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Announcements:

MEDIA CONTACT: Brannan Atkinson 615-320-7532
FINANCIAL CONTACT: Harold Carpenter 615-744-3742
WEBSITE: www.pnfp.com

Pinnacle Financial Partners Announces 2:1 Stock Split

NASHVILLE, Tenn., July 20, 2006 - Pinnacle Financial Partners Inc. (Nasdaq/NGS: PNFP) today announced that its board of directors has approved a two-for-one stock split. The stock split will be effected in the form of a 100 percent stock dividend, with the new shares being distributed on or about August 11, 2006, to shareholders of record at the close of business on July 31, 2006. Pinnacle had 15,370,116 common shares outstanding as of June 30, 2006.

"This decision by our board of directors is reflective of the excellent financial performance of our firm and the confidence we all share in the growth plans for our company," said M. Terry Turner, Pinnacle's president and chief executive officer. "We also believe the split will make the stock more widely available to current and potential investors."

This is the second 2:1 stock split in Pinnacle's 5-1/2-year history. Since the first stock split on May 11, 2004, the firm's stock price has increased 111 percent from May 11, 2004, through July 19, 2006. Between 2001 and 2006, the firm's stock was the eighth-best performing stock of all companies based in Tennessee, with a 914 percent cumulative return over the five-year period ending June 30, 2006.

Pinnacle was recently selected as the only Tennessee company in a group of 34 small-cap banks nationally that make up the Sandler O'Neill and Partners 2006 Sm-All Stars. The designation puts Pinnacle in an elite group selected from the 573 small-cap banks and thrifts in the nation based on growth, profitability, credit quality and capital strength.

Pinnacle Financial Partners, the largest financial services firm headquartered in Nashville and the second largest bank holding company based in Tennessee, provides a full range of banking, investment and insurance products and services. The firm specializes in meeting the needs of small businesses and their owners/operators and individuals who desire a deep relationship with their financial services provider. The firm also has a well-established expertise in commercial real estate. Pinnacle's financial advisors provide financial planning and comprehensive wealth management services to help clients increase, protect and distribute their assets.

Pinnacle opened its first office in October 2000 and currently operates 17 offices in many of the most attractive trade areas in the Nashville-Davidson-Murfreesboro MSA. The firm's eighteenth office, in the Donelson/Hermitage area of Nashville, is under construction and slated for completion by the end of 2006.

Additional information concerning Pinnacle can be accessed at www.pnfp.com.

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Certain of the statements in this release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "expect," "anticipate," "intend," "plan," "believe," "seek," "estimate" and similar expressions are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking. All forward-looking statements are subject to risks, uncertainties and other facts that may cause the actual results, performance or achievements of Pinnacle to differ materially from any results expressed or implied by such forward-looking statements. Such factors include, without limitation, (i) unanticipated deterioration in the financial condition of borrowers resulting in significant increases in loan losses and provisions for those losses, (ii) the inability of Pinnacle to continue to grow its loan portfolio at historic rates, (iii) increased competition with other financial institutions, (iv) lack of sustained growth in the economy in the Nashville-Davidson-Murfreesboro MSA, (v) rapid fluctuations or unanticipated changes in interest rates, (vi) the inability of Pinnacle to satisfy regulatory requirements for its expansion plans, (vii) the inability of Pinnacle to execute its expansion plans, (viii) the inability of Pinnacle to successfully integrate the former Cavalry Bancorp's operations with Pinnacle's and (ix) changes in the legislative and regulatory environment. A more detailed description of these and other risks is contained in Pinnacle's most recent annual report on Form 10-K. Many of such factors are beyond Pinnacle's ability to control or predict, and readers are cautioned not to put undue reliance on such forward-looking statements. Pinnacle disclaims any obligation to update or revise any forward-looking statements contained in this release, whether as a result of new information, future events or otherwise.