Pinnacle Financial Partners (PNFP) decides to redeeem 25% of the preferred shares the firm...

|About: Pinnacle Financial Partne... (PNFP)|By:, SA News Editor

Pinnacle Financial Partners (PNFP) decides to redeeem 25% of the preferred shares the firm issued to Uncle Sam under TARP for a total amount of $23.9M. The bank holding company says that it expects to receive approval for the redemption of its balance of TARP preferred shares over the next year or so.