KBRA Releases Surveillance Report for Pinnacle Bancorp, Inc.
13 Jun 2024 | New York
On May 6, 2024, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Omaha, Nebraska-based Pinnacle Bancorp, Inc. In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for Pinnacle’s largest subsidiary bank, Pinnacle Bank (NE). KBRA also affirmed the deposit and senior unsecured debt ratings of A- and the short-term deposit and debt ratings of K2 for Pinnacle’s other subsidiary banks, Bank of Colorado, Pinnacle Bank (TX), and Pinnacle Bank - Wyoming. The Outlook for all long-term ratings is Stable.
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