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Key Milestones 2008 January 17, 2008 Pinnacle reports $3.8 billion in total assets, up $1.66 billion from $2.14 billion reported in fourth quarter of 2006. Fully diluted earnings per share were $0.33 for the quarter ended Dec. 31, 2007, compared to $0.34 per fully diluted share for the quarter ended Dec. 31, 2006. Excluding merger expenses associated with its recent acquisition of Mid-America consummated on Nov. 30, 2007, fully diluted earnings per share were $0.35 for fourth quarter 2007. Net income for the quarter was $6.2 million, up 10.6 percent over fourth quarter 2006 net income of $5.6 million. Loan growth, at $155 million, set a new record.2007 December 17, 2007 Pinnacle opens a new office in the Hermitage area in the Nashville-Davidson-Murfreesboro-Franklin MSA.November 30, 2007 Pinnacle closes on its merger with Mid-America Bancshares Inc., parent of Middle Tennessee’s PrimeTrust Bank and Bank of the South. The transaction makes Pinnacle Tennessee’s second-largest bank holding company with $3.7 billion in assets and 33 offices in attractive Middle Tennessee markets.October 16, 2007 Pinnacle reports $2.37 billion in total assets, up $316 million, or 15.4 percent, from the $2.05 billion reported in third quarter of 2006. Fully diluted earnings per share were $0.35 for the quarter ended September 30, 2007, compared to $0.32 per fully diluted share for the quarter ended September 30, 2006, which included the impact of $0.01 of merger-related expenses associated with the Cavalry Bancorp Inc. acquisition consummated on March 15, 2006. Net income for the third quarter was $5.77 million, up 7.9 percent from the same time last year. /p> October 12, 2007 Federal Deposit Insurance Corporation (FDIC) market share data reveals Pinnacle grew market share and total deposits faster than its four larger regional competitors in the Nashville-Davidson-Murfreesboro-Franklin MSA in the past year. Pinnacle maintained the top spot in Rutherford County and increased its share there from 25.07 percent last year to 25.58 percent this year.October 2, 2007 Pinnacle celebrated the grand opening of its main Knoxville office. The office, located at the Landmark Center at 1111 Northshore Dr., is the first of five full-service offices Pinnacle plans to open in Knoxville by the end of 2010.September 17, 2007 Pinnacle was the only financial services institution named to Fortune magazine’s 100 Fastest-Growing Companies in America. Qualifying companies are ranked based on growth in earnings per share, revenue and total return, among other requirements.August 15, 2007 Pinnacle announces a definitive agreement to acquire Mid-America Bancshares Inc., a recently formed $1.1 billion holding company for two high-growth Nashville community banks: Prime Trust Bank and Bank of the South. When completed in fourth quarter 2007 or first quarter 2008, the combined company will have projected assets of nearly $4 billion and 31 offices in nine counties, including three high-growth counties new to the Pinnacle footprint. May 17, 2007 Pinnacle announced the 29-story office tower planned for Third Avenue across from the Schermerhorn Symphony Center will take the name "The Pinnacle at Symphony Place" when it opens in January 2010. Pinnacle signed a letter of intent, joining Nashville law firm Bass Berry & Sims, as a major tenant in the SoBro office tower. Pinnacle will lease approximately 5,000 square feet on the ground level for a full service financial center and an additional 60,000 square feet of office space. April 9, 2007 Pinnacle announces plans to expand to the Knoxville area with a main office in west Knoxville, pending regulatory approval. The full service office is scheduled to launch in summer 2007.Pinnacle plans to open a loan production office in north Knoxville by late summer. By the end of 2010, Pinnacle plans to have five full-service offices in Knoxville. March 15, 2007 Pinnacle opens a new office in the Donelson/Hermitage area of Davidson County, bringing total offices to 18.2006 November 15, 2006 Pinnacle commits $250,000 to help the very poor or disabled in Davidson and Rutherford Counties become home owners. The firm secured two Federal Home Loan Bank of Cincinnati grants and used $150,000 in fees waived by Hovde Financial Inc. in Pinnacle's merger with Cavalry Bancorp to create the funding to help build 10 new homes. Buyers will be people who would not normally be able to qualify for Habitat for Humanity homes. Pinnacle will provide each household $25,000 to help defray downpayment and construction costs. November 10, 2006 Pinnacle is named as the "Best Place to Work" among Middle Tennessee's large companies. This marks the fourth consecutive year Pinnacle received top honors in the annual Nashville Business Journal award program. October 13, 2006 Federal Deposit Insurance Corporation (FDIC) market share data reveals Pinnacle had the largest deposit share gain (2.6 percent) among financial institutions in the Nashville-Davidson-Murfreesboro MSA in the past year. Pinnacle's $1.5 billion in deposits ranked the firm fifth overall in the MSA (given the merger of Regions/AmSouth). Pinnacle also widened its lead as the top market share holder in Rutherford County, now with more than 25 percent of the market, compared to its closest competitor's 17 percent share. September 7, 2006 Pinnacle announced that it had completed the private placement of $20 million in trust preferred securities to provide regulatory capital to support Pinnacle's continued rapid growth. July 10, 2006 Based on its financial performance, Pinnacle was selected the only Tennessee company in a group of 34 small-cap banks nationally that make up the Sandler O'Neill and Partners 2006 Sm-All Stars. The designation put Pinnacle in an elite group selected from 573 small-cap banks and thrifts in the nation based on growth, profitability, credit quality and strength. March 15, 2006 Pinnacle announces it successfully completed its acquisition of Cavalry Bancorp, creating the largest financial services firm headquartered in Nashville and the second largest bank holding company in Tennessee. The acquisition put Pinnacle's assets at approximately $1.8 billion. 2005 December 21, 2005 Pinnacle's shareholders approve the firm's planned acquisition of Cavalry Bancorp. Cavalry's shareholders approve the acquisition the next day. December 14, 2005 Pinnacle receives the Federal Home Loan Bank of Cincinnati (FHLB) 2005 Community Partnership Award for affordable housing and community investment. FHLB presents the award annually to one of the 740 FHLB members in its fifth district, which includes Tennessee, Kentucky and Ohio. November 18, 2005 Pinnacle is named as the "Best Place to Work" among Middle Tennessee's large companies. This marks the third consecutive year Pinnacle received top honors in the annual Nashville Business Journal award program. October 24, 2005 Pinnacle announces it is in the site selection process for its ninth office to be located in the Donelson/Hermitage area. The office is projected to open mid-2006. October 3, 2005 Pinnacle announces a definitive agreement to acquire Cavalry Bancorp, a $605 million institution with 22 percent market share in Rutherford County, one of the fastest growing counties in Tennessee in population and the top growth county in the nation in annual job creation. When completed in first quarter 2006, the combined company will be the second largest bank holding company headquartered in Tennessee, with $1.6 billion in assets and 17 offices in the best trade areas in Middle Tennessee. September 15, 2005 Pinnacle completes the private placement of $20 million in trust preferred securities. The proceeds are expected to be contributed to the capital of Pinnacle National Bank. July 1, 2005 Pinnacle is added to the Russell 2000 Index, which is part of the larger Russell 3000 Index. The Russell 3000 includes the 3,000 largest U.S. stocks and represents about 98 percent of the U.S. stock market. The Russell 2000 is made up of the 2,000 smallest companies in the Russell 3000 Index. Russell determines membership for its equity indexes primarily by objective, market capitalization rankings and style attributes. June 30, 2005 Pinnacle moves into the top 10 in market share in the most recent ranking of financial institutions' market share in the Nashville-Davidson-Murfreesboro MSA, based on deposit data from the FDIC. Pinnacle ranked ninth of all financial institutions in the MSA. July 1, 2005 Pinnacle opens its eighth office located at 270 East Main Street in Hendersonville. The Hendersonville location is one of two Pinnacle offices located northeast of Nashville's central business district. The other is on Conference Drive in the Rivergate area. April 11, 2005 Pinnacle launched an enhancement project to the firm's suite of treasury management products and services designed for Nashville's commercial clients. The company set goal a of being the best provider of treasury management services in Nashville. February 17, 2005 Pinnacle announces it will build an eighth office at 270 East Main Street in Hendersonville. The office, Pinnacle's second location northeast of Nashville's central business district, is slated to open in mid-2005. January 18, 2005 Pinnacle opens its new Franklin office, marking the firm's seventh office in the Nashville MSA. The new facility is Pinnacle's third office in Williamson County, which has the highest per capita income and one of the highest growth rates of all Tennessee counties. Pinnacle anticipates opening another three offices in 2005 and 2006, bringing its total number of locations in the Nashville MSA to 11. 2004 November 18, 2004 Pinnacle is named as the "Best Place to Work" among Middle Tennessee's large companies. This marks the second year Pinnacle received top honors in the annual Nashville Business Journal award program. September 30, 2004 Pinnacle opens its sixth office located on West End Avenue in Nashville. August 31, 2004 Pinnacle announces that Raymond James and Associates has exercised its option to purchase 127,500 additional shares of Pinnacle common stock to cover over-allotments. The option raises an additional $2.4 million in net proceeds, bringing the total net proceeds to $18.2 million. August 20, 2004 Pinnacle announces that it has agreed to sell 850,000 shares of its common stock at $20 per share in a public offering underwritten by Raymond James and Associates, Inc. The offering raises net proceeds of $15.8 million. August 6, 2004 Pinnacle files a registration statement for the sale of 850,000 shares of common stock with the Securities and Exchange Commission. July 7, 2004 Pinnacle announces creation of a medical practice banking group designed to provide specialized services to Nashville's medical community. June 24, 2004 Pinnacle announces plans to build seventh location, its third Williamson County office, slated to open in late December or early 2005 in Franklin. June 10, 2004 Investment research firm Raymond James, a national leader in financial services research, initiates coverage of Pinnacle. April 21, 2004 Pinnacle announces a 2:1 stock split. January 15, 2004 Howe Barnes Investments of Chicago chooses Pinnacle as one of its top three stock picks for 2004. 2003 December 30, 2003 Pinnacle completes the issuance of $10 million in trust-preferred securities to raise capital to support its core growth objectives. December 17, 2003 Pinnacle announces prime West End location for sixth office, scheduled to open in mid-2004. November 21, 2003 Pinnacle is named the "Best Place to Work" among mid-sized businesses in a Nashville Business Journal poll of Nashville-area companies. November 13, 2003 Investment research firm Howe Barnes, a national leader in financial services research, initiates coverage of Pinnacle. September 19, 2003 Pinnacle opens its fifth office, on 7040 Carothers Parkway in Cool Springs. July 6, 2003 Investment research firm FTN Midwest Research, a national leader in financial services research, initiates coverage of Pinnacle. June 30, 2003 FDIC call report data documents Pinnacle as the fastest growing of the 185 commercial banks chartered in the U.S. during 2000 with $400 million in assets as of June 30, 2003. May 15, 2003 Pinnacle releases results of its first issue of Nashville's Economic Index. The survey, in partnership with Vanderbilt MBA program at Owen Business School , polls top 100+ local business leaders on the local economy. April 15, 2003 Pinnacle announces the creation of its wealth management practice to advise clients in the accumulation, protection and distribution of wealth. April 7, 2003 Pinnacle Rivergate opens for business at 847 Conference Drive, Goodlettsville, Tenn. March 7, 2003 Pinnacle announces plans for a fifth office to be located at 7040 Carothers Parkway in the Cool Springs area of Williamson County to open in the fall or winter of 2003. March 3, 2003 Investment research firm Legg Mason, a national leader in financial services research, initiates coverage of Pinnacle. January 29, 2003 Pinnacle announces the addition of a residential mortgage origination unit to its full array of banking, investment and insurance services. 2002 December 4, 2002 Investment research firm SunTrust Robinson Humphrey, a national leader in financial services research, initiates coverage of Pinnacle. October 7, 2002 Investment research firm McDonald Investments, a national leader in financial services research, initiates coverage of Pinnacle. October 4, 2002 Pinnacle announces it will build a fourth office at 847 Conference Drive , Goodlettsville, in the Rivergate area. August 14, 2002 Pinnacle announces its common stock will move to the Nasdaq National Market index. August 1, 2002 The sale of Bank of Nashville to Synovus makes Pinnacle the largest bank headquartered in Nashville / Davidson County. June 24, 2002 Pinnacle announces that Trident Securities, a division of McDonald Investments Inc., has exercised its option to purchase 180,000 additional shares of Pinnacle common stock to cover over-allotments. The option raises an additional $1.7 million in net proceeds, bringing the total net proceeds to $12.8 million. June 11, 2002 Pinnacle announces that it has agreed to sell 1,200,000 shares of its common stock at $10.25 per share in a public offering underwritten by Trident Securities, a division of McDonald Investments, Inc. The size of the offering is increased by 20% from 1,000,000 shares to 1,200,000 shares based on market demand. The offering raises net proceeds of $11.1 million. May 28, 2002 Pinnacle announces its common stock will begin trading on the Nasdaq SmallCap Market SM under the ticker symbol "PNFP". May 9, 2002 Pinnacle files a registration statement for the sale of 1,000,000 shares of common stock with the Securities and Exchange Commission. 2001 October 1, 2001 Pinnacle announces that it has completed the private placement of $3.6 million of company common stock - 402,000 shares at a price of $9 per share. September 4, 2001 Pinnacle opens Green Hills office at 2307 Crestmoor Road. June 27, 2001 Pinnacle names Greg Burns, Chairman and CEO of O'Charley's, Inc., and Linda Rebrovick, Executive Vice President and Chief Marketing Officer for BearingPoint, Inc. (formerly KPMG Consulting, Inc.) to its Board of Directors. 2000 November 30, 2000 Pinnacle opens Williamson County office at 7029 Church Street East in Brentwood, TN and posts first quarterly results. October 27, 2000 Pinnacle Financial Partners opens for business at 211 Commerce Street. October 13, 2000 Pinnacle receives final approval from the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) and announces opening for business October 27. September 26, 2000 Pinnacle receives deposit insurance approval from the Federal Deposit Insurance Corporation ( FDIC). August 23, 2000 1,875,000 shares of Pinnacle common stock issued in conjunction with the company's initial public offering raises $18.8 million, the largest de-novo capitalization for a national bank in Tennessee. July 26, 2000 Pinnacle receives preliminary approval from the Office of the Comptroller of the Currency (OCC) for a national bank charter for Pinnacle National Bank, allowing the firm to submit an application to the Federal Reserve Board to become a bank holding company. March 30, 2000Organizers file an application with the OCC and the Federal Deposit Insurance Corporation (FDIC) for a new national bank to be headquartered in Nashville. Pinnacle Financial Partners is selected as the name of the firm. Pinnacle announces its Board of Directors and two additions to the organizing group, Linda Rebrovick, Executive Vice President and Chief Marketing Officer of BearingPoint, Inc. (formerly KPMG Consulting, Inc.), and John E. Maupin, President of Meharry Medical College. The Board of Directors includes:
February 20, 2000 Twelve prominent Nashville business leaders, including five former First American executives, announce plans to organize a new, locally-owned financial services firm. Among the founders are five former First American executives: Pinnacle President and CEO Terry Turner; Chairman Rob McCabe; Chief Administrative Officer Hugh Queener; and founders Dale W. Polley and Robert E. McNeilly, Jr. Additional founders include Sue G. Atkinson, Colleen Conway-Welch, John W. Eakin, David Ingram, Clay T. Jackson, James L. Shaub II and Reese L. Smith III.
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Pinnacle National Bank, Member FDIC. Equal Housing Lender. Visit the FDIC website.
Pinnacle National Bank is regulated by the Office of the Comptroller of
the Currency (OCC). Visit the OCC website.
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