Nebraska's Pinnacle Bank Buying Hastings Bank

By: Associated Press
By: Associated Press

Pinnacle Bank has announced a deal to buy Hastings State Bank.

Terms of the deal announced Wednesday were not disclosed. The deal is expected to be completed by the end of the year.

Hastings State Bank is based in Hastings and has $139 million in assets and seven branches.

The Hastings bank deal is the second in two days for Pinnacle Bank. The bank said Tuesday that it had agreed to buy First State Bank of Joplin, Mo.

Both banks will become part of Pinnacle Bank, which is based in Lincoln.

Pinnacle Bank is part of Pinnacle Bancorp, which is based in Omaha. It is a $6.7 billion financial holding company that operates 127 community bank branches in eight states.

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