Press Releases

Gudith Promoted to Assistant Vice President

David Burrell, President and CEO of Pinnacle Bank, is pleased to announce the promotion of Danielle Gudith to Assistant Vice President.

Danielle joined the staff of Pinnacle Bank in August 2012 as a personal banker/consumer lender, and has recently taken on the responsibilities of deposit manager. In addition to consumer lending, she will also oversee day-to-day operations and compliance in the deposit area of the bank. A graduate of Central College in Pella, Iowa, Danielle has 14 years of banking experience. She serves as the treasurer for the Franklin Elementary School PTA and resides in Marshalltown with her husband Lee and their two children.

Pinnacle Bank has been serving its customers since 1927, with locations in Marshalltown and Toledo.

Loney Joins Pinnacle Bank Board of Directors

Pinnacle Bank is pleased to announce the addition of Nick Loney to its board of directors. Loney is a Marshalltown native and University of Iowa graduate with a bachelor of business administration in accounting degree. He has been employed by RACOM Corporation for 13 years, and currently serves as their vice president and chief financial officer. RACOM is a leading supplier and integrator of wireless voice, data, and video communications equipment for the public safety industry. He was previously employed by Deloitte and Touche.

"I'm excited to join the board of a locally owned bank with an experienced management team. Pinnacle Bank has a long history of serving the needs of its customers in our community, and I hope to continue to support that mission with my business experience," Loney commented.

Loney is active within the community, serving as president of the Marshalltown Football League and acting as a volunteer coach for the Marshalltown Little League and Marshalltown Wrestling Club. He is also an active member of the Crosswinds Toastmasters and has served on the boards for the Marshalltown Chamber of Commerce and Oktemberfest.

David Burrell, President/CEO and Chairman of the Board of Pinnacle Bank added, "We are excited to have someone with Nick's business background and experience on board. He knows the area well and will be a real asset to our organization."

Loney and his wife, Carrie, reside near Marshalltown with their three children.


Target Debit/Credit Card Information Breach

Debit/credit card information has recently been compromised at Target stores.  Card information was captured from transactions during a portion of November and December, and it could be used for fraudulent activity.

If your debit card has been identified by Shazam (our card processor) as one that has been compromised, a representative of Pinnacle Bank will be contacting you in the coming days.

Please be diligent in reviewing transactions in your account, and please contact either of our locations is you see any fraudulent activity. You can reach us at (641) 752-2393 in Marshalltown or (641) 484-7303 in Toledo. You may contact Shazam directly at (800) 383-8000 if you discover fraudulent activity outside of business hours, and then contact a Pinnacle Bank location as soon as possible during regular hours.


Pinnacle Bank receives 5-star rating from BauerFinancial

David Burrell, President/CEO, is pleased to announce that Pinnacle Bank has been awarded a 5-Star rating from BauerFinancial, Inc. BauerFinancial has been the leading independent bank and credit union rating firm since 1983. Their rating system has earned the trust and recognition of regulators, bankers, and consumers across the nation.

This 5-star rating distinguishes Pinnacle Bank as having demonstrated the epitome of safety and soundness in banking and indicates it is one of the top banks in the nation when it comes to strength and security. BauerFinancial cites that Pinnacle Bank excels in the areas of capital adequacy, profitability, and asset quality, just to name a few.

Burrell commented, "We are excited to receive this honor, as it sets us apart as one of the top banks in the communities we serve. The entire staff works hard to make Pinnacle Bank the best it can be, and an award like this tells us we're on the right track for continued success."

Pinnacle Bank was first chartered in 1927, and today, has assets of over $150 million. With offices in Marshalltown and Toledo, Pinnacle Bank is eager to work with you to help you achieve financial success.


Latest News

In late September, Pinnacle Bank upgraded its online banking system. The new system is easier to use and offers several enhanced features, including:
  • Real-time transaction posting 
  • Ability to view check images 
  • E-statements will be available through online banking–a separate login will no longer be needed 
  • Spending reports will be available 
  • Ability to export history to financial software or spreadsheets 
  • Easier navigation 
To enroll in online banking, click on Personal Enrollment and follow the prompts.