Pinnacle Financial Partners To Acquire CapitalMark Bank & Trust

(RTTNews) - Pinnacle Financial Partners Inc. (PNFP) and CapitalMark Bank & Trust announced the signing of a definitive agreement for Pinnacle to acquire CapitalMark through merger.

The proposed merger of CapitalMark with and into Pinnacle has been approved by each company's Board of Directors and is expected to close late in the third quarter or early in the fourth quarter of 2015.

Completion of the transaction is subject to satisfaction of customary closing conditions, including the receipt of required regulatory approvals and the approval of CapitalMark's shareholders.

At the time of closing, the combined companies are projected to have total assets of more than $7 billion, with Pinnacle operating 37 offices in 12 counties, including three high-growth counties new to the Pinnacle footprint.