Pinnacle Bancorp reaches for Texas with SouthStar Bank deal

What's the deal? Pinnacle BancorpDealroom has a profile for this one. Try Dealroom →, an Omaha, Nebraska-based lender with $20.9 billion in assets, has agreed to buy Southern BancsharesDealroom has a profile for this one. Try Dealroom →, the Texas parent of the $1.4 billion-asset SouthStar BankDealroom has a profile for this one. Try Dealroom →. The price was not disclosed.

Why now? The deal, announced in October 2026, is expected to close early next year. It extends Pinnacle's footprint into Moulton, Texas.

A parallel move: Separately, Missouri's $1.4 billion-asset Sullivan Bank agreed to buy the $144 million-asset Bank of CrockerDealroom has a profile for this one. Try Dealroom → in Waynesville, Missouri. Terms were also undisclosed.

The signal: Both deals point to continued consolidation among US community banks, with larger players absorbing smaller ones to broaden their reach.

Read more: bankingjournal.aba.com

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