Pinnacle Announces Intent to Convert to State Banking Charter
Pinnacle National Bank, a subsidiary of Pinnacle Financial Partners, Inc. (Nasdaq: PNFP), has filed an application to convert from a national bank to a Tennessee state bank.
As a national bank, Pinnacle's primary regulator is the Office of the Comptroller of the Currency (OCC) in Washington, D.C. As a Tennessee state bank, Pinnacle's regulators would be the Tennessee Department of Financial Institutions (TDFI) in Nashville and the Federal Deposit Insurance Corp. (FDIC).
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted in: News