Pinnacle Bankshares Corporation Announces First National Bank’s Sale of Membership in Bearing Insurance Group, LLC
Pinnacle Bankshares announced the sale of First National Bank's membership interest in Bearing Insurance Group, effective May 1, 2026. The Company estimates it will recognize a pre-tax gain of approximately $3.8 million in the second quarter of 2026 as a result of the transaction.
Key figures
- Pre tax gain
- $3.8 million
- Effective date
- May 1, 2026
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