Pinnacle Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on March 18, 2022
February 23, 2022 at 11:45 am EST
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Pinnacle Bancshares, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.25 per share. The dividend is payable March 18, 2022 to stockholders of record on March 7, 2022. The quarterly amount is equivalent to an annualized rate of $1.00 per share.
Pinnacle Bancshares, Inc. is a bank holding company whose principal activity is the ownership and management of its wholly owned subsidiary, Pinnacle Bank. The Bank is primarily in the business of obtaining funds in the form of various savings, demand deposit, and time deposit products and investing those funds in mortgage, consumer, and commercial loans. The Bank operates in seven offices in the central and northwest portions of Alabama and originates its loans in this market area. The Company offers various types of real estate loan products, including commercial real estate mortgage loans, loans for real estate construction and development, residential mortgage loans and other real estate mortgage loans. Its commercial non-real estate loan portfolio segment includes commercial, financial, agricultural and municipal tax-free loans. The Companyâs consumer loan portfolio segment includes direct consumer installment loans, overdrafts, and other revolving credit loans.
PINNACLE BANCSHARES, INC. 
