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                                                                    EXHIBIT 10.2

                              EMPLOYMENT AGREEMENT

     THIS AGREEMENT is entered into as of this 30th day of September, 2005, and
effective as the Effective Date, as defined in Paragraph 1.9 below, by and among
PINNACLE NATIONAL BANK (the "Employer"), a national bank, and WILLIAM S. JONES,
a resident of the State of Tennessee (the "Executive").

RECITALS:

     The Employer desires to employ the Executive as its RUTHERFORD COUNTY AREA
EXECUTIVE and the Executive desires to accept such employment.

     In consideration of the above premises and the mutual agreements
hereinafter set forth, the parties hereby agree as follows:

1. DEFINITIONS. Whenever used in this Agreement, the following terms and their
variant forms shall have the meaning set forth below:

     1.1 "AGREEMENT" shall mean this Agreement and any exhibits incorporated
herein together with any amendments hereto made in the manner described in this
Agreement.

     1.2 "AFFILIATE" shall mean any business entity that controls the Employer,
is controlled by, or is under common control with the Employer.

     1.3 "BUSINESS OF THE EMPLOYER" shall mean the business conducted by the
Employer, which is the business of commercial banking.

     1.4 "CAUSE" shall mean:


          1.4.1 With respect to termination by the Employer:

          (a) a material breach of the terms of this Agreement by the Executive,
     including, without limitation, failure by the Executive to perform his
     duties and responsibilities in the manner and to the extent required under
     this Agreement, and that remains uncured after the expiration of thirty
     (30) days following the delivery of written notice of such breach to the
     Executive by Employer. Such notice shall (i) specifically identify the
     duties that the Board of Directors of Employer believes the Executive has
     failed to perform, (ii) state the facts upon which such Board of Directors
     made such determination, and (iii) be approved by a resolution passed by
     two-thirds (2/3) of the directors then in office;

          (b) conduct by the Executive that amounts to fraud, dishonesty or
     willful misconduct in the performance of his duties and responsibilities
     hereunder;


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          (c) arrest for, charged in relation to (by criminal information,
     indictment or otherwise), or conviction of the Executive during the Term of
     this Agreement of a crime involving breach of trust or moral turpitude;

          (d) conduct by the Executive that amounts to gross and willful
     insubordination or inattention to his duties and responsibilities
     hereunder; or

          (e) conduct by the Executive that results in removal from his position
     as an officer or executive of Employer pursuant to a written order by any
     regulatory agency with authority or jurisdiction over Employer.

   1.4.2 With respect to termination by the Executive:

          (a) a material modification to the Executive's job title(s) or
     position(s) of responsibility or the scope of his authority or
     responsibilities under this Agreement without the Executive's written
     consent, which modification is not cured to the reasonable satisfaction of
     the Executive within thirty (30) days after written notice thereof from the
     Executive to the Board of Directors of the Employer;

          (b) a change in supervision so that the Executive no longer reports to
     the person(s) or entity to whom he reported immediately after the Effective
     Date, which change in supervision is effected without the Executive's
     written consent;

          (c) a change in supervisory authority so that the holder of any
     position who normally reported to the Executive immediately after the
     Effective Date no longer reports to the Executive on a regular basis, which
     change in supervisory authority is effected without the Executive's written
     consent;

          (d) any change in the Executive's office location such that the
     Executive is required to report regularly to a location that is beyond a
     25-mile radius from the Executive's office location determined immediately
     after the Effective Date, which change in office location is effected
     without the Executive's written consent; and

          (e) any material reduction in salary, bonus opportunity or other
     benefits provided for in Section 4 below from the level in effect
     immediately prior to the Change of Control.

   1.5 "CHANGE OF CONTROL" means any one of the following events:

          (a) the acquisition by any person or persons acting in concert of the
     then outstanding voting securities of the Employer, if, after the
     transaction, the acquiring person (or persons) owns, controls or holds with
     power to vote forty percent (40%) or more of any class of voting securities
     of the Employer directly or indirectly through a parent corporation, as the
     case may be;



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          (b) within any twelve-month period (beginning on or after the
     Effective Date) the persons who were directors of the Employer immediately
     before the beginning of such twelve-month period (the "Incumbent
     Directors") shall cease to constitute at least a majority of such board of
     directors; provided that any director who was not a director as of the
     Effective Date shall be deemed to be an Incumbent Director if that director
     were elected to such board of directors by, or on the recommendation of or
     with the approval of, at least two-thirds of the directors who then
     qualified as Incumbent Directors; and provided further that no director
     whose initial assumption of office is in connection with an actual or
     threatened election contest (as such terms are used in Rule 14a-11 of
     Regulation 14A promulgated under the Securities Exchange Act of 1934)
     relating to the election of directors shall be deemed to be an Incumbent
     Director;

          (c) a reorganization, merger or consolidation, with respect to which
     persons who were the stockholders of the Employer directly or indirectly
     through a parent corporation, as the case may be, immediately prior to such
     reorganization, merger or consolidation do not, immediately thereafter, own
     more than fifty percent (50%) of the combined voting power entitled to vote
     in the election of directors of the reorganized, merged or consolidated
     Employer's then outstanding voting securities; or

          (d) the sale, transfer or assignment of all or substantially all of
     the assets of the Employer and its subsidiaries to any third party.

   1.6 "EMPLOYER INFORMATION" means Confidential Information and Trade Secrets.

   1.7 "CONFIDENTIAL INFORMATION" means data and information relating to the
business of the Employer (which does not rise to the status of a Trade Secret)
which is or has been disclosed to the Executive or of which the Executive became
aware as a consequence of or through the Executive's relationship to the
Employer and which has value to the Employer and is not generally known to its
competitors. Confidential Information shall not include any data or information
that has been voluntarily disclosed to the public by the Employer (except where
such public disclosure has been made by the Executive without authorization) or
that has been independently developed and disclosed by others, or that otherwise
enters the public domain through lawful means.

   1.8 "DISABILITY" shall mean the inability of the Executive to perform each of
his material duties under this Agreement for the duration of the short-term
disability period under the Employer's policy then in effect as certified by a
physician chosen by the Employer and reasonably acceptable to the Executive.

   1.9 "EFFECTIVE DATE" shall mean the date of the merger between the Employer
and Cavalry Bancorp, Inc.

   1.10 "INITIAL TERM" shall mean that period of time commencing on the
Effective Date (the "Beginning Date") and running until the close of business on
the last business day immediately preceding the third anniversary of the
Beginning Date.


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   1.11 "TERM" shall mean the last day of the Initial Term or most recent
subsequent renewal period.

   1.12 "TRADE SECRETS" means Employer information including, but not limited
to, technical or nontechnical data, formulas, patterns, compilations, programs,
devices, methods, techniques, drawings, processes, financial data, financial
plans, product plans or lists of actual or potential customers or suppliers
which:

          (a) derives economic value, actual or potential, from not being
     generally known to, and not being readily ascertainable by proper means by,
     other persons who can obtain economic value from its disclosure or use; and

          (b) is the subject of efforts that are reasonable under the
     circumstances to maintain its secrecy.

2. DUTIES.

   2.1 POSITION. The Executive is employed initially as the RUTHERFORD COUNTY
AREA EXECUTIVE of the Employer and, subject to the direction of the Board of
Directors of the Employer or its designees, shall perform and discharge well and
faithfully the duties which may be assigned to him from time to time by the
Employer in connection with the conduct of its business.

   2.2 FULL-TIME STATUS. In addition to the duties and responsibilities
specifically assigned to the Executive pursuant to Section 2.1 hereof, the
Executive shall:

          (a) devote substantially all of his time, energy and skill during
     regular business hours to the performance of the duties of his employment
     (reasonable vacations and reasonable absences due to illness excepted) and
     faithfully and industriously perform such duties;

          (b) diligently follow and implement all reasonable and lawful
     management policies and decisions communicated to him by the Board of
     Directors of the Employer; and

          (c) timely prepare and forward to the Board of Directors of the
     Employer all reports and accountings as may be requested of the Executive.

     2.3 PERMITTED ACTIVITIES. The Executive shall devote his entire business
time, attention and energies to the Business of the Employer and shall not
during the Term be engaged (whether or not during normal business hours) in any
other business or professional activity, whether or not such activity is pursued
for gain, profit or other pecuniary advantage; but this shall not be construed
as preventing the Executive from:

          (a) investing his personal assets in businesses which (subject to
     clause (b) below) are not in competition with the Business of the Employer
     and which will not


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     require any services on the part of the Executive in their operation or
     affairs and in which his participation is solely that of an investor;

          (b) purchasing or otherwise acquiring an ownership interest in any
     entity provided that such interest shall not result in him collectively
     owning beneficially at any time five percent (5%) or more of any entity or,
     to the extent applicable, five percent (5%) or more of the stock, capital
     or profits of any entity in competition with the Business of the Employer;
     and

          (c) participating in civic and professional affairs and organizations
     and conferences, preparing or publishing papers or books or teaching so
     long as the Board of Directors of the Employer approves of such activities
     prior to the Executive's engaging in them.

Notwithstanding the foregoing provisions of this Section 2.3, the Executive may
provide services to any entity and may engage in such additional investment
activities to the extent such services and such additional investment activities
have been expressly approved in writing by the Board of Directors of the
Employer.

3. TERM AND TERMINATION.

     3.1 TERM. This Agreement shall remain in effect for the Term. While this
Agreement remains in effect it shall automatically renew each day after the
Effective Date so that the Term remains a three-year term from day-to-day
hereafter unless the Employer or the Executive gives written notice to the other
of its intent that the automatic renewals shall cease. In the event such notice
of non-renewal is properly given, this Agreement and the Term shall expire on
the third anniversary of the thirtieth (30th) day following the date such
written notice is received.

     3.2 TERMINATION. During the Term, the employment of the Executive under
this Agreement may be terminated only as follows:

          3.2.1 By the Employer:

               (a) For Cause, upon written notice to the Executive pursuant to
          Section 1.4.1 hereof, where the notice has been approved by a
          resolution passed by two-thirds of the directors of the Employer then
          in office;

               (b) Without Cause at any time, provided that the Employer shall
          give the Executive thirty (30) days' prior written notice of its
          intent to terminate, in which event the Employer shall be required to
          continue to meet its obligations to the Executive under Section 4.1
          for a period equal to the remaining Term of the Agreement; or

               (c) Upon the Disability of Executive at any time, provided that
          the Employer shall give the Executive thirty (30) days' prior written
          notice of its intent to terminate, in which event, the Employer shall
          be required to continue to meet its

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          obligations under Section 4.1 for a period of six (6) months or until
          the Executive begins receiving payments under the Employer's long-term
          disability policy, whichever occurs first.

          3.2.2    By the Executive:

               (a) For Cause, in which event the Employer shall be required to
          continue to meet its obligations under Section 4.1 for a period equal
          to the lesser of (i) twelve (12) months following the termination or
          (ii) the remaining Term of the Agreement; or

               (b) Without Cause or upon the Disability of the Executive,
          provided that the Executive shall give the Employer sixty (60) days'
          prior written notice of his intent to terminate.

          3.2.3    At any time upon mutual, written agreement of the parties.

          3.2.4    Notwithstanding anything in this Agreement to the contrary,
   the Term shall end automatically upon the Executive's death.

     3.3 CHANGE OF CONTROL. Upon a Change of Control, as defined in Paragraph
1.5, the Executive, or in the event of his subsequent death, his designated
beneficiaries or his estate, as the case may be, shall receive, as liquidated
damages, in lieu of all other claims, a severance payment equal to 2.99 times
the Executive's "base amount" as defined in Internal Revenue Code Section
280G(b)(1), less any other payments being made to Executive which would cause
such aggregate compensation to be deemed "parachute payments" as also defined in
Internal Revenue Code Section 280G, to be paid in full on the last day of the
month following the date of termination. The Executive and his immediate family
will continue to receive the health insurance plan benefits then in effect for
employees of the Employer for a period of three years to include payment of the
Employer funded portion of the plan.

     3.4 EFFECT OF TERMINATION. Upon termination of the Executive's employment
hereunder, the Employer shall have no further obligations to the Executive or
the Executive's estate with respect to this Agreement, except for the payment of
salary and bonus amounts, if any, accrued pursuant to Sections 4.1 and 4.2
hereof and unpaid as of the effective date of the termination of employment and
payments set forth in Sections 3.2.1(a),(c) or (d); Section 3.2.2(a); Section
3.3; Section 3.5 and/or Section 4.4, as applicable. Nothing contained herein
shall limit or impinge upon any other rights or remedies of the Employer or the
Executive under any other agreement or plan to which the Executive is a party or
of which the Executive is a beneficiary.

     3.5 TAX INDEMNITY. In the event it shall be determined that any payment or
benefits by the Employer to the Executive (a "Payment") would subject the
Executive to an excise tax under Section 4999 of the Internal Revenue Code (the
"Code") (or any successor federal tax law), or any interest or penalties are
incurred or paid by the Executive with respect to such excise tax (any such
excise tax, together with any interest and penalties, are hereinafter
collectively referred to as the "Excise Tax"), then the Executive shall be
entitled to an additional payment


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from the Employer as is necessary (after taking into account all federal, state
and local taxes (regardless of type, whether income, excise or otherwise)
imposed upon the Executive as a result of the receipt of the payment
contemplated by this Agreement) and any reduction in such taxes of the Executive
as a result of the payment of the related Excise Tax) to place the Executive in
the same after-tax position the Executive would have been in had no Excise Tax
been imposed upon or incurred or paid by the Executive (the "Tax Indemnity").
The Employer's tax accountants shall determine, utilizing such reasonable
assumptions as it considers necessary, whether a Payment would subject the
Executive to the Excise Tax within thirty (30) days after receipt of a written
request from the Employer or the Executive in which the requesting party
verifies that a Payment has been made and requests an appropriate determination.
The requesting party shall provide the other party with a copy of any such
written request. The tax accountants shall determine whether a Tax Indemnity
obligation exists and, if so, the amount of the Tax Indemnity and shall provide
supporting documentation to both the Employer and the Executive. The Employer
shall pay the Executive any Tax Indemnity so determined in a lump sum in cash
within thirty (30) days following the release of the related determination by
the outside auditor; provided, however, that any such payment may be reduced by
applicable legal withholdings. In the event that the Internal Revenue Service
subsequently assesses an Excise Tax that is greater than the tax previously
calculated by the outside auditor, the Employer shall make an additional Tax
Indemnity payment, as calculated by the outside auditor in a manner consistent
with the provisions of this Section 3.5, to the Executive within thirty (30)
days of the date of such assessment.

4. COMPENSATION. The Executive shall receive the following salary and benefits
during the Term, except as otherwise provided below:

     4.1 BASE SALARY. During the Initial Term, the Executive shall be
compensated at a base rate of $175,000 per year (the "Base Salary"). The
Executive's Base Salary shall be reviewed by the Board of Directors of the
Employer at least annually, and the Executive shall be entitled to receive
annually an increase in such amount, if any, as may be determined by the Board
of Directors of the Employer based on its evaluation of Executive's performance.
Base Salary shall be payable in accordance with the Employer's normal payroll
practices.

     4.2 INCENTIVE COMPENSATION. The Executive shall be entitled to annual bonus
compensation, if any, as determined by the Board of Directors of the Employer
pursuant to any incentive compensation program as may be adopted from time to
time by the Employer.

     4.3 HEALTH INSURANCE.

          (a) In the event of termination by the Executive for Cause (Section
     3.2.2(a)), the Employer shall reimburse Executive for the cost of premium
     payments paid by the Executive to continue his then existing health
     insurance for himself and his eligible dependents as provided by the
     Employer for a period of three (3) months following the date of termination
     of employment.

          (b) In the event of a termination by the Employer without Cause
     (Section 3.2.1(c)), the Employer shall reimburse the Executive for the cost
     of premium payments


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     paid by the Executive to continue his then existing health insurance
     for himself and his eligible dependents as provided by Employer for the
     remaining Term of this Agreement.

     4.4 AUTOMOBILE. Executive will retain the vehicle that he is presently in
possession of and that was purchased by Cavalry Bank and the Employer will
transfer title of the vehicle to the Executive.

     4.5 BUSINESS EXPENSES; MEMBERSHIPS. The Employer specifically agrees to
reimburse the Executive for:

          (a) reasonable and necessary business (including travel) expenses
     incurred by him in the performance of his duties hereunder, as approved by
     the Board of Directors of the Employer; and

          (b) beginning as of the Effective Date, the dues and business related
     expenditures, including initiation fees, associated with membership in a
     single civic association both as selected by the Executive and in
     professional associations which are commensurate with his position;
     provided, however, that the Executive shall, as a condition of
     reimbursement, submit verification of the nature and amount of such
     expenses in accordance with reimbursement policies from time to time
     adopted by the Employer and in sufficient detail to comply with rules and
     regulations promulgated by the Internal Revenue Service.

     4.6 PERSONAL DAYS. On a non-cumulative basis, the Executive shall be
entitled to twenty-five (25) personal days in each successive twelve-month
period during the Term, during which his compensation shall be paid in full.

     4.7 BENEFITS. In addition to the benefits specifically described in this
Agreement, the Executive shall be entitled to such benefits as may be available
from time to time to executives of the Employer similarly situated to the
Executive. All such benefits shall be awarded and administered in accordance
with the Employer's standard policies and practices. Such benefits may include,
by way of example only, profit-sharing plans, retirement or investment funds,
dental, health, life and disability insurance benefits and such other benefits
as the Employer deems appropriate.

     4.8 WITHHOLDING. The Employer may deduct from each payment of compensation
hereunder all amounts required to be deducted and withheld in accordance with
applicable federal and state income, FICA and other withholding requirements.

5. EMPLOYER INFORMATION.

     5.1 OWNERSHIP OF EMPLOYER INFORMATION. All Employer Information received or
developed by the Executive while employed by the Employer will remain the sole
and exclusive property of the Employer.

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     5.2 OBLIGATIONS OF THE EXECUTIVE. The Executive agrees:

          (a) to hold Employer Information in strictest confidence;

          (b) not to use, duplicate, reproduce, distribute, disclose or
     otherwise disseminate Employer Information or any physical embodiments of
     Employer Information; and

          (c) in any event, not to take any action causing or fail to take any
     action necessary in order to prevent any Employer Information from losing
     its character or ceasing to qualify as Confidential Information or a Trade
     Secret.

In the event that the Executive is required by law to disclose any Employer
Information, the Executive will not make such disclosure unless (and then only
to the extent that) the Executive has been advised by independent legal counsel
that such disclosure is required by law and then only after prior written notice
is given to the Employer when the Executive becomes aware that such disclosure
has been requested and is required by law. This Section 5 shall survive for a
period of twelve (12) months following termination of this Agreement for any
reason with respect to Confidential Information, and shall survive termination
of this Agreement for any reason for so long as is permitted by applicable law,
with respect to Trade Secrets.

     5.3 DELIVERY UPON REQUEST OR TERMINATION. Upon request by the Employer, and
in any event upon termination of his employment with the Employer, the Executive
will promptly deliver to the Employer all property belonging to the Employer,
including, without limitation, all Employer Information then in his possession
or control. The Executive agrees that the covenants contained in Section 5 of
this Agreement are of the essence of this Agreement; that the covenant is
reasonable and necessary to protect the business, interests and properties of
the Employer.

6. NONCOMPETITION AND NONSOLICITATION. The Executive acknowledges that the
services to be rendered by the Employee to the Employer are of a special and
unique character. The Executive agrees that, in consideration of his employment,
the Executive will not, for two (2) years following the date of termination or
at any time during which the Employer is paying salary or bonus amounts pursuant
to Sections 4.1 and 4.2 hereof, either on the Executive's own account or for any
other person or entity, directly or indirectly, within the geographic region for
which Executive rendered services for the Employer, (i) engage, whether as
principal, agent, investor, representative, shareholder, officer, employee,
consultant or otherwise, for remuneration in any form, in any activity or
business venture that is competitive with the business of the Employer, (ii)
solicit or endeavor to solicit away from the Employer any person who was, during
any portion of the Executive's employment with the Employer, a director,
officer, employee, agent or consultant of the Employer, whether or not such
person would commit a breach of such person's contract of employment by reason
of leaving the service of the Employer, or (iii) service, solicit or endeavor to
solicit away any of the clients or customers of the Employer.

     The Employer's obligation to make payments or provide for any benefits
under this Agreement will cease upon a violation of the preceding provisions of
this Section. The Executive acknowledges that the Employer may be severely and
irreparably damaged in the event the

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Executive violates the provisions of this Section, and that the extent of the
damage may be difficult or impossible to determine. Therefore, the Executive
agrees that, in addition to the remedies provided above, the Employer will be
entitled to equitable relief, including a preliminary as well as a permanent
injunction (without the necessity of posting a bond). The Executive's agreement
as set forth in this Section will (i) continue throughout the duration of the
Executive's employment with the Employer; and (ii) survive the termination of
this Agreement and/or the termination of the Executive's employment with the
Employer, whether or not such termination is voluntary or is the result of
termination of the Executive by the Employer with or without Cause.

     If, however, the Employer undergoes a Change of Control, as defined in
Section 1.5 of this Agreement, or if the Executive's employment is terminated
without cause, then the Executive's obligations under this Section 6 of the
Agreement will be released.

     If any restriction in this Section is adjudicated to exceed the time,
geographic, service or other limitations permitted by applicable law in the
applicable jurisdiction, then the Executive agrees that such may be modified and
narrowed, either by a court or the Employer, to the maximum time, geographic,
service or other limitations permitted by applicable law, so as to preserve and
protect the Employer's legitimate business interest, without negating or
impairing any other restrictions or undertaking set forth in this Agreement.

7. SEVERABILITY. The parties agree that each of the provisions included in this
Agreement is separate, distinct and severable from the other provisions of this
Agreement and that the invalidity or unenforceability of any Agreement provision
shall not affect the validity or enforceability of any other provision of this
Agreement. Further, if any provision of this Agreement is ruled invalid or
unenforceable by a court of competent jurisdiction because of a conflict between
the provision and any applicable law or public policy, the provision shall be
redrawn to make the provision consistent with and valid and enforceable under
the law or public policy.

8. NO SET-OFF BY THE EXECUTIVE. The existence of any claim, demand, action or
cause of action by the Executive against the Employer, or any Affiliate of the
Employer, whether predicated upon this Agreement or otherwise, shall not
constitute a defense to the enforcement by the Employer of any of its rights
hereunder.

9. NOTICE. All notices and other communications required or permitted under this
Agreement shall be in writing and, if mailed by prepaid first-class mail or
certified mail, return receipt requested, shall be deemed to have been received
on the earlier of the date shown on the receipt or three (3) business days after
the postmarked date thereof. In addition, notices hereunder may be delivered by
hand or overnight courier, in which event the notice shall be deemed effective
when delivered. All notices and other communications under this Agreement shall
be given to the parties hereto at the following addresses:

                  (i)      If to the Employer:

                           Hugh M. Queener
                           Chief Administrative Officer




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                           211 Commerce Street, Suite 300
                           Nashville, TN  37201

                   (ii)    If to the Executive:


                           ---------------------------------
                           ---------------------------------

10. ASSIGNMENT. Neither party hereto may assign or delegate this Agreement or
any of its rights and obligations hereunder without the written consent of the
other party to this Agreement.

11. WAIVER. A waiver by one party to this Agreement of any breach of this
Agreement by the other party to this Agreement shall not be effective unless in
writing, and no waiver shall operate or be construed as a waiver of the same or
another breach on a subsequent occasion.

12. ARBITRATION. Any controversy or claim arising out of or relating to this
contract, or the breach thereof, shall be settled by binding arbitration in
accordance with the Commercial Arbitration Rules of the American Arbitration
Association. Judgment upon the award rendered by the arbitrator may be entered
only in a state court of Tennessee or the federal district court for the Middle
District of Tennessee. The Employer and the Executive agree to share equally the
fees and expenses associated with the arbitration proceedings.

13. ATTORNEYS' FEES. In the event that the parties have complied with this
Agreement with respect to arbitration of disputes and litigation ensues between
the parties concerning the enforcement of an arbitration award, the party
prevailing in such litigation shall be entitled to receive from the other party
all reasonable costs and expenses, including without limitation attorneys' fees,
incurred by the prevailing party in connection with such litigation, and the
other party shall pay such costs and expenses to the prevailing party promptly
upon demand by the prevailing party.

14. APPLICABLE LAW. This Agreement shall be construed and enforced under and in
accordance with the laws of the State of Tennessee.

15. INTERPRETATION. Words importing any gender include all genders. Words
importing the singular form shall include the plural and vice versa. The terms
"herein", "hereunder", "hereby", "hereto", "hereof" and any similar terms refer
to this Agreement. Any captions, titles or headings preceding the text of any
article, section or subsection herein are solely for convenience of reference
and shall not constitute part of this Agreement or affect its meaning,
construction or effect.

16. ENTIRE AGREEMENT. This Agreement embodies the entire and final agreement of
the parties on the subject matter stated in this Agreement. No amendment or
modification of this Agreement shall be valid or binding upon the Employer or
the Executive unless made in writing and signed by both parties. All prior
understandings and agreements relating to the subject matter of this Agreement
are hereby expressly terminated and superseded; provided, however, that no
provision


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of this Agreement shall serve to terminate or in any way diminish any rights,
privileges or benefits to which Executive may be entitled under any previous
agreement.

17. RIGHTS OF THIRD PARTIES. Nothing herein expressed is intended to or shall be
construed to confer upon or give to any person, firm or other entity, other than
the parties hereto and their permitted assigns, any rights or remedies under or
by reason of this Agreement.

18. SURVIVAL. The obligations of the Executive pursuant to Section 5 shall
survive the termination of the employment of the Executive hereunder for the
period designated under each of those respective sections.

19. JOINT AND SEVERAL. The obligations of the Employer to Executive hereunder
shall be joint and several.


                  [Remainder of Page Intentionally Left Blank]


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     IN WITNESS WHEREOF, the Employer and the Executive have executed and
delivered this Agreement as of the date first shown above.

                              THE EMPLOYER:

                              PINNACLE NATIONAL BANK

                              By:
                                 ----------------------------------------------
                              Print Name:
                                         --------------------------------------
                              Title:
                                    -------------------------------------------



                              THE EXECUTIVE:



                              -------------------------------------------------
                              WILLIAM S. JONES




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