M&A Deal Summary

Pinnacle Financial Partners Acquires Bank of North Carolina

On January 22, 2017, Pinnacle Financial Partners acquired financial services company Bank of North Carolina for 1.9B USD

Acquisition Highlights
  • This is Pinnacle Financial Partners’ 6th transaction in the Financial Services sector.
  • This is Pinnacle Financial Partners’ largest (disclosed) transaction.
  • This is Pinnacle Financial Partners’ 7th transaction in the United States.
  • This is Pinnacle Financial Partners’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2017-01-22
Target Bank of North Carolina
Sector Financial Services
Buyer(s) Pinnacle Financial Partners
Deal Type Add-on Acquisition
Deal Value 1.9B USD
Advisor(s) Banks Street Partners LLC
Sandler O'Neill + Partners LP (Financial)
Wachtell, Lipton, Rosen & Katz
Troutman Pepper Hamilton Sanders (Legal)

Target

Bank of North Carolina

High Point, North Carolina, United States
website
BNC Bancorp., the parent company of Bank of North Carolina, is a commercial bank with $3.7 billion in assets. BNCN provides a complete line of banking and financial services to individuals and businesses through its 48 banking offices in North and South Carolina.

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Buyer(S) 1

Buyer

Pinnacle Financial Partners

Nashville, Tennessee, United States

website

Category Company
Founded 2000
Sector Financial Services
Employees2,634
Revenue 1.4B USD (2022)
DESCRIPTION

Pinnacle Financial Partners is a financial services firm provides a full range of banking, investment and insurance products and services designed for small- to mid-sized businesses and their owners. Pinnacle Financial Partners was founded in 2000 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 7 of 7
Sector (Financial Services) 6 of 6
Type (Add-on Acquisition) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 7 of 7
Year (2017) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-04 Bankers Healthcare Group

SouthWest Ranches, Florida, United States

Bankers Healthcare Group, Inc. is a provider of financing solutions for healthcare professionals, allowing them to remain focused on delivering high quality health care to their patients.

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