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Front Page - Friday, March 25, 2016

CapitalMark Bank & Trust takes Pinnacle name

From L-R: R. Craig Holley, Chattanooga chairman of Pinnace Financial Partners; Ryan Murphy, senior vice president and area manager – client services; and Kenneth C. Dyer III, Chattanooga president. - (Photo by David Laprad)

CapitalMark Bank & Trust changed its name and identity to Pinnacle Financial Partners last week in a sign unveiling event at its Chattanooga office.

CapitalMark was merged with Pinnacle on July 31, 2015, giving the firm a presence in three additional East Tennessee counties. CapitalMark had continued to operate under its brand until the systems and operations of the companies were completely integrated with Pinnacle.

Clients from both firms will enjoy more benefits as a result of the integration, including the convenience of accessing 43 offices in Tennessee’s four urban markets – Nashville, Knoxville, Memphis and Chattanooga.

“This is a significant milestone in our history. Teams from both organizations have worked tirelessly to lead the complex process of integrating client and internal systems and communicating with everyone affected,” said M. Terry Turner, president and CEO of Pinnacle Financial Partners. “From the onset, we aspired to operate in all of Tennessee’s urban markets, and now we’ve realized that dream.”

Pinnacle and CapitalMark announced the intent to merge on April 7, 2015. The transaction closed less than four months later on July 31, 2015, when CapitalMark merged with Pinnacle Bank.

Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage, and insurance products and services. The American Banker recognized Pinnacle as the third best bank to work for in the country in 2015.

The firm began operations in a single downtown Nashville location in October 2000 and has since grown to more than $8.7 billion in assets. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in the state’s four largest markets, Nashville, Memphis, Knoxville and Chattanooga, as well as several surrounding counties.

Additional information concerning Pinnacle, which is included in the NASDAQ Financial-100 Index, can be accessed at www.pnfp.com.

Source: Pinnacle