Ex-ECD chief named to Pinnacle board

Private-equity veteran is second recent addition
Jul 23, 2015 7:04 AM

Pinnacle Q2 up 32%, CapStar up 79%

CRE loans, mortgages help power local lenders
Jul 22, 2015 7:29 AM

Regulators approve Pinnacle merger plans

Pinnacle Financial Partners has received the go-ahead from federal and state regulators for its plans to merge with CapitalMark Bank & Trust in Chattanooga and Magna Bank in Memphis.

According to a release, if shareholders give their approval and other conditions are met, the Nashville-based financial company will have a presence in Tennessee’s four largest cities.

Shareholder meetings for CapitalMark and Magna are scheduled later this month and the mergers are expected to become effective during the third quarter of the year. Pinnacle announced Monday that both the Tennessee Department of Financial Institutions and the Federal Deposit Insurance Corp. have approved the move, which grows Pinnacle’s asset base to more than $8 billion.

"This is a significant milestone for all of us at Pinnacle," Terry Turner, Pinnacle president and chief executive officer, said in the release. "We believe all of our constituencies will benefit from these mergers — associates, clients, communities and shareholders."

Pinnacle is the largest bank holding company headquartered in Nashville, with 29 offices in eight Middle Tennessee counties and five offices in Knoxville.

CapitalMark is a full-service commercial bank with four private client offices in Chattanooga, Cleveland, Knoxville and Oak Ridge. Magna Bank is a community bank based in Memphis.

Jul 7, 2015 12:24 PM

Analyst action: Pinnacle

Raymond James analysts have downgraded shares of Pinnacle Financial Partners to ‘market perform’ from ‘outperform.’

In late-morning trading, shares of the Nashville-based company (Ticker: PNFP) were down $1.74 to $53.30.

Jul 2, 2015 11:30 AM

Pinnacle adds to Memphis team

Bank expect to wrap up Magna acquisition late this year
Jun 24, 2015 2:45 PM

First Advantage hires treasury management exec

First Tennessee, Pinnacle veteran moves from Knoxville
Jun 22, 2015 2:41 PM

Knoxville CPA firm boss joins Pinnacle board

Exec appointed to audit committee
Jun 19, 2015 7:06 AM

Pinnacle taps industry pro with local background as SVP in East Tennessee

Ex-First Tennessee exec will be based in Blount County
Jun 9, 2015 1:31 PM

Community Healthcare Trust finalizes credit line

$75M facility could more than double; execs past halfway in 35-site acquisition spree
Jun 5, 2015 7:08 AM

Pinnacle trims size of planned debt raise

The leaders of Pinnacle Financial Partners expect to issue $50 million in debt to help finance the acquisitions of CapitalMark Bank & Trust in Chattanooga and Magna Bank in Memphis as well as pay off its loan with U.S. Bank. That number is down from two weeks ago, when bank execs said they had started talks about issuing up to $60 million in subordinated debt.

Also of note from Pinnacle's latest filing: President and CEO Terry Turner first talked about a deal with CapitalMark boss Craig Holley way back in February of last year. But it took until early this year — starting with word that CapitalMark's 2014's profits would fall short of previous estimates — for the conversation to get down to terms and price. (Search for "February 10" to follow the timeline.)

Jun 3, 2015 10:22 AM