Pinnacle Financial Partners

Pinnacle Financial Partners
Public
Traded as
Industry Finance
Founded February 20, 2000 (2000-02-20)
Founder M. Terry Turner, Rob McCabe, Hugh Queener
Headquarters The Pinnacle at Symphony Place
Nashville, Tennessee, U.S.
Number of locations
 115 (2017)
Areas served
 Tennessee, North Carolina, South Carolina, Virginia
Key people
 M. Terry Turner (CEO)
Services Financial services
Increase US$39,653,047 (2017)
Total assets Increase US$22,205,699,847 (2017)
Number of employees
 2,278
Website pnfp.com

Pinnacle Financial Partners is a bank headquartered in Nashville, Tennessee operating in Middle Tennessee, East Tennessee, and, since June 2017, North Carolina, South Carolina, and Virginia.[1]

History

The company was founded on February 20, 2000 by twelve Nashville businessmen who wished to create a locally-owned financial firm. In May 2002 the company went public on the NASDAQ with the symbol PNFP. Pinnacle gained naming rights for a new skyscraper in Downtown Nashville, The Pinnacle at Symphony Place, and the company leased 65,000 square feet (6,000 m2) in the building, moving in in 2010.[2]

On January 22, 2017, Pinnacle announced it was acquiring BNC Bank of High Point, North Carolina, which has branches in North Carolina, South Carolina and Virginia. The deal, worth $1.9 billion and completed June 16, 2017, gives Pinnacle operations in four states.[3][4]

Pinnacle Financial Partners currently (as of Dec. 31st 2017) has approximately $22.2 billion USD[5] in assets and has 115 offices.

References

  1. ↑ Pinnacle Financial Partners | Corporate Fact Sheets
  2. ↑ Pinnacle Financial Partners | Milestones
  3. ↑ Gallagher, Ron (January 23, 2017). "Bank of North Carolina acquired by Tenn.-based Pinnacle Bank". News & Observer. Retrieved January 23, 2017.
  4. ↑ Craver, Richard (June 16, 2017). "Nashville bank completes $1.9 billion purchase of BNC Bancorp". Winston-Salem Journal. Retrieved June 29, 2017.
  5. ↑ "Pinnacle Financial Highlights". Retrieved 02/8/2018. Check date values in: |access-date= (help)
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