Pinnacle Bank Announces Q1 2016 Results
PR Newswire - Fri Apr 29, 12:59PM CDT
Pinnacle Bank (OTCQX: PBNK), headquartered in Gilroy, California, announced today unaudited net income for the three months ended March 31, 2016, of $781,000, an increase of 423% over the same period in 2015 net income of $149,000.
Pinnacle Bank's President and CEO, Susan K. Black, Appointed to National Council for Community Bank Leaders
PR Newswire - Wed Feb 10, 8:00AM CST
Pinnacle Bank (OTCQX: PBNK), is pleased to announce that the American Bankers Association has selected Susan K. Black, to serve on the ABA's Community Bankers Council.
Pinnacle Bank reports 2015 net income of USD1.029m
M2 - Tue Feb 09, 10:44AM CST
Pinnacle Bank (OTCQX: PBNK) has reported unaudited net income for the year ended December 31, 2015 of USD1,029,000, an increase of 6.6 percent over 2014 net income of USD965,000, the company said. As of December 31, 2015, total assets were USD252.9 million, a 10 percent increase from the USD230.4 million at December 3, 2014. Loans were USD191.1 million at December 31, 2015, an increase of USD29.3 million (18 percent) from the December 31, 2014 balance of USD161.9 million. The allowance for loan losses at December 31, 2015 was USD3.3 million or 1.71 percent of loans compared to USD3.5 million or 2.20 percent of loans at December 31, 2014. Non-interest bearing deposits at December 31, 2015, increased 26 percent to USD102.6 million from USD81.4 million at December 31, 2014. Total deposits at December 31, 2015, were USD225.9 million compared to USD205.3 million at December 31, 2014, a 10 percent increase. Nonperforming assets were USD1.8 million (0.72 percent of assets) at December 31, 2015 compared to USD2.3 million (0.99 percent of assets) a year earlier. During the fourth quarter, the Bank reduced the allowance for loan losses by USD400,000 in recognition of improved credit quality. Pinnacle Bank is a full-service business bank in Santa Clara, San Benito and Monterey counties. The bank focuses on commercial banking services for businesses and nonprofit organizations, offering a variety of products and services.
Pinnacle Bank Announces 2015 Results
PR Newswire - Mon Feb 01, 11:43AM CST
Pinnacle Bank (OTCQX: PBNK), headquartered in Gilroy, California, announced today unaudited net income for the year ended December 31, 2015 of $1,029,000, an increase of 6.6% over 2014 net income of $965,000.
John Tilley Joins Pinnacle Bank as Senior Vice President
PR Newswire - Tue Sep 15, 8:00AM CDT
Pinnacle Bank (OTCQX: PBNK) announced today that John Tilley has joined the bank as senior vice president.
Pinnacle Bank Hires the Dynamic SBA Team of Brad Lebsack and Rebecca Wang
PR Newswire - Tue Sep 08, 8:00AM CDT
Pinnacle Bank (OTCQX: PBNK) announced today the hiring of Brad Lebsack as senior vice president, SBA senior relationship manager and Rebecca Wang as vice president, SBA loan officer.
Pinnacle Bank Receives 5 Star Rating from Bauer Financial
PR Newswire - Fri Jul 24, 5:00AM CDT
Pinnacle Bank (OTCQX: PBNK), announced today that they have been recognized by Bauer Financial, Inc. as a 5-Star, Superior Bank, based on March 31, 2015, financial information.
Pinnacle Bank names Cliff Dennett as executive vice president, senior loan officer
M2 - Fri Mar 27, 11:20AM CDT
Pinnacle Bank (OTCQX: PBNK), a full-service community business bank that provides depository and credit services in Santa Clara, San Benito and Monterey counties in the US, revealed on Friday that it has promoted Cliff Dennett to to the position of executive vice president, senior loan officer.
Pinnacle Bank Promotes Cliff Dennett to Executive Vice President, Senior Loan Officer
PR Newswire - Fri Mar 27, 8:00AM CDT
Pinnacle Bank (OTCQX: PBNK) announced the appointment of Cliff Dennett to Executive Vice President, Senior Loan Officer.
Pinnacle Bank announces trading of common stock on OTCQX
M2 - Thu Mar 19, 4:48AM CDT
Pinnacle Bank (OTCQX
Pinnacle Bank Begins Trading on OTCQX
BusinessWire - Wed Mar 18, 1:45PM CDT
Pinnacle Bank (OTCQX
OTC Markets Group Welcomes Pinnacle Bank to OTCQX
PR Newswire - Wed Mar 18, 6:00AM CDT
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Pinnacle Bank (OTCQX: PBNK), a full-service business bank serving Santa Clara, San Benito and Monterey counties in California, has qualified to trade on OTCQX®, the best marketplace for established, global and growth companies.