Vallant Financial Announces Strategic Transformation for Vallant Bank

Vallant Financial, Inc., announced it had completed the systems conversion and rebranding of its subsidiary bank, Vallant Bank. Vallant Bank had previously operated under the separate trade names of Pinnacle Bank and Morris Bank. The systems conversion and rebranding represent the final steps of the strategic combination of the two community banks under the name Vallant Bank.

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Highlights of the previously completed combination included the following:

• Combined two high-performing, locally focused banks with no market overlap to create a leading Georgia community bank with approximately $3.8 billion in assets, serving communities across many of the state’s most dynamic growth corridors.
• Represented a true partnership, uniting the top talent of both institutions with highly aligned visions, cultures and customer-centered community bank philosophies.
• Delivered meaningful scale, formidable earnings power and a fortress balance sheet, providing our combined shareholders with enhanced investment returns.
• Ensured customers will continue to see the same familiar faces and enjoy the same local decision-making and personal service.
• Enhanced our customer service capabilities with greater lending capacity, enhanced technology, and a broader suite of financial solutions to help our clients’ businesses and communities thrive.

Sharing thoughts on completing the combination, Jackson McConnell, Chairman and Chief Executive Officer of Vallant said, “We are excited to complete the systems conversion and rebranding of Pinnacle Bank and Morris Bank. As we unite our two institutions, we strengthen our ability to serve people and businesses in communities across the state of Georgia.”

“After years of knowing one another and working together on industry issues, we are thrilled to take this next step in bringing our teams together,” said David Voyles, President of Vallant and CEO of Vallant Bank, “Our partnership allows us to focus on continued growth by sharing our core banking services with more community customers.”

Spence Mullis, Director of Community Banking with Vallant and President of Vallant Bank said, “I am truly excited to bring our two teams together under one new name and brand, solidifying our shared values and long-standing relationship. Together, we’ll be a leading Georgia community bank the entire state can be proud to call its own.”

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