Company Overview of Pinnacle Bank (Nashville TN)
Pinnacle Bank (Nashville TN) provides commercial banking and depository services in the United States. The company offers deposit products, such as savings, checking, interest-bearing checking, money market, and certificate of deposit accounts. It also offers various loans, such as commercial, real estate, consumer, personal, investment, residential, mortgage, and home equity. The company offers its products and services to households, small businesses, and medium sized businesses. The company was formerly known as Pinnacle National Bank and changed its name to Pinnacle Bank (Nashville TN) in September, 2012. The company was founded in 2000 and is based in Nashville, Tennessee with additiona...
150 Third Avenue South
Nashville, TN 37201
Founded in 2000
Key Executives for Pinnacle Bank (Nashville TN)
Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Chief Financial officer of Pinnacle Financial Partners, Inc and Executive Vice President of Pinnacle Financial Partners, Inc
Chief Administration Officer, Executive Vice President and Corporate Secretary
Compensation as of Fiscal Year 2015.
Pinnacle Bank (Nashville TN) Key Developments
Pinnacle Bank Announces Pricing of Private Offering of Bank-Issued Subordinated Notes
Jul 27 15
Pinnacle Financial Partners Inc. announced that its subsidiary, Pinnacle Bank, has priced the issuance, through a private placement, of $60 million in aggregate principal amount of subordinated notes due 2025 to certain institutional accredited investors. The subordinated notes will bear a fixed interest rate of 4.875% per annum until July 30, 2020, payable semi-annually in arrears. From July 30, 2020, the subordinated notes will bear a floating rate of interest equal to 3-Month LIBOR + 3.128% per annum until the notes mature on July 30, 2025, or such earlier redemption date, payable quarterly in arrears. The notes will be redeemable by Pinnacle Bank, in whole or in part, on or after July 30, 2020 or upon the occurrence of certain specified tax events, capital events or investment company events. The notes will not be subject to redemption at the option of the holders. Pinnacle estimates that the net proceeds from the sale of the notes will be approximately $59.1 million, and the notes are expected to qualify initially as Tier 2 capital for regulatory purposes. 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.
Pinnacle Bank Appoints Renda Burkhart to the Audit Committee of the Board and Trust Committee of the Board of Directors
Jun 18 15
Pinnacle Bank announced that Renda Burkhart has been appointed to the Audit Committee of the Board and the Trust Committee of the board of directors of the bank.
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