Pinnacle Bankshares Corp. in Altavista, Va., will have a new president and chief executive next month.

The $340.6 million-asset company said in a regulatory filing Wednesday that Aubrey Hall 3rd will succeed the retiring Robert Gilliam Jr. on July 1. Hall is the company's chief operating officer.

Gilliam had announced plans to retire in January but he did not specify his departure date at that time. Hall, in anticipation of the succession, joined Pinnacle's board in April.

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