A PYMNTS Company

US: Pinnacle competes purchase of CapitalMark Bank

 |  August 3, 2015

Pinnacle Financial Partners, Inc. today announced that it has completed its previously announced acquisition of CapitalMark Bank & Trust in Chattanooga.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Pinnacle will paid about $200 million in cash and stock to buy CapitalMark, one of the fastest growing and biggest home grown banks in Chattanooga. Based on financial information as of June 30, 2015, on a pro forma basis, the combined company has total assets of $7.6 billion with 37 offices in 12 Tennessee counties.

    “We look forward to our continued participation in the high growth that Chattanooga is enjoying,” Pinnacle CEO M. Terry Turner said in a statement today.

    Full content: Memphis Business Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.