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MEMPHIS, Tenn., Sept. 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.
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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.
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First Tennessee Contact: James Dowd, 901-523-4305
Pinnacle Contact: Joe Bass, 615-743-8129
