Pinnacle Bancorp in Central City, Neb., has agreed to buy Woodhaven National Bank in Fort Worth, Texas.
Financial terms of the agreement were not disclosed. The merger is expected to close in December, based on regulatory approval, according to a Pinnacle spokesperson.
The $461 million-asset Woodhaven operates nine branches in the Fort Worth area under multiple names, including Ridglea Bank, Mercantile Bank and Mansfield Community Bank and Woodhaven Bank. The banks will keep their respective brand names following the deal.
The $4.3 billion-asset Pinnacle is a multibank holding company with operations in Colorado, Kansas, Missouri, Nebraska, New Mexico, Texas and Wyoming. It currently operates 13 branches of Pinnacle Bank in Texas, including three branches in Fort Worth.