First National Bank Announces Contract Renewal with Financial Literacy Software Provider, EVERFI

ALTAVISTA, Va., Oct. 26, 2022 (GLOBE NEWSWIRE) — First National Bank (the “Bank” or “First National”) of Pinnacle Bankshares Corporation (OTCQX: PPBN), is pleased to announce the renewal of the contract with EVERFI for provide continued access to financial literacy software to local high schools with additional access to adult financial literacy courses. The contract renewal includes the following schools located in the Lynchburg and Danville County-Pittsylvania areas: Altavista Combined School, Amherst County High School, Brookville High School, Campbell County Career and Technical Center, Chatham High School, Cornerstone Learning Academy, Dan River High School, EC Glass High School, Galileo Magnet High School, Gretna High School, Heritage High School, Liberty Christian Academy, Lynchburg Alternative High School, Monticello High School, Rustburg High School, Tunstall High School, and William Campbell High School.

One of First National Bank’s core values ​​is to invest in the communities it serves. This objective is partly achieved by investing in education, which is the foundation of all individuals. Financial literacy is imperative to leading a successful and fulfilling life. As such, the Bank believes that every individual should have access to this essential resource and aims to improve accessibility.

To this end, First National continued its partnership with EVERFI. EVERFI is a financial literacy platform that creates and hosts interactive educational courses on personal finance. EVERFI and the Bank’s partnership aim to equip individuals with the real-world skills to manage financial goals and milestones.

“We strongly believe that a financial education provides students and adults with the tools they need to succeed in life,” said Aubrey H. Hall, III, president and CEO of First National Bank. “Through this partnership, First National Bank and EVERFI will continue to provide access to financial literacy classes to high school students in our local communities. Additionally, we are proud to announce that we will now also be offering financial literacy resources to adults in our local communities. through the EVERFI Achieve Adult Financial Education program.

The courses available through this partnership will educate students and adults on important topics essential to leading independent and financially healthy lives. These initiatives are achieved through an interactive learning experience. This interactive learning experience includes lessons on the following topics:

Pinnacle Bankshares Corporation (OTCQX: PPBN) is a locally managed community banking organization based in Central Virginia. First National Bank’s single-bank holding company serves an area consisting primarily of all or parts of Amherst, Bedford, Campbell, and Pittsylvania counties, and the cities of Charlottesville, Danville, and Lynchburg. The Company has a total of eighteen branches, two of which are located in the City of Altavista in Campbell County, where the Bank was founded, a branch in Town of Amherst in Amherst County, two branches Bedford Countya branch in Town of Chatham in Pittsylvania County, three additional branches Campbell Countythree branches in the City of Danvillethree branches in the City of Lynchburgtwo additional branches at Pittsylvania County and a branch in City of Charlottesville. First National Bank is in its 114th year of operation.

Blackbaud’s EVERFI (NASDAQ: BLKB) is a global technology company that drives social impact through education to solve the toughest problems affecting society, ranging from financial well-being to mental health to conduct at work and other critical topics. Founded in 2008, EVERFI’s Impact-as-a-Service™ solution and digital educational content has reached over 45 million learners worldwide. In 2020, the company was recognized as one of the most innovative companies in the world by fast company and was featured on Fortune Magazine Impact 20 list. The company was also named a 2021 GSV EdTech 150, a list of the most transformative growth companies in digital learning. Blackbaud, the global leader in cloud software for social good, acquired EVERFI in December 2021.

CONTACT: Pinnacle Bankshares Corporation, Bryan M. Lemley, 434-477-5882 or [email protected]

Louis R. Hancock