BNC Bancorp changes its name to Pinnacle
BNC Bancorp changed its name to Pinnacle Financial Partners on Monday at sign unveiling events in six markets including Roanoke.
High Point, N.,C.-based BNC and Nashville, Tenn,-based Pinnacle firms completed their merger on June 16. The $1.9 billion all-stock deal was announced in January. Systems and operations conversions will continue through the end of the year.
The merger is Pinnacle’s first move outside of Tennessee.
Sign unveilings marking the changeover occurred in High Point, Charlotte and Raleigh, N.C.; Greenville and Mount Pleasant, S.C.; and Roanoke.
Pinnacle now operates in 11 primarily urban markets in the three states.
The banking company began operations in a single location in downtown Nashville in October 2000. It has since grown to about $20.9 billion in assets as of June 30, becoming the second-largest bank holding company based in Tennessee.