June 11, 2009 (FinancialWire) — Pinnacle Financial Partners, Inc. (NASDAQ: PNFP) said it has priced a public offering of 7.7 million shares of its common stock at $13 per share for total gross proceeds of $100.1 million.

Raymond James & Associates, Inc. is serving as lead underwriter for the offering. The underwriters have the option to purchase up to an additional 15 percent of the offered amount of common stock from Pinnacle at the public offering price, less the underwriting discount and commission, within 30 days.

Pinnacle said it will use the net proceeds of the offering for general corporate purposes, including additional capital for Pinnacle National Bank and possible repurchase from the U.S. Treasury of the $95 million of series A preferred stock, and associated warrants, issued in connection with the Treasury’s TARP Capital Purchase Program.

Nashville, Tennessee-based Pinnacle Financial Partners provides a range of banking, investment, mortgage and insurance products and services designed for small- to mid-sized businesses and their owners, real estate professionals and individuals.

The firm began operations in a single downtown Nashville location in October 2000 and has since grown to operate 31 offices in eight Middle Tennessee counties and two in Knoxville.

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