Pinnacle Bancshares, the Jasper-based parent company of Pinnacle Bank, was recently ranked in the American Banker Magazine’s “Top 200 Community Banks” list, marking it as one of the top performing community banks in the nation and top performing community banks in Alabama.
The rankings and performance data were released in the May 2019 publication of American Banker Magazine.
“It is an honor for Pinnacle Bank to be named to American Bankers Top 200 Community Banks for 2019,” President and Chief Executive Officer Robert B. Nolen said. “It is because of our local investors, our loyal customers and employees that we are able to be placed in this elite group of banking institutions.”
S&P Global Marketing Intelligence reviewed a total of 601 publicly traded banks with less than $2 billion in assets as of December 31, 2018, for the ranking. Rankings were based on three-year average return on average stockholders’ equity (ROAE).
There were a total of five banks located in Alabama named to the list, with the others being in Atmore, Auburn, Troy and Prattville.
Pinnacle marked its first year on the national list at No. 182 with a three-year ROAE average at 9.29 percent.