Pinnacle Bankshares Corp. in Altavista, Va., said Friday that it is looking for a new president and chief executive.
The $334.7 million-asset company said in a filing with the Securities and Exchange Commission that Robert H. Gilliam Jr. plans to retire from the company and its First National Bank unit "in a midyear 2011 time frame." Gilliam also plans to step down from the board.
Pinnacle said it would "promptly move toward identifying a successor" and that Gilliam would remain at the company until his successor is hired.