Pinnacle Financial Partners, Inc. completed its previously announced merger with Magna Bank today. The combined company has total assets of nearly $8.2 billion with 42 offices in 13 Tennessee counties.
Pinnacle Financial Partners has been named the No. 3 “Best Bank to Work For” in the country in 2015, marking the third year in a row the firm has earned a spot in the top three.
Pinnacle opened its Blount County office—its sixth in East Tennessee—today. Business hours for the temporary full-service office, located at 108 W. Church Ave. in Maryville, are 8:30 a.m. to 4 p.m. Monday through Friday.
Pinnacle Financial Partners clients who use the firm’s consumer credit or debit cards now can make purchases through Apple Pay. Pinnacle is in the first 15 percent of banks in the nation to offer their cards on the Apple Pay platform.
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.