News Releases

Pinnacle Financial Partners is a Top 15 Bank in Huntsville by Deposits After Just One Year of Service

09-26-2022

After just one year, Pinnacle Financial Partners, a bank headquartered in Nashville, TN, is in the top half of all banks in the Huntsville MSA by deposit market share. According to data from the FDIC, the firm held $215.6 million in local deposits on June 30, 2022, placing it at No. 15 out of 33 banks in the ranking with 1.84 percent market share.

Pinnacle is the Third Largest Bank in Memphis by Deposits, Crosses $2 Billion for the First Time

09-26-2022

Pinnacle grew local deposits in Memphis to $2.2 billion and is now the third largest bank in the MSA by deposits. According to data from the FDIC, the firm added $541.7 million in deposits in the 12 months ended June 30, 2022, for a growth rate of 31.88 percent. That was enough to move Pinnacle from No. 5 in the FDIC ranking to No. 3 with 5.36 percent market share. The Memphis MSA overall added $958.1 million in available deposits, with Pinnacle’s growth representing 56 percent of that number.

Pinnacle Grows Local Charlotte Deposits by $235.8 Million in One Year for $1.7 Billion Total

09-26-2022

Pinnacle Financial Partners holds $1.7 billion in local deposits in the Charlotte MSA as of June 30, 2022, having added $235.8 million in that 12-month period for a growth rate of 15.86 percent. According to data from the FDIC, that makes Pinnacle the eighth largest bank by deposits in a market where the top five banks control nearly 95 percent of all available deposits. With 41 banks vying for the remaining 5 percent, Pinnacle holds 0.51 percent of Charlotte’s total deposit market share.

Pinnacle Financial Partners Grows Local Atlanta Deposits by 154.55% for a Total of $321 Million

09-26-2022

Pinnacle Financial Partners, a bank based in Nashville, TN, grew local deposits in the Atlanta MSA by $195 million during the 12 months ended June 30, 2022, for a total of $321 million and a growth rate of 154.55 percent year-over-year. According to data from the FDIC, this puts Pinnacle among the top 50 banks in the market by deposits at a time when two megabanks that dominate the market saw a combined $36.3 billion moved out of local offices. Pinnacle ranks No. 42 on the FDIC’s market share list, up from No. 55 one year prior.

Pinnacle Grows to $3 Billion in Local Triad Deposits

09-26-2022

Pinnacle Financial Partners grew local deposits to more than $3.0 billion in the Triad region, as of June 30, 2022, up from $2.7 billion one year prior for a growth rate of 12.28 percent. According to data from the FDIC, the firm saw significant growth in each of the three MSAs that make up the Triad region

Pinnacle Grows Local Deposits to $973 Million, Adding $169 Million in a Single Year

09-26-2022

Pinnacle Financial Partners grew local deposits to $973.0 million in western Virginia, as of June 30, 2022, up from $803.9 million one year prior for a growth rate of 21.03 percent. According to data from the FDIC, the firm saw significant growth in each of the two MSAs that make up the market.

Pinnacle Financial Partners Grows Chattanooga Deposits by $213.8 Million, Increases Market Share to More Than 10%

09-26-2022

Pinnacle grew local deposits in the Chattanooga MSA by $213.8 million in the 12 months ended June 30, 2022, for a total of $1.6 billion, a growth rate of 15.71 percent and 10.30 percent of total market share. The firm is still the fourth biggest bank in the market, according to FDIC data, and also grew deposits by $10.3 million in the Cleveland MSA to $310.6 million for a total of $1.9 billion in the Chattanooga/Southeast Tennessee market as a whole.

Pinnacle is the Best Place to Work in Memphis for the Seventh Time

09-14-2022

Pinnacle Financial Partners has been named as the Best Place to Work in Memphis once again, the seventh time in the last eight years the firm has earned the No. 1 spot. The Memphis Business Journal announced the ranking, with Pinnacle placing No. 1  in the large companies category. This is the eighth year Pinnacle has earned a place on the list.

Pinnacle Financial Partners Builds Interest Rate Derivatives Team with Walt Cherry and Mike Mezza

09-12-2022

Walt Cherry and Mike Mezza have joined Pinnacle Financial Partners as managing directors for capital markets to lead and expand the firm’s interest rate derivatives program. Both veteran financial services professionals will help Pinnacle’s commercial and middle market clients manage interest rate risk. They are based at the Atlanta Riverwood office.

Pinnacle is a Top 10 Best Workplace in the Country for Financial Services and Insurance

09-07-2022

Pinnacle Financial Partners has been named one of the top 10 best financial services firms to work for in the entire country by FORTUNE and Great Place to Work®. The firm earned the No. 9 spot on the new list, its sixth consecutive top 10 finish. Earlier in 2022, the firm was ranked No. 28 on FORTUNE’s list of the 100 Best Companies to Work For.



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