Pinnacle Bank has received regulatory approval for the acquisition of Crockett National Bank, officials announced Thursday.
Crockett National Bank will change its name to Pinnacle Bank, as of Dec. 1. Its San Antonio, San Angelo, College Station, New Braunfels, and Ozona branches will become part of the bank’s Texas charter.
Financial details of the transaction were not disclosed.
“We’re proud to expand in Texas by welcoming Crockett National Bank and their experienced staff to our banking family,” said Pinnacle Bancorp. Chairman Sid Dinsdale, whose family founded the bank in 1938.
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. Todd Huckabee, CEO of Crockett National Bank, will continue to oversee the former Crockett National bank locations in his new role as regional president.
Pinnacle Bank has five Fort Worth-area locations, including a location on West Lancaster in downtown.
As part of Pinnacle Bank, customers will have access to expanded resources and a multi-state ATM network. 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.
“We’re happy to continue serving our local area under the Pinnacle Bancorp umbrella. While our name is changing, our care for our customers and community is not,” Huckabee said. “Our customers and community will receive the same level of support and personal attention they’ve come to expect from us.”
Pinnacle Bancorp is a family-owned $17.7 billion financial holding company operating 161 community banks in eight states.