Community Bank, Pinnacle Trust ink new agreement
by MBJ Staff
Published: August 20,2014
Tags: agreement, bank, banking, C.W. "Chuck" Nicholson Jr., Community Bancshares, Community Bank, finance, financial institution, investing, investor, Pinnacle Trust, Stacey L. Wall, wealth management
BRANDON and MADISON — Community Bank has entered into an agreement with Pinnacle Trust to offer a comprehensive wealth management platform.
The new service, named Community Wealth Management, will not only provide investment services but, also asset management, financial planning and trust services.
“We are excited that we will be able to provide our customers with access to a full range of financial strategies and products that will help them manage their hard earned resources. We have known Stacey Wall and his team at Pinnacle for over two decades and believe we share a high level of commitment to our customers. This relationship will bring that level of wealth management services to every office of Community Bank,” said C. W. “Chuck” Nicholson Jr., chief executive officer for Community Bancshares.
“Since founding Pinnacle Trust in 1997, our ambition has been to help people achieve their life and wealth goals while providing peace of mind amidst varying financial markets”, said Stacey L. Wall, chief executive officer for Pinnacle Trust. “We are thrilled to have the opportunity to work with Community Bank’s staff and customers and are committed to delivering a quality service.”
Madison-based Pinnacle Trust is one of Mississippi’s fastest growing wealth management companies, and its only independent trust company. With approximately $500 million in assets under management, Pinnacle Trust provides comprehensive financial solutions for clients in 16 states.
Community Bancshares Inc., the Brandon-based holding company for Community Banks across the Southeast, is a $2.5-billion multi-bank holding company consisting of banks in Mississippi, Tennessee, Florida and Alabama. Community Bank has 41 offices and more than 685 staff members.
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