$PNFP (Pinnacle Financial Partners Inc.)

$PNFP {{ '2016-07-01T13:33:39+0000' | timeago}} • Announcement

$PNFP said it completed its previously announced acquisition of $AVNU. In connection with the merger, Avenue's wholly owned bank subsidiary Avenue Bank merged with and into Pinnacle Bank, Pinnacle's wholly owned bank subsidiary.

$PNFP {{ '2017-06-16T13:27:38+0000' | timeago}} • Announcement

$PNFP closed its merger with BNC Bancorp. $PNFP will operate BNC Bank/Bank of North Carolina as a division of Pinnacle Bank until late 3Q17. BNC’s President and CEO Rick Callicutt is now $PNFP’s Chairman of the Carolinas and Virginia. The combined company has total assets of more than $20Bil, $14Bil in loans and $15Bil in deposits.

$RE {{ '2017-06-13T10:04:42+0000' | timeago}} • Announcement

S&P MidCap 400 constituent $RE will replace $MJN in the S&P 500, while S&P SmallCap 600 constituent $PNFP will replace $RE in the S&P MidCap 400. In turn, $AHH will replace $PNFP in the S&P SmallCap 600 index.

$PNFP {{ '2017-06-12T22:15:02+0000' | timeago}} • Announcement

$PNFP and $BNCN have received shareholder approval for their proposed merger. The transaction is expected to close in 2Q17. $BNCN’s bank subsidiary, Bank of North Carolina, and Pinnacle Bank are expected to merge immediately following the merger. A full brand change of all $BNCN offices and services is expected late in 3Q17.

$PNFP {{ '2017-04-19T12:55:20+0000' | timeago}} • Announcement

$PNFP's BoD has approved a $0.14 per share cash dividend. The dividend will be paid on May 26, 2017 to common shareholders of record as of the close of business on May 5, 2017.

$PNFP {{ '2017-04-17T22:18:25+0000' | timeago}} • Announcement

$PNFP reported a 20.6% increase in 1Q17 earnings. Net income was $39.6MM or $0.82 per share compared to $27.97MM or $0.68 per share in 1Q16. Revenues were $119.1MM, up 19.4% from last year.

$PNFP {{ '2017-04-06T20:58:31+0000' | timeago}} • Announcement

$PNFP received approvals of its applications to merge with $BNCN from the Federal Reserve Bank of Atlanta, the Tennessee Department of Financial Institutions and the North Carolina Office of the Commissioner of Banks. $PNFP sees that the merger of the holding companies and banks should become effective late in 2Q17 or early in 3Q17.

$PNFP {{ '2017-01-24T12:35:17+0000' | timeago}} • Announcement

$PNFP priced its underwritten public offering of 2.8MM common shares at $62.50 per share for aggregate gross proceeds of $175MM. In connection with the offering, $PNFP granted the underwriters a 30-day option to purchase up to an additional 420,000 shares of its common stock.

$PNFP {{ '2017-01-24T11:31:32+0000' | timeago}} • Announcement

$PNFP announced a proposed underwritten public offering of common shares to raise aggregate gross proceeds of $175MM. $PNFP plans to use proceeds to pay related fees and expenses; provide capital support for the growth of Pinnacle Bank, including in connection with its proposed acquisition of BNC Bancorp; and for other general corporate purposes.

$PNFP {{ '2017-01-23T14:30:35+0000' | timeago}} • Announcement

$PNFP will acquire $BNCN in an all-stock transaction. $BNCN shareholders will receive 0.5235 shares of $PNFP common stock for every $BNCN share. The transaction is valued at about $35.70 per share or $1.9Bil in aggregate and is expected to close in 3Q17. $PNFP expects the deal to be accretive to its 2018 EPS by about 10%.

$PNFP {{ '2017-01-17T23:02:10+0000' | timeago}} • Announcement

$PNFP's net interest income for 4Q16 rose to $89.4MM, compared to $71.5MM a year ago. However, the company's net interest margin was 3.72% for the quarter, down from 3.73% a year ago. Noninterest income for 4Q16 was $30.7MM, up from $26.6MM in 4Q15, helped by increase in the number of mortgage originators.

$PNFP {{ '2017-01-17T23:01:09+0000' | timeago}} • Announcement

Banking company $PNFP posted higher 4Q16 earnings, helped by higher revenue. Net income for the quarter rose 34.41% to $36.09MM or $0.78 per diluted share from $26.85MM or $0.65 per share a year ago. Revenue for the quarter was a record $120.2MM, up 22.5% over the same quarter a year ago.

$PNFP {{ '2016-11-10T16:06:00+0000' | timeago}} • Announcement

$PNFP priced the issuance, through a private placement, of $120.0MM in aggregate principal amount of subordinated notes due 2026 to certain institutional investors. The offering is anticipated to close on Nov. 16. The subordinated notes will be issued at 100% of principal amount and will bear a fixed interest rate of 5.25%er annum until Nov. 16.

$PNFP {{ '2016-07-01T13:43:36+0000' | timeago}} • Announcement

$PNFP said the acquisition, announced on Jan. 28, 2016, was concluded following the receipt of approval from $AVNU's shareholders and receipt of all required regulatory approvals. Based on financial information as of March 31, 2016, on a pro forma basis, the combined company has total assets of over $10.5Bil with offices in 14 Tennessee counties.

$PNFP {{ '2016-07-01T13:39:43+0000' | timeago}} • Announcement

$PNFP said following the closing of the merger, former $AVNU directors Marty Dickens, Joe Galante, and David Ingram were appointed to the company's board. Avenue Bank will operate as a division of Pinnacle Bank until Sept. 2016 when both firms anticipate combining their operations.

$PNFP {{ '2016-07-01T13:33:39+0000' | timeago}} • Announcement

$PNFP said it completed its previously announced acquisition of $AVNU. In connection with the merger, Avenue's wholly owned bank subsidiary Avenue Bank merged with and into Pinnacle Bank, Pinnacle's wholly owned bank subsidiary.

$AVNU {{ '2016-06-23T08:44:19+0000' | timeago}} • Announcement

$AVNU shareholders will receive 0.36 shares of $PNFP stock and $2 in cash for every $AVNU share owned as of merger date. Assuming all outstanding $AVNU options are cashed out by merger date, $AVNU shareholders will own about 8.2% of the combined firm. Combined company is expected to have total assets of over $10.5Bil and total deposits of $8Bil.

$PNFP {{ '2016-06-23T08:43:51+0000' | timeago}} • Announcement

Banking company $PNFP said its proposed merger with $AVNU has been approved by $AVNU's shareholders, and is expected to close on or about July 1. The merger is valued at about $205.8MM, and comprises of stock consideration of about 3.7MM shares of $PNFP stock and $22.9MM in cash. $PNFP will also assume $20MM of subordinated debt issued by $AVNU.

$AVNU {{ '2016-06-22T17:35:20+0000' | timeago}} • Announcement

$AVNU said the transaction is comprised of stock consideration of approx. 3.7MM shares of $PNFP common stock and $22.9MM in cash. Pinnacle will assume $20MM of subordinated debt previously issued by Avenue. The proposed merger with $AVNU is expected to result in a combined financial institution with over $10.5Bil in assets and $8Bil in deposits.

$AVNU {{ '2016-06-22T17:34:39+0000' | timeago}} • Announcement

$AVNU said at closing, and assuming all outstanding Avenue options are cashed out as of the merger date, its shareholders will own approx. 8.2% of the combined firm on a fully diluted basis. The transaction is currently valued at about $205.8MM based on $PNFP's 10-day average closing price through June 20, 2016.

$AVNU {{ '2016-06-22T17:33:41+0000' | timeago}} • Announcement

$AVNU said that its shareholders approved the proposed merger with $PNFP. The merger is expected to close on or about July 1, 2016. Under the terms of the merger agreement, Avenue shareholders will receive 0.36 shares of Pinnacle's common stock and $2 in cash for every Avenue share of common stock owned as of the effective date of the merger.

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