Market Overview

Shareholders of Pinnacle Financial Partners and BNC Bancorp Approve Proposals Related to Proposed Merger


In separate meetings held today, shareholders of both BNC Bancorp
(Nasdaq/NGS: BNCN) ("BNC") and Pinnacle Financial Partners, Inc.
(Nasdaq/NGS: PNFP) ("Pinnacle") voted to approve proposals submitted to
each group related to the proposed merger of the two companies. Subject
to the satisfaction of the remaining closing conditions contained in the
merger agreement, the transaction is expected to close in the second

"This has been a very smooth process thus far, and I am extremely
pleased with how quickly we've received the required regulatory and
shareholder approvals," said M. Terry Turner, Pinnacle's president and
chief executive officer. "I am excited about the support our and BNC's
shareholders have shown for the transaction and am appreciative of the
tireless work associates from both firms have done on transition
planning. I look forward to the legal closure when we will become one
company giving distinctive service and effective advice to clients in
four states."

BNC's bank subsidiary, Bank of North Carolina, and Pinnacle Bank are
expected to merge immediately following the closing of the merger of the
two banks' parent holding companies. A full brand change of all BNC
offices and services is expected late in the third quarter of 2017, and
BNC clients can expect clear communication about how the merger will
affect them throughout the summer and fall.

"Pinnacle shares our commitment to client service, so we are
anticipating a smooth transition for BNC clients," said Rick Callicutt,
BNC's president and chief executive officer. "I am grateful for the
support of our shareholders and the hard work of our associates who have
worked long hours so that our clients may experience as seamless a
transition experience as possible. By the time it's finished, I believe
we will be stronger together than we were apart."

The combined companies will cover a four-state footprint with presence
in 11 of the largest urban markets in the Southeast. All seven of BNC's
markets will be new territory for Pinnacle, including Charlotte,
Raleigh, Winston-Salem and Greensboro in North Carolina;
Greenville-Spartanburg and Charleston in South Carolina; and Roanoke in

Once closed, Pinnacle is expected to be a top 50 public U.S. banking
franchise by assets, on a pro-forma basis, with more than $20 billion in
assets, $14 billion in loans and $15 billion in deposits. BNC's existing
corporate offices in High Point, North Carolina, will remain and serve
as headquarters for the firm's operations in the Carolinas and Virginia.

About Pinnacle

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., and American Banker recognized Pinnacle
as the sixth-best bank to work for in 2016.

The firm began operations in a single downtown Nashville location in
October 2000 and has since grown to approximately $11.7 billion in
assets at March 31, 2017. As the second-largest bank holding company
headquartered in Tennessee, Pinnacle operates in the state's four
largest markets, Nashville, Memphis, Knoxville and Chattanooga, as well
as several surrounding counties.

Additional information concerning Pinnacle, which is included in the
NASDAQ Financial-100 Index, can be accessed at

About BNC

Headquartered in High Point, North Carolina, BNC Bancorp is the parent
company of Bank of North Carolina, D/B/A BNC Bank, a commercial bank
with total assets of $7.6 billion as of March 31, 2017. Bank of North
Carolina provides a complete line of banking and financial services to
individuals and businesses through its 76 current banking offices in
Virginia, North and South Carolina. Bank of North Carolina is insured by
the FDIC and is an equal housing lender. BNC Bancorp's stock is traded
and quoted in the Nasdaq Capital Market under the symbol "BNCN." The
Company's website is

Forward-Looking Statements

All statements, other than statements of historical fact, included in
this press release, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act and Section 21E of the Exchange Act. The words "expect,"
"anticipate," "intend," "plan," "believe," "seek," "estimate" and
similar expressions are intended to identify such forward-looking
statements, but other statements not based on historical information may
also be considered forward-looking including statements about the
benefits to Pinnacle and BNC of the proposed merger of Pinnacle and BNC,
Pinnacle's and BNC's future financial and operating results (including
the anticipated impact of the proposed merger of Pinnacle and BNC on
Pinnacle's and BNC's earnings and tangible book value) and Pinnacle's
and BNC's plans, objectives and intentions. All forward-looking
statements are subject to risks, uncertainties and other facts that may
cause the actual results, performance or achievements of Pinnacle and
BNC to differ materially from any results expressed or implied by such
forward-looking statements. Such factors include, among others, (1) the
risk that the cost savings and any revenue synergies from the proposed
merger of Pinnacle and BNC may not be realized or take longer than
anticipated to be realized, (2) disruption from the proposed merger with
customers, suppliers, employee or other business partners relationships,
(3) the occurrence of any event, change or other circumstances that
could give rise to the termination of the merger agreement between
Pinnacle and BNC, (4) the risk of successful integration of the two
companies' businesses, (5) the amount of the costs, fees, expenses and
charges related to the proposed merger, (6) reputational risk and the
reaction of the parties' customers, suppliers, employees or other
business partners to the proposed merger, (7) the failure of the closing
conditions to be satisfied, or any unexpected delay in closing the
proposed merger, (8) the risk that the integration of Pinnacle's and
BNC's operations will be materially delayed or will be more costly or
difficult than expected, (9) the possibility that proposed merger may be
more expensive to complete than anticipated, including as a result of
unexpected factors or events, (10) the dilution caused by Pinnacle's
issuance of additional shares of its common stock in the proposed merger
and (11) general competitive, economic, political and market conditions.
Additional factors which could affect the forward looking statements can
be found in Pinnacle's Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q, and Current Reports on Form 8-K, or BNC's Annual Report on
Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form
8-K, in each case filed with the SEC and available on the SEC's website
Pinnacle and BNC disclaim any obligation to update or revise any
forward-looking statements contained in this filing, which speak only as
of the date hereof, whether as a result of new information, future
events or otherwise.

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