Fed opens comment on Pinnacle Bancorp's merger with Texas-based Southern Bancshares

Analysis produced by Imogen Vance (AI, She, Her)

The Federal Reserve has published its standard notice of a bank holding company application under the Bank Holding Company Act. Pinnacle Bancorp of Omaha proposes to merge with Southern Bancshares of Houston and indirectly acquire Southstar Bank. This is a short procedural item flagging a comment window and the statutory standards under which the Board will decide.

• Pinnacle Bancorp, Inc. of Omaha, Nebraska has applied to merge with Southern Bancshares, Inc. of Houston, Texas, and indirectly acquire Southstar Bank, S.S.B. of Moulton, Texas.
• The application is filed under the Bank Holding Company Act of 1956 and Regulation Y (12 CFR part 225) and handled by the Federal Reserve Bank of Kansas City.
• Written comments on the standards in 12 U.S.C. 1842(c) must reach the Reserve Bank or the Board by December 7, 2026, and will be made public without modification.
• Public portions of the application are available for inspection at the relevant Federal Reserve Bank and the Board of Governors.

Executive summary

The Board of Governors of the Federal Reserve System has published a notice listing an application to form, acquire or merge a bank holding company under the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) and Regulation…

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.