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Announcements: MEDIA CONTACT: Vicki Kessler 615-320-7532
Pinnacle Financial Partners Agrees to Sell 850,000 Shares of Common Stock to Fund Future Growth NASHVILLE, Tenn., Aug. 20, 2004 - Pinnacle Financial Partners, Inc. (Nasdaq: PNFP), announced today that it has agreed to sell 850,000 shares of its common stock at $20 per share in a public offering underwritten by Raymond James & Associates, Inc. Pinnacle has granted Raymond James a 30-day option to purchase up to an additional 127,500 shares of common stock to cover over-allotments. The company will use the proceeds of the offering as working capital to fund future growth. A Registration Statement relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the prospectus for the offering may be obtained from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716. An electronic copy of the prospectus will also be available on the Securities and Exchange Commission's website at www.sec.gov. Additional information concerning Pinnacle can be accessed at www.pnfp.com.
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Pinnacle National Bank, Member FDIC. Equal Housing Lender. Visit the FDIC website.
Pinnacle National Bank is regulated by the Office of the Comptroller of
the Currency (OCC). Visit the OCC website.
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