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.
Pinnacle and BNC Bancorp today jointly announced the signing of a definitive agreement pursuant to which BNC will merge with and into Pinnacle in an all-stock transaction.
Pinnacle and Memphis nonprofit The Works, Inc. have formed a new partnership to enable low- and moderate-income individuals and families to enter into homeownership for the first time. Pinnacle is funding a loan pool of $500,000 intended to help with the purchase of low-cost homes that may otherwise go unoccupied.
Pinnacle reported net income per diluted common share of $0.78 for the quarter ended Dec. 31, 2016, compared to net income per diluted common share of $0.65 for the quarter ended Dec. 31, 2015, an increase of 20.0 percent. Excluding pre-tax merger-related charges of $3.3 million and $11.7 million for the three months and year ended Dec. 31, 2016, respectively, net income per diluted common share was $0.83 and $3.07, respectively.
Pinnacle will release its fourth quarter 2016 financial results on Tuesday, Jan. 17, 2017, after the stock market closes and will host a live webcast on Wednesday, Jan. 18, at 8:30 a.m. C.T
Financial services research firm Greenwich Associates named Pinnacle a 2016 Greenwich Best Brand Award winner for small business banking based on trust and ease of doing business.
Pinnacle Contributes $25,000 to Support Gatlinburg, Pigeon Forge and Sevierville Emergency Response Fund
Pinnacle has contributed $25,000 to the Community Foundation of Middle Tennessee to help with immediate and ongoing needs of those affected by the Smoky Mountain wildfires.
Pinnacle will open its 29th Middle Tennessee full-service banking location in HCA’s new 16-story tower at 1100 Charlotte in the Capitol View development.