Troutman Sanders Advises BNC Bancorp on $1.9 Billion Merger with Pinnacle Financial Partners
ATLANTA, January 26, 2017 - Troutman Sanders LLP advised BNC Bancorp in connection with the signing of a definitive merger agreement with Pinnacle Financial Partners, Inc. On a pro forma basis, Pinnacle is expected to be a top 50 public U.S. banking franchise by assets, with $20 billion in assets. Based on Pinnacle’s 20-day trailing average closing price as of Friday, January 20, 2017, the transaction is valued at approximately $35.70 per share, or $1.9 billion in the aggregate. Detailed information on the transaction can be found here.
Troutman Sanders previously advised BNC in connection with its acquisitions of High Point Bank Corporation and Southcoast Financial Corporation and its purchase of seven South Carolina branches of CertusBank, N.A.
The firm’s Financial Institutions Practice has a long history of service to financial institutions. Its lawyers have substantial experience in mergers and acquisitions, public and private offerings, de novo formations, securities reporting, corporate governance and regulatory compliance and negotiations. Troutman Sanders is advising on more currently pending M&A transactions in the Southeast than any other law firm. According to S&P Global Market Intelligence data, since January 1, 2013, Troutman Sanders has advised on more M&A transactions involving companies acquired in its primary market area – Georgia, Virginia and the Carolinas – than any other law firm.
About Troutman Sanders
With a diverse practice mix, workforce and footprint, Troutman Sanders has cultivated its reputation for a higher commitment to client care for over 120 years. Ideally positioned to help clients across sectors realize their business
goals, the firm’s 650 attorneys transact for growth, resolve mission-threatening disputes and navigate complex legal and regulatory challenges. See
troutman.com for more information.