trending Market Intelligence /marketintelligence/en/news-insights/trending/6kIlouCb29uJOlGsocbknA2 content esgSubNav
In This List

Regulators OK Pinnacle Financial-BNC Bancorp deal

Blog

Banking Essentials Newsletter: June Edition, Part - 2

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally

Case Study

A Chinese Bank Strengthens its Credit Risk Assessments

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Regulators OK Pinnacle Financial-BNC Bancorp deal

The Federal Deposit Insurance Corporation, Tennessee Department of Financial Institutions, and North Carolina Office of the Commissioner of Banks approved the pending merger between Nashville, Tenn.-based Pinnacle Financial Partners Inc. and High Point, N.C.-based BNC Bancorp.

The regulators also approved the merger of their units, Pinnacle Bank and Bank of North Carolina, according to an April 6 press release.

Pinnacle Financial expects the deal to close either late in the second quarter or early in the third quarter. Post-completion, Pinnacle Financial will have more than $20 billion in assets, $14 billion in loans and $15 billion in deposits.

As of Dec. 31, 2016, Pinnacle Financial had $11.19 billion in assets, while BNC Bancorp had $7.40 billion in assets.