BNC Bank, which bought Roanoke’s Valley Bank about 19 months ago, announced Sunday it will unite with a larger Tennessee bank.
Nashville-based Pinnacle Financial Partners Inc., the operator of Pinnacle Bank, said it will pay an estimated $1.9 billion for BNC Bancorp.
The union, to be signed in the third quarter, will create a bank of “significant scale that operates with the culture of a community bank,” a news release said.
Once joined with Pinnacle Bank, BNC Bank will adopt the Pinnacle name.
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