Pinnacle Bankshares Corporation Announces Cash Dividend

ALTAVISTA, Va., Nov. 14, 2019 (GLOBE NEWSWIRE) — Pinnacle Bankshares Corporation (the “Company”) (OTCQX: PPBN), the one-bank holding company for First National Bank (the “Bank”), announced today that its Board of Directors declared a cash dividend of $0.14 per share on November 12, 2019 payable December 6, 2019 to shareholders of record as of November 22, 2019. 
The $0.14 per share cash dividend is equal to the $0.14 dividend paid last quarter and marks the twenty-ninth consecutive quarter that a dividend has been declared.  Pinnacle previously released its 2019 third quarter earnings on October 17, 2019 indicating record net income for the first nine months of 2019.“We are pleased to maintain our cash dividend of $0.14 per share this quarter after reporting record earnings through nine months of 2019.  Dividends declared in 2019 now total $0.545 per share, which is $0.10 or 22% higher than the $0.445 per share in dividends declared last year,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank.Pinnacle Bankshares Corporation is a locally managed community banking organization based in Central Virginia.  The one-bank holding company of First National Bank serves an area consisting primarily of all or portions of the Counties of Campbell, Pittsylvania, Bedford, Amherst and the City of Lynchburg.  The Company has a total of ten branches with two located in the Town of Altavista, where the Bank was founded.  Other branch locations include Village Highway in Rustburg, Wards Road near the Lynchburg Regional Airport, Timberlake Road in Campbell County, South Main Street in the Town of Amherst, Old Forest Road, Odd Fellows Road and Main Street in the City of Lynchburg and Forest Road in Bedford County. The Bank is in the process of opening a Charlottesville Loan Production Office in the near future and plans to move towards establishment of a full service presence over the next few years. First National Bank is in its 111th year of operation.Cautionary Statement Regarding Forward-Looking StatementsThis press release may contain forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward‑looking statements are not statements of historical fact and are based on assumptions and describe future plans, strategies, and expectations of management, and are inherently subject to risks and uncertainties. For discussion of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, please see “Cautionary Statement Regarding Forward-Looking Statements” in our latest Annual Report available on our website,, under “Investor Relations—Financial Documents.” These risks and uncertainties should be considered in evaluating forward‑looking statements contained herein, and you should not place undue reliance on such statements. We undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made.CONTACT:  Pinnacle Bankshares Corporation, Bryan M. Lemley, 434-477-5882 or

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.