News Releases
Pinnacle Financial Partners Announces Pricing of $120 Million Offering of Non-Cumulative Perpetual Preferred Stock Depositary Shares
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) (“Pinnacle Financial”) today announced that it has priced an underwritten public offering of 4,800,000 depositary shares (the “depositary shares”) each representing a 1/40th interest in a share of 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share).
Pinnacle Loans $70 Million to Western Virginia Companies in the Paycheck Protection Program
Pinnacle Financial Partners has made $69.3 million in loans for companies in the Roanoke and Lynchburg areas through the Small Business Administration’s Paycheck Protection Program (PPP). This figure represents 347 local businesses and nonprofits that received emergency funding to pay their employees and essential bills during the ongoing COVID-19 pandemic.
Pinnacle Loans $188.6 Million to Chattanooga-area Companies in the Paycheck Protection Program
Pinnacle Financial Partners has made $188.6 million in loans for companies in the Chattanooga area through the Small Business Administration’s Paycheck Protection Program (PPP). This figure represents 1,009 local businesses that received emergency funding to pay their employees and essential bills during the ongoing COVID-19 pandemic.
Pinnacle Loans $101.3 Million to Memphis-area Companies in the Paycheck Protection Program
Pinnacle Financial Partners has made $101.3 million in loans for companies in the Memphis area through the Small Business Administration’s Paycheck Protection Program (PPP). This figure represents 514 local businesses that received emergency funding to pay their employees and essential bills during the ongoing COVID-19 pandemic.
Pinnacle Loans $34.5 Million to Upstate Companies in the Paycheck Protection Program
Pinnacle Financial Partners has made more than $34.5 million in loans for Upstate-area companies through the Small Business Administration’s Paycheck Protection Program (PPP). This figure represents 341 local businesses that received emergency funding to pay their employees and essential bills during the ongoing COVID-19 pandemic.
Pinnacle Loans $42.7 Million to Atlanta Companies in the Paycheck Protection Program
Pinnacle Financial Partners has made $42.7 million in loans for companies in Atlanta through the Small Business Administration’s Paycheck Protection Program (PPP). This figure represents 86 local businesses that received emergency funding to pay their employees and essential bills during the ongoing COVID-19 pandemic.
Pinnacle Loans $232.5 Million to Knoxville-area Companies in the Paycheck Protection Program
Pinnacle Financial Partners has made $232.5 million in loans for companies in the Knoxville area through the Small Business Administration’s Paycheck Protection Program (PPP). This figure represents 987 local businesses that received emergency funding to pay their employees and essential bills during the ongoing COVID-19 pandemic.
Pinnacle Loans $107.2 Million to Coastal South Carolina Companies in the Paycheck Protection Program
Pinnacle Financial Partners has made more than $107.2 million in loans for companies on the South Carolina coast through the Small Business Administration’s Paycheck Protection Program (PPP). This figure represents 957 local businesses that received emergency funding to pay their employees and essential bills during the ongoing COVID-19 pandemic.
Pinnacle Loans $182.8 Million to Charlotte-area Companies in the Paycheck Protection Program
Pinnacle Financial Partners has made more than $182.8 million in loans for Charlotte-area companies through the Small Business Administration’s Paycheck Protection Program (PPP). This figure represents 1,188 local businesses that received emergency funding to pay their employees and essential bills during the ongoing COVID-19 pandemic.
Pinnacle Loans $92.8 Million to Triangle-area Companies in the Paycheck Protction Program
Pinnacle Financial Partners has made more than $92.8 million in loans for Triangle-area companies through the Small Business Administration’s Paycheck Protection Program (PPP). This figure represents 616 local businesses in Raleigh, Durham, Chapel Hill and surrounding communities that received emergency funding to pay their employees and essential bills during the ongoing COVID-19 pandemic.
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