Pinnacle Bankshares and Virginia Bank Bankshares will delay the previously announced merger of Virginia Bank with and into Pinnacle due to the COVID-19 pandemic.
KeyBank served as administrative agent and KeyBanc Capital Markets and BMO Capital Markets acted as joint lead arrangers and syndication agents for an amended and restated senior secured revolving credit facility of up to $375 million for Jernigan Capital.
Pinnacle Financial Partners, the holding company and parent of Pinnacle Bank, and BNC Bancorp, the holding company and parent of Bank of North Carolina, signed a merger agreement. BNC will merge with and into Pinnacle in an all-stock transaction.
Deloitte Corporate Finance said it acted as exclusive financial advisor to Bankers Healthcare Group in receiving a $75 million minority investment from Prinnacle Bank.