Lincoln, Neb.-based Pinnacle Bank is acquiring the $630 million Crockett National Bank, San Antonio.
Crockett National has five branches in Texas, including San Angelo and Ozona; and LPOs in San Antonio and New Braunfels. The $7.6 billion Pinnacle Bank has branches in seven states, including Nebraska, Colorado, Missouri, New Mexico, Texas, Arizona and Wyoming.
The transaction will close during the second half of this year. The cost of the deal has not been disclosed. Crockett National Bank CEO Todd Huckabee and all other staff will join Pinnacle Bank. “Pinnacle Bank’s commitment to community and customer service aligns closely with the foundations that our banking philosophy has always been based on,” Huckabee said.