SAN ANGELO – Crockett National Bank in San Angelo has been sold.
According to information in a press release Friday, Crockett National Bank, which is headquartered in San Antonio and has branches in San Angelo, has been acquired by Pinnacle Bank.
Todd Huckabee, CEO of Crockett National Bank, and Sid Dinsdale, Chairman of Pinnacle Bancorp, announced the signing of an agreement for Pinnacle Bank to acquire Crockett National Bank of San Antonio. Crockett National Bank has a total asset size of $630 million with five branches in Texas, including San Angelo and Ozona. In addition, they have two Loan Production Offices (LPOs) located in San Antonio and New Braunfels.
Crockett National Bank will become part of Pinnacle Bank’s 22-branch network in Texas which is part of 161 banks in 8 states.
“The people, hospitality and charm of the great state of Texas make it a wonderful place to do business. We appreciate this opportunity to welcome Crockett National Bank to the Pinnacle Bank family and expand our footprint in the state,” Dinsdale said.
All locations gained through the acquisition will continue operation under the Pinnacle Bank community banking philosophy of local management and local control, according to the release. At closing, Huckabee will become a regional president of Pinnacle Bank.