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
Sandler O'Neill + Partners (Financial)
Wachtell, Lipton, Rosen & Katz
Troutman Pepper Hamilton Sanders (Legal)

Target

Bank of North Carolina

High Point, North Carolina, United States
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
Category Company
Founded 2000
Sector Financial Services
Employees3,386
Revenue 1.4B USD (2023)
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 8
Sector (Financial Services) 6 of 6
Type (Add-on Acquisition) 3 of 3
State (North Carolina) 1 of 2
Country (United States) 7 of 8
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Advantco

Raleigh, North Carolina, United States

Advantco provides software adapters that automate the integration of various enterprise applications with ERP systems, including SAP and Oracle. Advantco was founded in 2007 and is based in Raleigh, North Carolina.

Buy -
Mergr

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