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.
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