Who bought Magna Bank?

Who bought Magna Bank?

Who bought Magna Bank?

Pinnacle Financial Partners
We represented Pinnacle Financial Partners in its acquisition of Magna Bank, a Memphis bank with five offices, for $83.4 million.

Is Pinnacle Bank and Pinnacle Financial Partners the same?

Pinnacle Financial Partners is an American bank headquartered in Nashville, Tennessee operating in Middle Tennessee, East Tennessee, and, since June 2017, North Carolina, South Carolina, and Virginia….Pinnacle Financial Partners.

Type Public
Total equity US$3,965.940 million (2018)
Number of employees 2,297 (2018)
Website pnfp.com

Does pinnacle use Zelle?

It’s easy — Zelle is already available within Pinnacle Bank’s mobile banking app and online banking within Bill Pay! Check our app or sign-in online and follow a few simple steps to enroll with Zelle today.

Is Pinnacle Bank a federal 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).

Is Pinnacle Bank a real bank?

Pinnacle Bank has been a locally owned, community bank since 1934. We specialize in meeting our customers’ financial needs, both now and into the future.

What was Pinnacle Bank before?

BNC Bancorp (“BNC Bank”) changed its name and identity to Pinnacle Financial Partners (“Pinnacle”) (Nasdaq/NGC: PNFP) today at sign unveiling events in six markets in the Carolinas and Virginia.

Can Zelle send money to any bank?

You can use it with friends at other banks. Zelle® works between U.S.-based banks. Which means, even if you bank somewhere different than your friends and family do,1 you can still use Zelle® to safely send and receive money straight from your banking app.

How do I get my money from Zelle Pinnacle Bank?

To receive money, just share your enrolled email address or U.S. mobile phone number with a friend and ask them to send you money with Zelle®. If you have already enrolled with Zelle®, you do not need to take any further action. The money will be sent directly into your Pinnacle Bank account, typically within minutes1.

How long has Pinnacle Bank been around?

Despite being farmers by trade, the brothers opened what would become Pinnacle Bank in 1938. In the decades to follow, our bank would grow to serve communities across eight states under the leadership of the Dinsdale family.

Which bank is Pinnacle Bank?

Is Pinnacle Bank Insured?

The FDIC is backed by the full faith and credit of the United States government. Deposits in an FDIC insured bank, like Pinnacle, are insured dollar-for-dollar up to the insurance limit. The basic insurance limit has increased temporarily to $250,000 per person, per insured bank.

Who bought Pinnacle Bank?

The $1.6 billion Arizona Federal Credit Union in Phoenix said Monday it finalized the acquisition of the $269 million Pinnacle Bank also based in Phoenix.