Pinnacle Financial Partners Acquire Magna Bank

We represented Pinnacle Financial Partners in its acquisition of Magna Bank, a Memphis bank with five offices, for $83.4 million. Upon the closing of this deal and the CapitalMark Bank & Trust acquisition, Pinnacle is expected to have total assets of more than $8 billion and 42 offices in 13 Tennessee counties. Pinnacle and Magna Bank closed in the third quarter of 2015.

Pinnacle Financial Partners, Inc. (NASDAQ/NGS: PNFP) provides a full range of banking services, financial planning products and services, and wealth accumulation strategies.

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