お知らせ • Apr 01
Pinnacle Financial Corporation completed the acquisition of Morris State Bancshares, Inc. (OTCPK:MBLU) in a reverse merger transaction. Pinnacle Financial Corporation agreed to acquire Morris State Bancshares, Inc. (OTCPK:MBLU) in a reverse merger transaction on November 20, 2025. Under the terms of the definitive agreement, each outstanding share of Morris common stock will be exchanged for the right to receive 0.1095 shares of the combined company’s common stock. The companies plan to unveil a new unified name and logo for the combined bank and company prior to the closing of the transaction. Upon completion of the merger, the combined company’s common stock will begin trading on the OTCQX under a new ticker symbol to be determined at a later date. The combined organization’s corporate headquarters will be located in Elberton, Georgia. Executives and team members of both companies will continue to operate from their existing offices. The combined company’s Board of Directors will consist of nine directors from Pinnacle and eight directors from Morris. The combined company’s executive management will be led by Jackson McConnell, Leonard Blount, David Voyles, Spence Mullis, Scott Wilson, and Chris Bond.
The transaction is expected to close at the end of the first quarter or early second quarter of 2026, subject to satisfaction of customary closing conditions, including the receipt of required regulatory approvals and approval from Morris shareholders. The transaction has been unanimously approved by the Boards of Directors of Pinnacle and Morris. As of March 18, 2026, the transaction has been approved by the shareholders of Morris State Bancshares. The merger has also received all required regulatory approvals. Completion of the merger is expected to occur on April 1, 2026.
Piper Sandler & Co. acted as financial advisor for Pinnacle Financial Corporation. Fenimore Kay Harrison LLP acted as legal advisor for Pinnacle Financial Corporation. Keefe, Bruyette & Woods, Inc. acted as financial advisor for Morris State Bancshares, Inc. Keefe, Bruyette & Woods, Inc. acted as fairness opinion provider for the Board of Directors of Morris State Bancshares, Inc. Alston & Bird LLP acted as legal advisor for Morris State Bancshares, Inc.
Pinnacle Financial Corporation completed the acquisition of Morris State Bancshares, Inc. (OTCPK:MBLU) in a reverse merger transaction on April 1, 2026. お知らせ • Nov 20
Pinnacle Financial Corporation agreed to acquire Morris State Bancshares, Inc. (OTCPK:MBLU) in a reverse merger transaction. Pinnacle Financial Corporation agreed to acquire Morris State Bancshares, Inc. (OTCPK:MBLU) in a reverse merger transaction on November 20, 2025. Under the terms of the definitive agreement, each outstanding share of Morris common stock will be exchanged for the right to receive 0.1095 shares of the combined company’s common stock. The companies plan to unveil a new unified name and logo for the combined bank and company prior to the closing of the transaction. Upon completion of the merger, the combined company’s common stock will begin trading on the OTCQX under a new ticker symbol to be determined at a later date. The combined organization’s corporate headquarters will be located in Elberton, Georgia. Executives and team members of both companies will continue to operate from their existing offices. The combined company’s Board of Directors will consist of nine directors from Pinnacle and eight directors from Morris. The combined company’s executive management will be led by Jackson McConnell, Leonard Blount, David Voyles, Spence Mullis, Scott Wilson, and Chris Bond.
The transaction is expected to close at the end of the first quarter or early second quarter of 2026, subject to satisfaction of customary closing conditions, including the receipt of required regulatory approvals and approval from Morris shareholders. The transaction has been unanimously approved by the Boards of Directors of Pinnacle and Morris.
Piper Sandler & Co. acted as financial advisor for Pinnacle Financial Corporation. Fenimore Kay Harrison LLP acted as legal advisor for Pinnacle Financial Corporation. Keefe, Bruyette & Woods, Inc. acted as financial advisor for Morris State Bancshares, Inc. Keefe, Bruyette & Woods, Inc. acted as fairness opinion provider for the Board of Directors of Morris State Bancshares, Inc. Alston & Bird LLP acted as legal advisor for Morris State Bancshares, Inc. お知らせ • Nov 01
Morris State Bancshares, Inc. Approves Fourth Quarter Dividend, Payable on or About December 10, 2025 On October 15, 2025, the board of directors of Morris State Bancshares, Inc. approved its fourth quarter dividend of $0.12 per share payable on or about December 10, 2025 to all shareholders of record as of November 10, 2025. お知らせ • Jul 30
Morris State Bancshares, Inc. Approves Third Quarter Dividend, Payable on or About September 15, 2025 On July 17, 2025, Morris State Bancshares, Inc. approved a third quarter dividend of $0.12 per share payable on or about September 15, 2025, to all shareholders of record as of August 15, 2025. お知らせ • Apr 23
Morris State Bancshares Declares Second Quarter Dividend, Payable on or About June 15, 2025 Morris State Bancshares, Inc. announced on April 16, 2025, the board of directors approved a second quarter dividend of $0.12 per share payable on or about June 15, 2025, to all shareholders of record as of May 15, 2025. お知らせ • Feb 05
Morris State Bancshares, Inc Declares Special Dividend, Payable on or About March 21, 2025 Morris State Bancshares, Inc’s Board also approved a one-time special dividend of $0.15 per common share. This special dividend will be payable on or about March 21, 2025, to all shareholders of record as of February 15, 2025. お知らせ • Feb 04
Morris State Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on or About March 14, 2025 Morris State Bancshares, Inc.’s Board of Directors announced a 30.43% increase in its quarterly cash dividend, raising it to $0.12 per common share—an increase of $0.028 per share over the quarterly dividend of $0.092 paid in each of the prior quarters last year. This dividend will be payable on or about March 14, 2025, to all shareholders of record as of February 15, 2025. お知らせ • Jan 31
Morris State Bancshares Increases Quarterly Dividend, Payable on or About March 15, 2024 On January 24, 2024, the Board of Directors of Morris State Bancshares, Inc. declared a quarterly cash dividend of $0.46 per common share payable on or about March 15, 2024, to all shareholders of record as of February 15, 2024. This represents an increase of $0.02 per share, or 4.5%, from the quarterly dividend levels paid to shareholders in 2023. お知らせ • Oct 26
Morris State Bancshares Approves Fourth Quarter Dividend, Payable on or About December 15, 2023 On October 18, 2023, the board of directors approved its fourth quarter dividend of $0.44 per share payable on or about December 15, 2023 to all shareholders of record as of November 15, 2023. お知らせ • Feb 03
Morris State Bancshares, Inc. Approves First Quarter Dividend, Payable on or About March 15, 2023 Morris State Bancshares, Inc. approved a first quarter dividend of $0.44 per share payable on or about March 15, 2023, to all shareholders of record as of February 28, 2023. お知らせ • Oct 27
Morris State Bancshares, Inc. Declares Fourth Quarter Dividend, Payable on or Around December 15, 2022 Morris State Bancshares, Inc. approved a fourth quarter dividend of $0.44 per share payable on or about December 15th to all shareholders of record as of November 15th (unchanged from the dividends paid in the first and second quarters). お知らせ • Feb 01
Morris State Bancshares, Inc. Increases Dividend for the First Quarter of 2022, Payable on or About March 15, 2022 On January 24, 2022, the board of directors of Morris State Bancshares, Inc. approved an increase in its first quarter of 2022 dividend to $0.44 per share payable on or about March 15, 2022 to all shareholders of record as of February 15, 2022. お知らせ • May 02
Morris State Bancshares, Inc. Announces Dividend for the First Quarter of 2021, Payable on or About June 15, 2021 On April 21, 2021, Morris State Bancshares, Inc. board of directors approved its first quarter dividend of $0.38 per share payable on or about June 15 to all shareholders of record as of June 1.