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Pinnacle Bank acquires Hastings State Bank

Posted: 10/11/12 08:05

Pinnacle Bank and Hastings State Bank signed an agreement yesterday for Pinnacle Bank to acquire Hastings State Bank, and add their seven locations. Hastings State Bank has total assets of $139 million with two locations in Hastings, three in Lincoln, one in Fairfield and one in Roseland. Mark Hesser, President of Pinnacle Bank, said the Hastings banking franchise will continue to be operated under the Pinnacle Bank community banking philosophy of local management and local control. The transaction is anticipated to close in December of 2012, pending regulatory approval.