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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 Cancels 2:1 Stock Split

NASHVILLE, Tenn., July 24, 2006 - Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced that its board of directors has approved the cancellation of the two-for-one stock split announced on July 20.

On July 21, 2006, the company became aware of new and evolving interpretative guidance of Statement of Financial Accounting Standards No. 123 (R) which indicates that adjustments to equity based compensation awards as a result of equity restructurings, such as stock splits, require the recognition of otherwise unnecessary charges against earnings in certain circumstances. Implementation of a stock split now would cause the Company to incur significant additional compensation expense. In light of the change in circumstances, Pinnacle's board believes that the stock split is not in the best interest of Pinnacle's shareholders and associates at this time. Accordingly, Pinnacle's board of directors has determined that the stock split that was to be effected on August 11, 2006 shall be rescinded and cancelled.

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.

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.