About Magna Bank
Magna Bank is a Financial Services company based in Memphis (United States) founded in 1999, and was acquired by Pinnacle in April 2015. It operates as a commercial bank. Its focus areas include Banks and Commercial Banks. Its competitors include Truist, First Republic Bank, Investec, UniCredit and Equity Bank and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
Magna Bank, established in 1999 and currently in Acquired stage, focuses on offering financial products and advice, banks, and commercial banks. Commercial bank. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Memphis, United States
- SectorsFinancial Services
- Website magnabank.com
- Acquired by Pinnacle (Apr 2015)
- Investors
- Acquired byPinnacle
(Apr 2015)
Investors in Magna Bank
Magna Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Pinnacle Financial Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking and wealth management services are provided nationwide. | 2000 | pnfp.com | Nashville, United States |
Investor details for Magna Bank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Magna Bank
2 dated milestones of Magna Bank across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Magna Bank is founded.
- Exit Acquired by Pinnacle.
Competitors of Magna Bank
Magna Bank has 9 listed competitors in our database, 3 of them funded. They include Truist, First Republic Bank, Investec, UniCredit and Equity Bank, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | $900,000 | 55,480 | Wealth advisory and banking services are offered to clients. | |
| firstrepublic.com | 1985 | San Francisco, United States | – | 7,065 | Commercial bank | |
| investec.com | 1974 | London, United Kingdom | – | 9,444 | Global banking, investment, and wealth management services are offered worldwide. | |
| unicreditgroup.eu | 1998 | Milan, Italy | – | 88,640 | Commercial bank | |
| equitybank.com | 2002 | Wichita, United States | $89.7M | – | Commercial banking services are provided to businesses and individuals. | |
| key.com | 1849 | Cleveland, United States | – | 17,333 | Regional bank | |
| amp.com.au | 1849 | Sydney, Australia | $900,000 | 5,600 | Commercial banking and wealth management services are offered globally. | |
| citigroup.com | 1812 | New York, United States | – | 500 | Diversified financial services are offered through commercial banking operations. | |
| citigroup.com | 1812 | New York, United States | – | 500 | Diversified financial services are offered through commercial banking operations. |
Detailed competitors of Magna Bank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Magna Bank
Websites that share an audience with Magna Bank (magnabank.com).
Websites whose visitors overlap most with Magna Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mtb.com | 100% | 7.5M | – | View details | |
| stockmanbank.com | 96% | 135.2K | #345,878 | View details | |
i-bankonline.com | i-bankonline.com | 69% | – | #944,531 | – |
Top companies in Banks
10 companies that operate in the same segment as Magna Bank (Banks), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | 1996 | Jaipur, Rajasthan, India | USD 136.29 M | USD 2.3 B | 50,950 | |
Small finance services are extended to underserved segments in India. | 2005 | Bengaluru, Karnataka, India | USD 153.96 M | – | 21,203 | |
Commercial banking services are provided in the United Kingdom. | 2010 | London, England, United Kingdom | USD 564 M | USD 1.15 B | – | |
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 111.83 M | USD 474.19 M | 12,520 | |
Wealth advisory and banking services are offered to clients. | 1872 | Charlotte, North Carolina, United States | USD 900 K | USD 881.26 M | 1,240 | |
Microfinance bank | 1999 | Bengaluru, Karnataka, India | USD 814.02 M | USD 670.62 M | 25,380 | |
Small finance bank offering savings accounts, deposits, and loan products | 2008 | Mumbai, Maharashtra, India | USD 110.94 M | USD 268.59 M | 8,650 | |
Commercial banking services are offered to individuals and businesses. | 2004 | Mumbai, Maharashtra, India | USD 4.63 M | USD 3.98 B | 28,690 | |
Provider of a commercial banking services | 1993 | Mumbai, Maharashtra, India | – | USD 17.37 B | 104,450 | |
Small finance bank | 2007 | Chennai, Tamil Nadu, India | USD 194.55 M | USD 840.3 M | 25,430 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Magna Bank
Magna Bank was founded in 1999.
Magna Bank is headquartered in Memphis, United States. It is registered at Memphis, Tennessee, United States.
Magna Bank, established in 1999 and currently in Acquired stage, focuses on offering financial products and advice, banks, and commercial banks. Commercial bank. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
Magna Bank has 1 investor. Key investors include Pinnacle Financial Partners.
Yes. Magna Bank was acquired by Pinnacle in April 2015.