Pinnacle Bank and Crockett National Bank sign an Agreement
Todd Huckabee, CEO of Crockett National Bank, and Sid Dinsdale, Chairman of Pinnacle Bancorp, are pleased to announce the signing of an agreement for Pinnacle Bank to acquire Crockett National Bank of San Antonio, Texas. Crockett National Bank has a total asset size of $630 million with five branches in Central and Southwest Texas including San Antonio, San Angelo, Ozona and College Station. In addition, they have two Loan Production Offices (LPOs) located in San Antonio and New Braunfels.
Crockett National Bank will become part of Pinnacle Bank’s 22 branch network in Texas. “The people, hospitality and charm of the great state of Texas make it a wonderful place to do business. We appreciate this opportunity to welcome Crockett National Bank to the Pinnacle Bank family and expand our footprint in the state,” commented Sid Dinsdale.
Retaining the experienced staff of Crockett National Bank was a key component of this decision. All locations gained through the acquisition will continue operation under the Pinnacle Bank community banking philosophy of local management and local control. At closing, Huckabee will become a Regional President of Pinnacle Bank.
Todd Huckabee said, “Pinnacle Bank’s commitment to community and customer service aligns closely with the foundations that our banking philosophy has always been based on. We are happy to enter this partnership and continue service to our local area.”
The transaction is anticipated to close the second half of 2022, pending regulatory approval. Financial details of the transaction were not disclosed.
About Pinnacle Bancorp:
Founded in 1938, Pinnacle Bancorp is a family-owned $17.7 billion financial holding company operating 161 community banks in eight states, including 22 across Texas. For more information, visit pinnbanktx.com.