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Pinnacle Bancshares declares dividend of USD 0.11.

BANKING AND CREDIT NEWS-June 4, 2014--Pinnacle Bancshares declares dividend of USD 0.11


4 June 2014 -- Alabama US-based bank holding company Pinnacle Bancshares Inc (OTCBB: PCLB) said that its board of directors has approved a quarterly cash dividend of USD 0.11 per share.

The dividend is payable June 20, 2014 to stockholders of record on June 9 2014. The quarterly amount is equivalent to an annualized rate of USD 0.44 per share.

For the three months ended March 31, 2014, Pinnacle reported net income of USD 464,000, compared to USD 474,000 for the three months ended March 31, 2013.

Net interest income after the provision for loan losses for the three months ended March 31, 2014, was USD 1.701m compared with USD 1.664m in the same period last year.

Pinnacle Bancshares, Inc.'s wholly owned subsidiary Pinnacle Bank has seven offices located in central and northwest Alabama.

1 USD = .60 GBP

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Publication:M2 Banking & Credit News (BCN)
Date:Jun 4, 2014
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