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Announcements:
MEDIA CONTACT: Vicki Kessler 615-320-7532 FINANCIAL CONTACT:
Harold Carpenter 615-744-3742 WEBSITE: www.pnfp.com
PINNACLE FINANCIAL TO PARTICIPATE IN SANDLER O'NEILL AND PARTNERS EAST COAST FINANCIAL SERVICES CONFERENCE
Nashville, Tenn., Nov. 6, 2007 Pinnacle Financial Partners Inc. (Nasdaq/NGS: PNFP) today said that its management will participate in the Sandler O'Neill and Partners East Coast Financial Services Conference in Naples, Fla. M. Terry Turner, president and chief executive officer, and Harold R. Carpenter, executive vice president and chief financial officer, will represent the company at the conference.
Pinnacle's investor presentation is scheduled to begin at 1:35 p.m. EST on Tuesday, Nov. 13, and will be available to investors via a live webcast. The presentation should last approximately 30 minutes. A link to the live webcast can be found at the company's website, http://www.pnfp.com/events. The event will be archived for replay for a period of 90 days.
Pinnacle Financial Partners provides a full range of banking, investment and insurance products and services designed for small- to mid-sized businesses and their owners, real estate professionals and individuals interested in a comprehensive relationship with their financial institution. Comprehensive wealth management services, such as financial planning and trust, help clients increase, protect and distribute their assets. The firm also has a well-established expertise in commercial real estate.
The firm began operations in a single downtown Nashville location in October 2000 and has since grown to $2.3 billion in assets. Earlier this year, Pinnacle launched an expansion into Knoxville, another high growth MSA. Pinnacle has also reached an agreement to acquire Mid-America Bancshares Inc. That acquisition will make Pinnacle the second largest bank holding company headquartered in Tennessee, with 31 offices in the Nashville area.
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Pinnacle Financial Partners, Inc. ("Pinnacle Financial") may from time to time make written or oral statements, including statements contained in this release which may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). The words "expect", "anticipate", "intend", "consider", "plan", "believe", "seek", "should", "estimate", and similar expressions are intended to identify such forward-looking statements, but other statements may constitute forward-looking statements. All forward-looking statements are subject to risks, uncertainties and other facts that may cause the actual results, performance or achievements of Pinnacle Financial to differ materially from any results expressed or implied by such forward-looking statements. Such factors include, without limitation, (i) unanticipated deterioration in the financial condition of borrowers resulting in significant increases in loan losses and provisions for those losses, (ii) the inability of Pinnacle Financial to continue to grow its loan portfolio at historic rates in the Nashville-Davidson-Murfreesboro-Franklin MSA or projected rates in the Knoxville MSA, (iii) increased competition with other financial institutions, (iv) lack of sustained growth in the economy in the Nashville-Davidson-Murfreesboro-Franklin MSA and the Knoxville MSA, (v) rapid fluctuations or unanticipated changes in interest rates, (vi) the inability of Pinnacle Financial to satisfy regulatory requirements for its expansion plans, (vii) the inability of Pinnacle Financial to execute its expansion plans and (viii) changes in the legislative and regulatory environment. Additionally, risk factors exist in connection with Pinnacle Financial's proposed merger with Mid-America Bancshares, Inc. ("Mid-America") including among others, (1) the risk that the cost savings and any revenue synergies from the merger may not be realized or take longer than anticipated, (2) disruption from the merger with customers, suppliers or employee relationships, (3) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (4) the risk of successful integration of the two companies' businesses, (5) the failure of Mid-America's or Pinnacle Financial's shareholders to approve the merger, (6) the amount of the costs, fees, expenses and charges related to the merger, and (7) the ability to obtain required governmental approvals of the proposed terms of the merger and anticipated schedule. A more detailed description of these and other risks is contained in Pinnacle Financial's most recent annual report on Form 10-K and quarterly reports on Form 10-Q. Many of such factors are beyond Pinnacle Financial's ability to control or predict, and readers are cautioned not to put undue reliance on such forward-looking statements. Pinnacle Financial disclaims any obligation to update or revise any forward-looking statements contained in this release, whether as a result of new information, future events or otherwise.
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