Pinnacle Bancshares, the Jasper-based parent company of Pinnacle Bank, was recently ranked for the second year in a row 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 2020 publication of American Banker Magazine. Pinnacle ranked higher in 2020 than it did in 2019.
“It is an honor for Pinnacle Bank to once again be named to American Bankers Top 200 Community Banks for 2020,” President and Chief Executive Officer Robert B. Nolen said. “This recognition validates our goal to develop lasting relationships with our customers, community, and shareholders.”
S&P Global Marketing Intelligence reviewed a total of 511 publicly traded banks with less than $2 billion in assets as of December 31, 2019, for the rankings. 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, Birmingham, Auburn and Prattville.