|Pinnacle Bank ranked among top 100 ag banks in U.S.|
“Ag Lender Magazine” recently unveiled its annual ranking of the nation’s “Top 100 Ag Banks” in its April 2009 publication.
At the top of the list was Nebraska-based, family-owned Pinnacle Bank. Pinnacle was honored with the title of Nebraska’s Top Ag Bank and was ranked second Top Ag Bank in the nation.
Imperial is one of 115 Pinnacle Bank locations in eight states, including 49 in Nebraska.
The Top 100 Ag Banks are based on the aggregate size of the bank’s ag loan portfolio in dollar amount for banks considered an “agricultural bank” by the Federal Deposition Insurance Company (FDIC).
According to the FDIC’s definition of an ag bank, at least 25 percent of its outstanding loans are to farmers and ranchers.
2009 marks the sixth consecutive year that Pinnacle Bank has been recognized as a top Ag Bank in the nation by Ag Lender magazine.
“We are honored to be recognized as Nebraska’s Top Ag Bank,” said Roy Dinsdale, chairman of Pinnacle Bancorp.
“Our roots reach into the heart of Nebraska agriculture. We have a long history of serving and supporting our Ag producers for the past 71 years and we look forward to continuing that commitment well into the future,” he said.
Pinnacle Bank was founded by Roy’s father, George Dinsdale, in the rural-Nebraska town of Palmer during the 1930s Depression-era.
As a farmer and cattle feeder himself, Dinsdale recognized the important role that a strong bank plays in the successful operation of a farm or ranch. Since that time, two generations of Dinsdales have carried on the family’s agriculture and banking businesses.
Roy’s son, Sid, currently serves as President and Director of Pinnacle Bancorp, Inc.