GILROY, Calif., July 24, 2015 /PRNewswire/ -- Pinnacle Bank (OTCQX: PBNK), announced today that they have been recognized by Bauer Financial, Inc. as a 5-Star, Superior Bank, based on March 31, 2015, financial information.
This is the highest rating that Bauer Financial assigns and it ranks Pinnacle Bank as one of the nation's strongest financial institutions.
Bauer Financial recommends the rating based on how financially sound the bank is, requires the bank to have a tangible capital ratio of greater than 6% and at least twice the capital required by regulators.
"We are very pleased that Bauer Financial has recognized Pinnacle Bank's performance. This rating further solidifies the hard work by our executive team, board of directors and employees," stated Susan K. Black, President and Chief Executive Officer.
About Pinnacle Bank
Pinnacle Bank is a full-service business bank dedicated to providing quality depository and credit services in Santa Clara, San Benito and Monterey counties. The bank focuses on commercial banking services for non-profits, businesses and their principals offering a variety of products and services that combine the best of personal touch with convenient technology-based delivery. Pinnacle Bank has locations in Morgan Hill, Gilroy and Salinas. For more information please go to www.pinnaclebankonline.com.
Susan K. Black, President & CEO
SOURCE Pinnacle Bank