Mmastodon BusinessBanking first seen 6 d ago, last 5 d ago, peak #2

Nebraska's Pinnacle Bancorp to acquire Texas lender SouthStar Bank

Original: Nebraska’s Pinnacle Bancorp to buy Texas community bank Acquiring SouthStar Bank expands Pinnacle’s Texas presence – cur

Nebraska-based Pinnacle Bancorp has agreed to buy SouthStar Bank, a Texas community bank. The deal pushes Pinnacle beyond its current Dallas-Fort Worth concentration into Austin and central Texas, expanding its footprint in one of the country's fastest-growing banking markets. Banking industry observers are watching the acquisition as another example of community bank consolidation across the region.

Why now: Bank consolidation continues to reshape regional banking, and this deal extends a Nebraska bank into the fast-growing Texas market.

Pinnacle BancorpSouthStar BankNebraskaTexasAustin

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Evidence

• Nebraska’s Pinnacle Bancorp to buy Texas community bank Acquiring SouthStar Bank expands Pinnacle’s Texas presence – currently concentrated in the Dallas-Fort Worth area – in Austin and the central part of the state. https://www. bankingdive.com/news/nebraska-… · AlexJimenez@mas.to · 1

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