Pinnacle Bank Announces Q3 2014 Results
Business Wire - Mon Oct 27, 12:09PM CDT
PBNK - Pinnacle Bank, headquartered in Gilroy, California, announced today unaudited net income for the three months ended September 30, 2014 of $346,000 compared to $5,975,000 in the same period of 2013. During the third quarter of 2013, the valuation allowance was reversed on $5.833 million of deferred tax assets. Income before taxes for the three months ended September 30, 2014 was $576,000 a 307% increase from the $142,000 for the same period of 2013.
Pinnacle Bank Ranked the Number 2 Top Performing Bank in the Country with Assets Between $150 to $300 million by Independent Community Bankers of America, (ICBA)
Business Wire - Thu Jun 12, 3:02PM CDT
Pinnacle Bank (OTCBB: PBNK), headquartered in Gilroy, California, has been ranked number 2 in the country by ICBA of top performing member banks with assets between $150 and $300 million. ICBA utilized year-end FDIC call report earnings data to identify the top 25 community banks in six asset-size categories. Each top-25 listing measures community banks by their return on average asset (ROA) and return on average equity (ROE) ratios for all of 2013.
Pinnacle Bank Appoints Paul Bruno to Board of Directors
Business Wire - Mon Mar 31, 9:00AM CDT
PBNK - Pinnacle Bank, headquartered in Gilroy announced today that Paul Bruno has been appointed to its Board of Directors.
Pinnacle Bank Announces 2012 Results
Business Wire - Fri Feb 01, 2:14PM CST
PBNK.OB - Pinnacle Bank, headquartered in Gilroy, California, announced today net income for 2012 was $190,000 compared to $551,000 in 2011. The 2012 provision for loan losses was $1,438,000, an increase of $1,205,000 from $233,000 in 2011. Pre-provision, pre-tax earnings of $1,655,000 for 2012 compared to $784,000 in 2011.
Kurt Michielssen Joins Pinnacle Bank as Senior Vice President, Senior Relationship Manager
Business Wire - Tue Jan 22, 11:46AM CST
Pinnacle Bank (OTCBB: PBNK) announced today that prominent South County banker, Kurt Michielssen has joined the bank as Senior Vice President, Senior Relationship Manager.