LINCOLN, Neb. (AP) — Pinnacle Bank has announced its agreement to buy Home State Bank in Louisville (LOO’-his-vihl).
The purchase was announced Thursday and is expected to close in January. Financial terms aren’t being disclosed.
Lincoln-based Pinnacle Bank has nearly $8 billion in assets and more than 70 branches in Nebraska and several other states. The one-office Home State Bank has nearly $83 million in assets.
Home State President Dave Pankonin says the sale fits into a succession plan that includes no family successors.
