Pinnacle Financial Redeems All Remaining Preferred Shares Held by US Treasury

Pinnacle Financial Partners

announced that earlier today it redeemed all of the remaining outstanding preferred shares the Company originally issued to the U.S. Treasury under the TARP Capital Purchase Program. Pinnacle paid the Treasury approximately $71.6 million, which included accrued dividends of approximately $346,000. On Dec. 28, 2011, the Company redeemed 25 percent of the shares originally sold to the U.S. Treasury.