News Releases
Pinnacle is Still the No. 1 Bank in Nashville with $14.7 Billion in Local Deposits; Grows in 19 MSAs
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) is the No. 1 bank in its hometown of Nashville for four years running, according to FDIC deposit data as of June 30, 2021. The firm grew deposits by $922 million to $14.7 billion in the Nashville metropolitan statistical area (MSA), which includes Davidson, Williamson and Rutherford counties for a growth rate of 6.7 percent.
Pinnacle Financial Partners Grows Atlanta Deposits by 334.5% to $126 Million
Pinnacle Financial Partners grew deposits in the Atlanta MSA by nearly $100 million in a single year, with the largest growth rate among banks in the market, according to FDIC data. By adding $97.2 million to its deposit base in the 12 months ended June 30, 2021, the firm achieved a growth rate of 334.5 percent. Pinnacle now holds $126 million in local deposits.
Pinnacle Financial Partners Grows Charlotte Deposits by 24% to $1.5 Billion
Pinnacle Financial Partners has grown its deposits in the Charlotte MSA to more than $1.5 billion as of June 30, 2021, according to the latest data from the FDIC, growing by $287.2 million in a single year for a growth rate of 23.9 percent. At June 30, 2019, Pinnacle held just $820.0 million in local deposits, meaning the firm has grown 81.3 percent in the face of competition from three megabanks that control 91.9 percent of market share.
Pinnacle Financial Partners Adds $473.5 Million in Local Deposits, More than Any Other Bank in Memphis
Pinnacle added more local deposits than any other bank in Memphis during the 12 months ended June 30, 2021, growing by $473.5 million to a total of $1.7 billion, according to the latest data from the FDIC. That’s a growth rate of 38.6 percent and a total that’s nearly double what the firm held in 2019. At June 30, 2021, Pinnacle was the No. 5 bank in the market by deposits, up from No. 6 a year earlier.
Pinnacle Grows Charleston Deposits by 27.9% to $931 Million, Coastal Deposits by 23% to $1.3 Billion
Pinnacle Financial Partners has grown its deposits in the Charleston MSA by $203.0 million in the 12 months ended June 30, 2021, according to the latest data from the FDIC. That gives the firm a total of $931.0 million in local deposits—a growth rate of 27.9 percent. Pinnacle is now the sixth largest bank in Charleston by deposits, up from No. 8 in 2020.
Pinnacle Grows Triangle Deposits by 18.5% to $883.6 Million
Pinnacle Financial Partners has grown its deposits in the combined MSAs that make up the Triangle by $138.2 million to $883.6 million, according to the latest FDIC deposit data. That’s a growth rate of 18.5 percent over the 12 months ended June 30, 2021.
Pinnacle Lands Best Place to Work Award in Atlanta
The Atlanta Business Chronicle announced that Pinnacle Financial Partners is the No. 15 Best Place to Work in Atlanta in the small business category. While the firm has Best Place to Work honors in other cities, this was Pinnacle’s first entry and first win locally, just a year and a half after entering the market.
Four Talented Professionals Join Pinnacle in Huntersville, NC
Four experienced financial services professionals have joined Pinnacle Financial Partners’ Charlotte team. All four came to Pinnacle from Wells Fargo and are based at Pinnacle’s Huntersville location at 16810 Kenton Drive, Suite 220. Nicole McCoy is a financial advisor for the client services group, serving personal and small business clients. David Henkel, Bryan Sherrill and Kelly Nodine joined Pinnacle Asset Management, a division of Pinnacle Financial Partners.
Pinnacle is the Best Place to Work in the Triangle
Pinnacle Financial Partners is No. 1 among Best Places to Work in the Triangle. The Triangle Business Journal announced the ranking today, with Pinnacle placing first in the large companies category. Pinnacle is the only commercial bank in the list, and this is the first time the firm has won and participated in the program locally. The Best Places to Work program seeks “companies that go beyond the norm to foster an enjoyable and meaningful work environment for their employees,” according to the Triangle Business Journal. The competition is based on third-party research from Quantum Workplace, a leading employee engagement firm.
Pinnacle Financial Partners Leadership to Join Bankers Healthcare Group Leaders for Investor Conference Call
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced that company leaders will join leaders from Bankers Healthcare Group (BHG) to host a live webcast on Tuesday, September 14, at 8:30 a.m. CDT to review BHG’s financial results, business outlook for the firm and other matters related to BHG’s operations.
Quick Links