Pinnacle Bank of Rogers, Central Bank of Little Rock To Merge

Two banks with some common shareholders intend to consolidate their ownership in a proposed stock merger through Pinnacle Bancshares Inc.

Central Bank in Little Rock will hold a 52 percent stake in Pinnacle Bancshares with the balance representing the existing stockholders in the holding company of Pinnacle Bank of Rogers.

The combined operations will more than $200 million in total assets with more than $30 million in capital.

via  ArkansasBusiness.com

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