Pinnacle Financial Partners Selects CompuPay as Preferred Payroll Service Provider

NASHVILLE, Tenn., Aug. 1, 2011 /PRNewswire/ -- CompuPay Inc., one of the country's leading providers of payroll, payroll tax management and employer-related services, today announced the company has been selected as the preferred payroll service provider for Pinnacle Financial Partners (Nasdaq/NGS: PNFP), a $4.8 billion financial services firm headquartered in Nashville, Tennessee. Pinnacle business clients will have access to CompuPay payroll services and other employer services.

Founded in 2000, Pinnacle Financial Partners is the second largest bank holding company in Tennessee, with 31 offices in eight Middle Tennessee counties and three in Knoxville. The firm's offices provide a full range of banking, investment, mortgage and insurance products and services designed for small to midsized businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. 

"Key criteria in selecting a payroll partner were distinctive service and effective advice – the brand promise we make at Pinnacle," said Mike Hammontree, senior vice president and director of planning and development for Pinnacle. "CompuPay has demonstrated a similar value proposition with their clients. They are high-touch in terms of implementation and support, and we feel confident our clients will be in good hands when they choose to outsource their payroll activities."

"By partnering with CompuPay, Pinnacle is providing its business clientele with the resources of a national payroll services company combined with the flexibility and personalized service of a local provider," said Kathey Palmer, senior vice president, business development, for CompuPay. "We share Pinnacle's value-driven approach and commitment to client satisfaction, making this a natural alliance and one that will benefit our mutual clients."

Pinnacle Financial Partners clients will be served by CompuPay's Franklin, Tennessee, office, the company's second-largest office and home to several CompuPay corporate functions, including employer services, business development and marketing communications.

About Pinnacle Financial Partners

Pinnacle Financial Partners began operations in a single downtown Nashville location in Oct. 2000 and has since grown to over $4.83 billion in assets at June 30, 2011. In 2007, Pinnacle launched an expansion into Knoxville, Tennessee. The firm was added to Standard & Poor's SmallCap 600 index in 2009.

About CompuPay

CompuPay Inc. was founded in 1980 and today is the second largest privately held payroll company in the U.S. and fourth largest overall. Its growing network of local offices processes payroll for tens of thousands of companies ranging in size from one to over 5,000 employees in all 50 states. The company offers payroll and employer-related services such as workers' compensation insurance, employee benefits, retirement plans and Section 125 and 132 plans to clients seeking highly flexible, innovative solutions to meet their growing business needs.

Media contacts:
Kathey Palmer
Senior Vice President, Business Development
CompuPay Inc.
(615) 591-3756
[email protected]

Nikki Klemmer
Atkinson Public Relations
(615) 320-7532
[email protected]

SOURCE CompuPay Inc.