Pinnacle and CapitalMark Bank & Trust have completed the legal aspects of their merger. CapitalMark will operate as a division of Pinnacle Bank until March 2016 when both firms anticipate combining their operations.
Shareholders of Magna Bank voted overwhelmingly in favor of the proposed merger of Magna with Pinnacle Bank, a wholly owned subsidiary of Pinnacle Financial Partners, Inc.
Pinnacle Bank intends to use the net proceeds in connection with its proposed acquisitions of Magna Bank in Memphis and CapitalMark Bank and Trust in Chattanooga and for other general corporate purposes.
Shareholders of CapitalMark Bank & Trust yesterday voted overwhelmingly in favor of the proposed merger of CapitalMark with Pinnacle Bank.
Pinnacle Financial Partners Inc. (Nasdaq/NGS: PNFP) today announced that members of its management will participate in the KBW 2015 Community Bank Investor Conference in New York on Wednesday, July 29, 2015.
Pinnacle announced today that Bill Hagerty, co-founder and managing director of private equity investment firm Hagerty Peterson & Company, has been elected to its board of directors.
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $0.64 for the quarter ended June 30, 2015, compared to net income per diluted common share of $0.49 for the quarter ended June 30, 2014, an increase of 30.6 percent.
Pinnacle today announced it will release its second quarter 2015 financial results on Tuesday, July 21, 2015, after the stock market closes. It will also host a live webcast on Wednesday, July 22, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters.
Pinnacle announced today that it has received approvals of its applications to merge with CapitalMark Bank & Trust in Chattanooga, TN and Magna Bank in Memphis, TN from both the Tennessee Department of Financial Institutions and the Federal Deposit Insurance Corporation.
Rick Neal, Richard Harris and Nicole Pickens have joined Pinnacle Financial Partners in Memphis. The trio will join the eight financial services professionals who launched Pinnacle’s expansion to the market in April.