Pinnacle Bankshares Declares Strong Cash Dividend Increase

Author: Evelyn Baker Updated: 08-13-2025 03:30 PM

Pinnacle Bankshares Announces Dividend Increase

Recently, Pinnacle Bankshares Corporation (“Pinnacle” or the “Company”) (OTCQX: PPBN), serving as the one-bank holding company for First National Bank, has made headlines with its announcement regarding a significant increase in its cash dividend. This development underlines the company's strong financial footing and commitment to shareholder value.

Details of the Dividend Declaration

The Board of Directors at Pinnacle declared a cash dividend of $0.27 per share, a notable increase of $0.01 or 4% from the previous quarter's dividend of $0.26. This increase is particularly impressive as it marks the second dividend rise within the current fiscal year and the fifty-second consecutive quarter in which the Company has declared a dividend.

Statements from Leadership

Aubrey H. Hall, III, serving as the President and Chief Executive Officer of both Pinnacle and First National Bank, expressed satisfaction with the increased cash dividend. He emphasized that this positive step reflects the institution's robust financial performance, which includes a net income of $4.95 million through the first half of the current year—a significant 15% rise compared to the same timeframe last year.

Company Overview and Operations

Pinnacle Bankshares Corporation operates within the community banking sector, providing essential banking services throughout various regions in Virginia. As the holding company for First National Bank, Pinnacle serves a broad market area which incorporates numerous counties, enhancing its local presence and community engagement.

Branch Network and Services

Currently, Pinnacle operates a network of nineteen branches, strategically placed in key locations to serve its customers better. These branches are located in counties such as Amherst, Bedford, Campbell, Halifax, and Pittsylvania. Additionally, the bank maintains a presence in several cities, including Charlottesville, Danville, and Lynchburg, where it continues to foster relationships within the community.

Recent Developments in Banking Services

The bank has expanded its services with a new loan production office and a full-service branch recently launched in the South Boston area, which is part of Halifax County. This new branch marks a significant milestone in First National Bank's history and demonstrates its commitment to meeting the banking needs of the local community effectively.

Historic Performance and Future Outlook

In its long journey, First National Bank has been operational for over 117 years, showcasing its resilience and adaptability in the ever-changing banking landscape. The strengthened dividend and positive income report signify the bank's ongoing growth and stability which is expected to continue in the future.

Frequently Asked Questions

What is the new dividend per share declared by Pinnacle Bankshares?

Pinnacle Bankshares has declared a cash dividend of $0.27 per share, an increase from $0.26.

How often has Pinnacle increased its dividend?

This is the second dividend increase of the year and marks the fifty-second consecutive quarter of dividend declarations.

Who is the CEO of Pinnacle Bankshares Corporation?

The CEO is Aubrey H. Hall, III, who also serves as President of First National Bank.

What is Pinnacle Bankshares Corporation known for?

Pinnacle is known for its community banking services and has operated in Virginia for over a century.

What recent developments have occurred in Pinnacle's branch network?

Pinnacle has recently opened a loan production office and a full-service branch in South Boston, Halifax County.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.