Pinnacle National Bank, a subsidiary of Pinnacle Financial Partners Inc. (PNFP), said Monday it has filed an application to convert from a national bank to a Tennessee state bank. The move primarily is intended to simplify communications with regulatory authorities, the company said.
As a national bank, Pinnacle's primary regulator is the Office of the Comptroller of the Currency in Washington D.C. As a Tennessee state bank, Pinnacle's regulators would be the Tennessee Department of Financial Institutions in Nashville and the Federal Deposit Insurance Corp.
While the proposed conversion requires regulatory approval, Pinnacle expects the new charter to become effective in the third quarter of 2012. The bank's legal name will change at that time from Pinnacle National Bank to Pinnacle Bank.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.