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

Regulators OK Pinnacle Financial-BNC Bancorp deal

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Podcast

Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


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.