News Releases
Pinnacle Remains No. 1 Bank in Nashville with $13.8 Billion in Local Deposits, Grows 32% Firmwide
Pinnacle Financial Partners grew local deposits in the Nashville area by more than 38 percent in a single year to $13.8 billion. That’s an increase of $3.8 billion year-over-year in Davidson, Williamson and Rutherford counties. Firmwide, Pinnacle saw 32 percent deposit growth year-over-year to $25.8 billion.
Pinnacle Grows Deposits 20% in Greensboro-High Point MSA
Pinnacle Financial Partners has grown its deposits in the Greensboro-High Point MSA to $1.7 billion as of June 30, 2020, according to new data from the Federal Deposit Insurance Corporation (FDIC). Pinnacle retains its No. 4 position in the market in terms of deposits.
Pinnacle Financial Partners Crosses $1 Billion in Deposits in Chattanooga
Pinnacle Financial Partners has grown its deposits in the Chattanooga MSA to more than $1.28 billion as of June 30, 2020, according to new data from the Federal Deposit Insurance Corporation (FDIC), the first time the firm has been over the billion-dollar mark in Chattanooga. Pinnacle retains its No. 4 position in the market in terms of deposits.
Pinnacle Financial Partners Crosses $2 Billion in Deposits in Knoxville
Pinnacle Financial Partners has grown its deposits in the Knoxville MSA to more than $2.1 billion as of June 30, 2020, according to new data from the Federal Deposit Insurance Corporation (FDIC), the first time the firm has been over the $2 billion mark in Knoxville.
Pinnacle Financial Partners Crosses $1 Billion in Deposits in Charlotte
Pinnacle Financial Partners has grown its deposits in the Charlotte MSA to more than $1.2 billion as of June 30, 2020, according to new data from the Federal Deposit Insurance Corporation (FDIC). This is the first time the firm has been over the billion-dollar mark in Charlotte. As a result, Pinnacle moved up to No. 7 in the deposit market share rankings from No. 10 in 2019.
Pinnacle Grows Triangle Deposits by 23.5% to $745.4 Million
Pinnacle Financial Partners has grown its deposits in the combined MSAs that make up the Triangle to $745.4 million, according to new data from the Federal Deposit Insurance Corporation (FDIC). In Raleigh-Cary, deposits grew 36.2 percent to $485.8 million, rising to No. 13 in deposit market share from No. 14 at June 30, 2019. In Durham-Chapel Hill, the growth rate was 5 percent to $259.5 million, with Pinnacle holding steady at No. 8 in deposit market share.
Pinnacle Grows Local Deposits in Charleston by 21% to $728 Million
Pinnacle Financial Partners has grown its deposits in Charleston to $728 million, according to new data from the Federal Deposit Insurance Corporation (FDIC). During the 12 months ended June 30, 2020, Pinnacle grew local deposits by 21 percent, adding $128.4 million. Pinnacle held steady at No. 8 in the market in terms of deposits.
Pinnacle Grows Upstate Deposits by 15.9% to $367.2 Million
Pinnacle Financial Partners has grown its deposits in the combined MSAs that make up Upstate South Carolina to $367.2 million, according to new data from the Federal Deposit Insurance Corporation (FDIC). In Greenville-Anderson, deposits grew 17.3 percent to $305.7 million, elevating Pinnacle to No. 12 in deposit market share from No. 13 at June 30, 2019. In Spartanburg, the growth rate was 14.6 percent to $61.5 million, holding the firm steady at No. 14 in deposit market share.
Pinnacle is the Third Largest Bank in Roanoke by Deposits
Pinnacle Financial Partners has grown its deposits in the Roanoke MSA to more than $752.3 million as of June 30, 2020, according to new data from the Federal Deposit Insurance Corporation (FDIC). That moves the firm up to No. 3 in the deposit market share rankings from No. 4 in 2019. During the 12 months ended June 30, 2020, Pinnacle grew local deposits by $166 million, or an increase of 28.3 percent, for 9.1 percent of total market share.
Pinnacle Financial Partners Crosses $1 Billion in Deposits in Memphis
Pinnacle Financial Partners has grown its deposits in the Memphis MSA to more than $1.2 billion as of June 30, 2020, according to new data from the Federal Deposit Insurance Corporation (FDIC). As a result, Pinnacle moved up to No. 6 in the deposit market share rankings from No. 8 in 2019. This is the first time the firm has been over the billion-dollar mark for deposits in Memphis.
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