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Pinnacle Bank Raises Capital Through Property Sale-Leaseback Deals

Nashville Firm’s Bond Investment Loss Limits Larger Potential Cash Gain
Pinnacle Financial Partners, headquartered in Nashville, Tennessee, operates banks across the South. (CoStar)
Pinnacle Financial Partners, headquartered in Nashville, Tennessee, operates banks across the South. (CoStar)

Nashville, Tennessee-based Pinnacle Bank has arranged a $217.5 million sale-leaseback of 51 of its properties in two deals as it has taken a loss on a portion of its bond investments.

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