Exhibit 16.(a)(1)(xiii)
Pinnacle Bancshares, Inc.
1811 Second Avenuet Jasper, Alabama 35502
December 3, 2007
Stockholder Name
Stockholder Address
Stockholder City, State and ZIP
Re: Extension of Odd Lot Tender Offer
DearStockholder Name:
Pinnacle Bancshares, Inc. is extending its tender offer to purchase all shares of common stock held by persons holding 99 or fewer shares until Friday, January 4, 2008, at 5:00 p.m., Central Time. We are offering to purchase your shares for a purchase price of $16.25 per share in cash. We are also offering an additional payment of $50.00 as an incentive to each stockholder to accept our offer. Previously, you should have received a package which included an Offer to Purchase for Cash describing the terms and conditions of this tender offer.
We have received a good response so far in connection with this tender offer. We have also received interest from eligible stockholders who have not yet tendered their shares pursuant to this offer. As a result, the Board elected to extend the offer until January 4, 2008 to allow these stockholders time to participate. All stockholders who tender their shares in response to this offer, including those stockholders who tendered prior to the date of this letter, will receive their sale proceeds after the closing date of the tender offer.
As a result of the extended closing date, and certain comments received from the SEC, we have filed an amended Schedule 13E-3 and Offer to Purchase for Cash further clarifying the terms of the tender offer and the considerations made with respect to this transaction. You can access this filing on the SEC’s website (www.sec.gov).
If you have any questions regarding this odd lot tender offer or its extension, or if you would like additional copies of any documents or forms, please feel free to contact our Information Agent, Corporate Communications, Inc. at (615) 324-7311 (telephone) or (615) 254-3420 (facsimile), Attn: Gil Fuqua. We also continue to urge you to read the documents that you received related to this offer and give the matter your full consideration.
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| | | | | Sincerely, |
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| | | | | /s/ Robert B. Nolen, Jr. |
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| | | | | Robert B. Nolen, Jr. |
| | | | | President and Chief Executive Officer |
