Community and business leaders, clients and friends joined CapitalMark and Pinnacle associates at a sign unveiling celebration at the combined firm’s Broad Street office
CapitalMark Bank & Trust changed its name and identity to Pinnacle Financial Partners Monday in a sign unveiling event at its Chattanooga office.
CapitalMark was merged with Pinnacle on July 31, 2015, giving the firm a presence in three additional East Tennessee counties. CapitalMark had continued to operate under its brand until the systems and operations of the companies were totally integrated with Pinnacle.
Clients from both firms will enjoy more benefits as a result of the integration, including the convenience of accessing 43 offices in Tennessee’s four urban markets – Nashville, Knoxville, Memphis and Chattanooga, said officials.
For the past month Pinnacle has communicated with clients to explain the changes they will see in procedures, materials and the website, www.pnfp.com.
“This is a significant milestone in our history," said M. Terry Turner, president and CEO of Pinnacle Financial Partners. "Teams from both organizations have worked tirelessly to lead the complex process of integrating client and internal systems and communicating with everyone affected. From the onset we aspired to operate in all of Tennessee’s urban markets, and now we’ve realized that dream.”
Community and business leaders, clients and friends joined CapitalMark and Pinnacle associates at a sign unveiling celebration at the combined firm’s Broad Street office.
“Our associates are excited about beginning a new chapter as we transition to Pinnacle,” said R. Craig Holley, CapitalMark’s former chairman, president and chief executive officer and now Pinnacle’s Chattanooga chairman. “We are also pleased to be part of a firm that is devoted to exceptional client service and is one of the best places to work in the country.”
Pinnacle and CapitalMark announced the intent to merge on April 7, 2015. The transaction closed less than four months later on July 31, 2015, when CapitalMark merged with Pinnacle Bank.