05.06.2006 16:44:00
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Deutsche Bank and Pinnacle Financial Launch Pinnacle Commercial Mortgage
Founded in 1988, Pinnacle Financial is an independently-ownedmortgage lender that funded over $5.5 billion in residential andcommercial mortgage loans in 2005.
"Through this joint venture, Deutsche Bank and its ResidentialMortgage Backed Securities business will continue its expansion inU.S. mortgages and enhance the bank's securitization capabilities,"said Phil Weingord, Managing Director and Head of Global MarketsAmericas. "This partnership demonstrates our continued commitment toproviding new and innovative products for our clients in the mortgagespace."
"This transaction merges Pinnacle Financial's product knowledgeand ability to increase loan volume with Deutsche Bank'ssecuritization expertise," said Doug Long, Chief Executive Officer ofPinnacle Financial. "This partnership with a first-class multinationalpartner like Deutsche Bank underscores our continued focus on findingnew ways to finance loans for our customers."
For more information on Pinnacle Commercial Mortgage, please visitwww.pcmnationwide.com.
Deutsche Bank
Deutsche Bank (NYSE: DB) is a leading global investment bank witha strong and profitable private clients franchise. A leader in Germanyand Europe, the bank is continuously growing in North America, Asiaand key emerging markets. With Euro 1,035 billion in assets and 64,103employees, Deutsche Bank offers unparalleled financial services in 73countries throughout the world. The bank competes to be the leadingglobal provider of financial solutions for demanding clients creatingexceptional value for its shareholders and people.
Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is theinvestment banking and securities arm of Deutsche Bank AG in theUnited States.
www.db.com
Pinnacle Financial Corporation
Pinnacle Financial Corporation is one of the nation's fastestgrowing, independently-owned direct mortgage lenders, licensed in 48states and employing more than 1,200 people. The company worksdirectly with Wall Street investors to design residential andcommercial products that are unique to the industry.
www.pinnaclefinancial.com
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