Pinnacle's Board of Directors approved a $0.14 per share cash dividend to be paid on May 26, 2017 to common shareholders of record as of the close of business on May 5, 2017.
Pinnacle reported net income per diluted common share of $0.82 for the quarter ended March 31, 2017.
Pinnacle and BNC Bancorp announced that Pinnacle has received approvals of its applications to merge with BNC from the Federal Reserve Bank of Atlanta, the Tennessee Department of Financial Institutions and the North Carolina Office of the Commissioner of Banks.
Pinnacle plans to release its first quarter 2017 financial results on Monday, April 17, 2017, after the stock market closes.
The 2017 “50 Companies That Care” were selected based on the generosity of their benefits and charitable work, as well as personal accounts of the impact these organizations have made on the lives of their employees.
Great Place to Work® and Fortune Name Pinnacle One of the Best Workplaces in Financial Services and Insurance
The ranking is based on surveys of more than 62,000 employees from leading financial firms. An average of 98 percent of employees at these companies say they enjoy a psychologically healthy workplace, with a similar share describing their organizations as friendly.
Pinnacle landed at No. 34 on the 2017 list, which is based on employee ratings of workplace culture, including the level of trust they feel toward leaders, the pride they take in their jobs and the camaraderie they experience with co-workers.
In all, Pinnacle won eight awards including a sweep in the South region, where it won in every category for small business banking.
Pinnacle today announced that it has priced its underwritten public offering of 2,800,000 shares of its common stock at a price of $62.50 per share for aggregate gross proceeds of $175 million.
Pinnacle today announced a proposed underwritten public offering of shares of its common stock to raise aggregate gross proceeds of $175,000,000.