Pinnacle Bank of Lincoln, Neb., would expand its presence in the Show Me State with its agreement to buy First State Bank of Joplin, Mo.
The deal would give the $3.3 billion-asset Pinnacle, which has 57 branches throughout Nebraska, Kansas and Missouri, the $183 million-asset First State's six branches in southwestern Missouri.
"We are pleased to add the Joplin area to the Pinnacle Bank family," Sid Dinsdale, Pinnacle's chairman, said in a news release.
"The Joplin banking franchise will continue to be operated under the Pinnacle Bank community banking philosophy of local management and local control," Mark Hesser, Pinnacle's president, added in a news release.
Financial terms of the deal, which the companies announced Wednesday, were undisclosed. It is expected to close by yearend.
