Pinnacle Bankshares Announces Up to $500K Share Buyback

Pinnacle Bankshares Corporation

announced today that its Board of Directors has approved a plan to repurchase up to $500,000 of the Company's outstanding common stock through May 12, 2014. The Company intends to repurchase shares on an ongoing basis through open market purchases, block trades and privately-negotiated purchases. Actual repurchases will be subject to the availability of stock, general market conditions, the trading price of stock, alternative uses for capital and the Company's capital ratios. The repurchase program may be suspended, modified or discontinued at any time, and the Company has no obligation to repurchase any amount of its common stock under the program.