First Tennessee Bank, Pinnacle Financial Partners resolve litigationSeptember 28, 2017
First Tennessee Bank and Pinnacle Financial Partners are
pleased to announce that they have resolved the dispute that led to a
lawsuit. Terry Turner, CEO of Pinnacle, stated, “I deeply regret that this
came about and that anything we did may have caused it.” There will be no
further comment from either bank.
About First Tennessee Bank
First Tennessee, the largest bank headquartered in Tennessee, was founded in
1864 and has the 14th oldest national bank charter and one of the highest
customer retention rates of any bank in the country. The American Banker
named First Tennessee No. 5 on its list of the Top 10 Most Reputable U.S.
Banks. The FTB Advisors wealth management group has 316 financial advisors
and $28.5 billion in assets under administration. First Tennessee, FTN
Financial and FTB Advisors are part of First Horizon National Corp.
(NYSE:FHN), which has 4,300 employees. First Horizon has been recognized as
one of the nation’s best employers by Working Mother and American Banker.
More information is available at www.FirstTennessee.com.
About Pinnacle Financial Partners
Pinnacle Financial Partners provides a full range of banking, investment,
trust, mortgage and insurance products and services designed for businesses
and their owners and individuals interested in a comprehensive relationship
with their financial institution. The firm earned a place on Fortune’s 2017
list of the 100 Best Companies to Work For in the U.S., Fortune Best
Workplaces for Women and American Banker recognized Pinnacle as the
sixth-best bank to work for in 2017. The firm began operations in a single
location in downtown Nashville, TN in October 2000 and has since grown to
approximately $20.9 billion in assets as of June 30, 2017. Pinnacle operates
in 11 primarily urban markets in Tennessee, the Carolinas and Virginia.
Additional information concerning Pinnacle, which is included in the NASDAQ
Financial-100 Index, can be accessed at www.pnfp.com.