Submitted by Vallant Financial Inc.
Vallant Financial Inc. announced last week it has completed the merger between Vallant and Morris State Bancshares Inc.
Vallant was previously known as Pinnacle Financial Corporation and changed its name in anticipation of the merger.
On the same date, Pinnacle Bank, subsidiary bank of Vallant, and Morris Bank, subsidiary bank of Morris, completed their merger and changed the legal name of the combined bank to Vallant Bank.
Vallant Bank will continue to operate under the names Pinnacle Bank and Morris Bank in their respective markets until a systems conversion and full rebranding is completed later in the second quarter of 2026.
The combined company is expected to be the largest Georgia-based community bank holding company with assets of approximately $3.98 billion.
Upon consummation of the merger, each share of Morris common stock was converted into the right to receive 0.1095 shares of Vallant’s common stock.
Vallant common stock will trade on the OTCQX market under the symbol “VLNT.”
Shareholders interested in trading shares of Vallant common stock are encouraged to contact JWTT Inc., which will serve as a market maker for the shares.
JWTT may be contacted by phone at 971-323-0300 or by email at trading@jwttinc.com.
Vallant Financial Inc. is a single bank holding company headquartered in Elberton and with offices through Northeast, Middle and Southeast Georgia.
Its bank subsidiary, Vallant Bank, has offices in 22 counties of Georgia.
Vallant Bank is an independent community bank, offering a wide range of personal and business financial services and currently operates under the names Pinnacle Bank and Morris Bank.
Vallant Financial Inc.’s investor relations website can be accessed at vallantfinancial.com.
To learn more about products and services of Vallant Bank, including specialized offerings for all customers, visit pinnaclebank.com and morris.bank.com.