Omaha, Nebraska-based Pinnacle Bancorp Inc. and its subsidiary, Fort Worth-based Pinnacle Bank, have received regulatory approval for the acquisition of San Antonio-based Crockett National Bank. On December 1, Crockett National Bank changed its name to Pinnacle Bank. Its San Antonio, San Angelo, College Station, New Braunfels and Ozona branches will become part of Pinnacle Bank’s Texas charter.
The addition of Crockett National Bank will add five branches and two loan production offices to Pinnacle Bank’s existing 22-branch network in Texas. All locations will continue operation, retaining their current staff. Branches will be managed locally under Pinnacle Bank’s community bank model of local decision-making. Customers will have access to expanded resources and a multi-state ATM network.
“We’re proud to expand in Texas by welcoming Crockett National Bank and their experienced staff to our banking family,” says Sid Dinsdale, chairman of Pinnacle Bancorp.
“We’re happy to continue serving our local area under the Pinnacle Bancorp umbrella,” says Todd Huckabee, CEO of Crockett National Bank. “While our name is changing, our care for our customers and community is not.” Huckabee will continue to oversee the former Crockett National bank locations in his new role as regional president for Pinnacle Bank.
Established in 1938, Pinnacle Bancorp is a family-owned $17.7 billion financial holding company operating 161 community banks in eight states, including 27 branches in Texas with the acquisition of Crockett National Bank.
