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Stilwell exits stake in Alabama-based Pinnacle Bancshares

Joseph Stilwell's investment group has sold its position in Jasper, Ala.-based Pinnacle Bancshares Inc., according to an amended Schedule 13D filed Dec. 13.

The ownership filing said that on Dec. 8, Stilwell Value Partners VII, Stilwell Activist Fund and Stilwell Activist Investments sold a total of 106,718 shares at $23.20 apiece.

In September 2014, the group disclosed a 9.60% stake in the company.