Founded in 1988, Pinnacle Financial is an independently-owned mortgage lender that funded over $5.5 billion in residential and commercial mortgage loans in 2005.
"Through this joint venture, Deutsche Bank and its Residential Mortgage Backed Securities business will continue its expansion in U.S. mortgages and enhance the bank's securitization capabilities," said Phil Weingord, Managing Director and Head of Global Markets Americas. "This partnership demonstrates our continued commitment to providing new and innovative products for our clients in the mortgage space."
"This transaction merges Pinnacle Financial's product knowledge and ability to increase loan volume with Deutsche Bank's securitization expertise," said Doug Long, Chief Executive Officer of Pinnacle Financial. "This partnership with a first-class multinational partner like Deutsche Bank underscores our continued focus on finding new ways to finance loans for our customers."
For further information, please call:
Michele Allison 212-250-4864
Deutsche Bank, Media Relations
Doug Long 407-284-6500 ext. 5930
Pinnacle Financial Corporation, Chief Executive Officer
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,035 billion in assets and 64,103 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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