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As of 4:30 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

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pinnacle bank of oregon (PNNB) Details

Pinnacle Bank of Oregon (Beaverton) was founded in 2002 and is based in Beaverton, Oregon.

Founded in 2002

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pinnacle bank of oregon (PNNB) Key Developments

Berger & Montague Says Justice Dept. Joins Whistleblower Lawsuit against Pinnacle Bank

The Justice Department announced that the United States has joined a whistleblower lawsuit against Pinnacle Bank. The company said that the lawsuit was filed by a whistleblower represented by Shauna Itri and Dan Miller of Berger & Montague, P.C. Also representing the whistleblower is Stephen Simonton, of Stephen L. Simonton, P.C., a Cody, Wyoming, law firm. The lawsuit was filed under the qui tam, or whistleblower provisions of the False Claims Act, which provides an opportunity for private parties to bring a lawsuit on behalf of the United States if they have some knowledge of fraud committed against the government. The private parties are entitled to receive a share of any funds recovered through the lawsuit. The False Claims Act authorizes the United States to intervene in such a lawsuit and take over primary responsibility for litigating it. According to the whistleblower's complaint, Pinnacle violated the False Claims Act by withholding material information from and making materially false statements to the Small Business Administration with regard to the funding of an SBA "504" loan. The SBA's 504 Loan Program offers small-businesses long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization.

Pinnacle Financial Partners Inc. and Pinnacle Bank Announce the Resignation of Wayne J. Riley as Director

On August 6, 2013, Pinnacle Financial Partners Inc. announced that it received a letter from Wayne J. Riley, M.D. notifying the company that Dr. Riley was resigning as a director of the company and its bank subsidiary, Pinnacle Bank, effective that date.


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