Federal Reserve opens comment period on Pinnacle Bancorp merger
Pinnacle Bancorp, Southern Bancshares and Southstar Bank are subject to Board review, with comments due by Dec. 7 2026.
On November 5, 2026, the Board of Governors of the Federal Reserve System published a notice (FR Doc 2026-22599) announcing that it has received applications for the formation of, acquisition by, and merger of bank holding companies under the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) and Regulation Y (12 CFR part 225).
The notice lists a single application: Pinnacle Bancorp, Inc., Omaha, Nebraska, proposes to merge with Southern Bancshares, Inc., Houston, Texas, and through that merger would indirectly acquire Southstar Bank, S.S.B., Moulton, Texas.
The public portions of the applications and any related filings required by the Board are available for immediate inspection at the Federal Reserve Bank of Kansas City and at the Board's offices in Washington. Interested parties may also obtain the materials on an expedited basis by contacting the appropriate Reserve Bank or the Board's Freedom of Information Office.
Comments on the applications must be submitted in writing to the Federal Reserve Bank of Kansas City (Jeffrey Imgarten, Assistant Vice President, 1 Memorial Drive, Kansas City, Missouri 64198-0001, email protected) or to the Board's Secretary, Benjamin W. McDonough, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001, no later than December 7, 2026.
Comments will be made publicly available without alteration, except for removal of personal or business identifiers that are not appropriate for public disclosure. Submissions should not contain confidential information. The notice is signed by Associate Secretary Michele Taylor Fennell.
The Board will evaluate the applications against the standards enumerated in the BHC Act, and any comments received will be part of the public record considered in the approval process.
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