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Announcements:

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

Pinnacle Financial Partners Files Registration Statement for Sale of 850,000 Shares of Common Stock

NASHVILLE, Tenn., July 23, 2004 - Pinnacle Financial Partners Inc. (Nasdaq: PNFP), announced today that it has filed a registration statement with the Securities and Exchange Commission for the sale of 850,000 shares of its common stock, not including a 15 percent over allotment option, granted to the offering's underwriter, Raymond James & Associates, Inc.

Pinnacle said that it plans to use the proceeds of the offering to fund future growth and for other general corporate purposes.

The registration statement relating to the shares has been filed with the SEC, but has not yet become effective. The shares may not be sold, nor may offers to buy them be accepted, prior to the time the registration statement becomes effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy the shares. There will be no sale of the shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

The public offering will be made only by means of a prospectus, a copy of which may be obtained, when available, from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716. An electronic copy of the prospectus will also be available on the Securities and Exchange Commission's website at www.sec.gov.

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

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The foregoing statements regarding Pinnacle Financial Partners' intentions with respect to the contemplated common stock offering are forward-looking statements under the Private Securities Litigation Reform Act of 1995, and actual results could vary. Pinnacle Financial Partners' ability to complete the offering successfully is subject to various risks, many of which are outside of its control, including prevailing conditions in the public capital markets and other risks and uncertainties as detailed from time to time in the reports filed by Pinnacle Financial Partners with the Securities and Exchange Commission.