You Are Here: Home > > How One Bank Transformed Its Board & Shareholder Base in 6 Years
How One Bank Transformed Its Board & Shareholder Base in 6 Years
By:
Emily McCormick, vice president of editorial & research for Bank Director
The McConnell family has had a controlling interest in Pinnacle Financial Corp., based in Elberton, Georgia, since the 1940s. But over the past few years, Jackson McConnell Jr., the bank’s CEO and chairman, has worked to dilute his ownership from roughly 60% to around a third. “It's still effective control, but it's not an absolute control,” he says. McConnell, a third-generation banker, has seen a lot of family-owned banks struggle with generational change in ownership as well as management and board succession issues, and he’s seen some of it firsthand when Pinnacle acquires another bank. It’s a frequent problem in...
Bank Services
Please enter your username and password below. If you have not established a password please click “forgot password”.
You have accessed a resource that is only available to our Bank Services members.
From how-to articles, director training videos, key interviews with industry leaders and more, Bank Services provides bank executives and directors with the tools to help grow their financial institutions.
To sign up for exclusive access to this online bank board resource, please contact Bank Services at 615-777-8461 or [email protected].
Emily McCormick is Vice President of Editorial & Research for Bank Director. She oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program. You can connect with Emily on LinkedIn or contact her at [email protected].