Pinnacle Financial Partners, Inc. completed its previously announced acquisition of Avenue Financial Holdings, Inc. today. In connection with the merger of Avenue with and into Pinnacle, Avenue Bank, Avenue’s wholly owned bank subsidiary, merged with and into Pinnacle Bank, Pinnacle’s wholly owned bank subsidiary.
Avenue Financial Holdings, Inc. announced that its shareholders approved the proposed merger with Pinnacle Financial Partners, Inc. at its special shareholders’ meeting held today.
Pinnacle announced today that it has received approvals of its applications to merge with Avenue Financial Holdings, Inc. from both the Tennessee Department of Financial Institutions and the Federal Deposit Insurance Corporation.
Pinnacle announced that its Board of Directors has approved a $0.14 per share cash dividend to be paid on May 27, 2016 to common shareholders of record as of the close of business on May 6, 2016.
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $0.68 for the quarter ended March 31, 2016, compared to net income per diluted common share of $0.62 for the quarter ended March 31, 2015, an increase of 9.7 percent.
Pinnacle will release its first quarter 2016 financial results on Monday, April 18, 2016, after the stock market closes. It will also host a live webcast on Tuesday, April 19, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters,
Pinnacle Financial Partners has invested $1 million in United Housing’s loan pool that will be used to finance first mortgages, make home-improvement loans and renovate properties for sale to low-income individuals.
Financial services research firm Greenwich Associates named Pinnacle Financial Partners a 2015 Greenwich Excellence Award winner for distinguished service in five categories.
CapitalMark Bank & Trust changed its name and identity to Pinnacle Financial Partners today in sign unveiling events at its Chattanooga, Cleveland and Oak Ridge offices.
Pinnacle announced that on March 1, 2016, Pinnacle and its subsidiary, Pinnacle Bank, completed the previously announced purchase of an additional 19 percent interest in Bankers Healthcare Group, Inc. (“BHG”) for $114 million.