By Terry Turner, Pinnacle president and CEO
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Habitat home recipient Pam Pearcy is handed the keys to her new house at a dedication ceremony for seven homes in the 500 block of East Sevier Street near downtown Mufreesboro. |
Housing remains the cornerstone of wealth for most Americans, yet the dream of home ownership is just a fantasy for most low-income Americans.
Click here for our perspective on why increasing affordable housing makes good economic sense.
You can reach Terry at (615) 744-3709 or by e-mail at terry.turner@pnfp.com.
Congratulations to Pinnacle's clients and business partners named "Best Places to Work" in their company size category by the Nashville Business Journal. The awards honor Nashville's outstanding companies, whose benefits, policies and practices have produced the area's happiest employees. Pinnacle itself received the honor for the fourth consecutive year.
The winners are:
- Baker Donelson Bearman Caldwell & Berkowitz
- Dye Van Mol & Lawrence
- e+ healthcare
- Eakin Partners
- Energy Logic
- Fridrich & Clark Realty
- Kraft CPAs
- NAI Nashville
- Street Dixon Rick Architects
- Waddey & Patterson
The majority of area business executives say they will pay year-end bonuses this year, and about 60 percent plan to give across-the-board or cost of living adjustment (COLA) raises next year.
These are findings of a survey recently taken by Pinnacle Financial Partners, with 168 Middle Tennessee business executives responding to the online “Pinnacle Pulse” survey.
- 52.7 percent of respondents will give year-end bonuses to all of their employees.
- Only 7.9 percent will give no bonus or non-sales incentive payout this year.
- The most-often cited (37.8 percent) bonus or incentive will be a cash bonus equal to 3 to 5 percent of salary.
- Of those giving increases for 2007, 43.4 percent will give raises of 3 to 4 percent.
- 36.7 percent do not expect to give across-the-board or cost of living adjustments (COLA) raises in 2007.
Click here to see the survey findings in more detail.
What can I do to stop the barrage of uninvited
mortgage mailings coming my way?
Thousands upon thousands of loan applicants begin receiving uninvited mortgage offers, sometimes as soon as 12 hours after getting a mortgage quote.
When you request a rate quote on a mortgage, the company checks your credit with one or more of the national credit bureaus. These credit bureaus then sell your information to third-party lead generators who target people who are shopping for a mortgage - a practice that some say fails to comply with the Fair Credit Reporting Act.
The good news is that you can opt out of such offers by going to www.optoutscreen.com. The site is run by the nation's four largest credit bureaus (Equifax, Experian, Innovis and TransUnion).
You'll be asked to provide personal information, but this information is confidential and used only to process the opt-out request.
Pinnacle Ranks First in Small Business Loans
For the second consecutive year, Pinnacle has been ranked as the area’s top small business lender based on its dollar volume of small business loans. The ranking is based on June 2006 call report data filed with the Federal Deposit Insurance Corp. (FDIC).
Pinnacle had $480 million in small business loans, which is nearly double that of the No. 2 lender’s $244 million. None of the large regional financial institutions were represented in the list.
Better Business Bureau Recognizes Pinnacle’s Ethics
The Williamson County branch of the Better Business Bureau has selected Pinnacle as one of 16 semi-finalists from among 100 nominees for the organization’s first annual Torch Award for Marketplace Ethics. The award recognizes businesses that exhibit the highest standards of integrity and have demonstrated a commitment to ethics in the marketplace. Award recipients will be honored at a banquet February 6 at Liberty Hall in Franklin.
West End Location Honored for Architecture
Pinnacle's West End location was recognized as an elite design project at the 17th Annual Excellence in Development Awards held at the Millennium Maxwell House last month. The awards recognize projects that have benefited the architecture and engineering industry and the lives of others.
The building, designed by Hastings Architecture Associates LLP, was one of six to be recognized in 2005 by the Middle Tennessee chapter of the American Institute of Architects.
| Pinnacle West End | An inside look |
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| Lori Brasili |
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| Joyce McMackins |
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Lori Brasili and Joyce McMackins, who bring a combined total of 63 years of experience, are new financial advisors based at Pinnacle's Rivergate office.
Lori, with 22 years of experience from First American/AmSouth/Regions Bank, was assistant branch manager.
Joyce, also assistant branch manager at First American/AmSouth/Regions Bank, brings 41 years of experience.
Pinnacle also welcomes three additional associates:
Katherine Buford, 18 years experience, consumer loan underwriter
Brenda Murphy, Treasury Management operations specialist, 26 years experience
Jalana Trent, 13 years experience, consumer loan underwriter
