First National Bank sells its stake in Bearing Insurance Group, expects $3.8M pre-tax gain in Q2 2026

Pinnacle Bankshares Corporation announced that its subsidiary, First National Bank, completed the sale of its membership interest in Bearing Insurance Group, LLC to an unrelated third party as of May 1, 2026. The company estimates a pre-tax gain of approximately $3.8 million from this transaction, which will be reflected in its financial results for the second quarter of 2026. This sale is part of Pinnacle's ongoing business strategy and may impact its future financial performance. Investors should consider this gain in the context of the bank's overall operations and market conditions.