Pinnacle Bancshares Profile
Pinnacle Bancshares, Inc. operates as a bank holding company for Pinnacle Bank. The bank is an Alabama-chartered commercial bank with offices located in Central and Northwest Alabama.
The bank engages in the business of obtaining funds in the form of savings deposits and investing such funds in mortgage loans on single-family residential real estate.
Market Area
The bank operates offices located in Central and Northwest Alabama. The bank has main office at Jasper, Alabama and branch offices in Jasper, Alabama, Sumiton, Haleyville, Vestavia, Trussville and Gardendale, Alabama.
Lending Activities
The bank’s loan portfolio includes commercial real estate loans; residential real estate loans, including equity lines of credit; construction and development loans; commercial business loans; and consumer loans. The bank makes various types of consumer loans, including the loans made for automobile loans, personal loans, educational loans and loans for home improvement or other purposes.
Deposits
The bank’s consumer and commercial deposits are attracted principally from with in its primary market area through the offering of various deposit instruments, including NOW accounts, non-interest bearing demand deposit accounts, money market accounts, regular savings accounts, term certificate accounts and retirement savings plans. The bank also offers various accounts including: passbook savings, all types of checking and deposit accounts, and individual retirement accounts (IRAs).
Other Services
The bank also offers limited lines of credit, Internet and telephone banking and bill payment services.
Investment Activities
The bank’s investment portfolio includes U.S. Government and agency securities; Mortgage-backed securities; and other securities.