Forbes Names Pinnacle One of 'America's Most Trustworthy Companies'
Forbes magazine has named Pinnacle Financial Partners one of “America’s Most Trustworthy Companies.”
Forbes worked with independent corporate governance analytics firm GMI Ratings to publish the list of 100 companies on American exchanges that are the most transparent and trustworthy.
“With corporate trust at an all-time low, I’m honored that Pinnacle is being recognized for our openness and transparency," said Terry Turner, Pinnacle’s president and CEO. “Since our founding we’ve been named the best employer in Tennessee, received national awards for client satisfaction and produced some of the highest shareholder returns among publicly traded banks, but this is by far the most important recognition to me personally.”
GMI’s quantitative and qualitative analysis looks beyond the raw data on companies’ income statements and balance sheets to assess the true quality of corporate accounting and management practices, according to Forbes.
To create the list, GMI examined more than 8,000 companies traded on U.S. exchanges with market caps of $250 million or more. Pinnacle is included in the Small-Cap Company category with a current accounting and governance risk score of 94 out of a possible 100. Pinnacle is the only Tennessee financial services firm on the list.
This is the fifth year Forbes has published the results, which can be found at http://www.forbes.com/sites/jacquelynsmith/2012/03/20/americas-most-trustworthy-companies/.
Pinnacle Financial Partners provides a full range of banking, investment, mortgage and insurance products and services designed for small- to mid-sized businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. Comprehensive wealth management services, such as financial planning and trust, help clients increase, protect and distribute their assets.
The firm began operations in a single downtown Nashville location in October 2000 and has since grown to over $4.86 billion in assets at Dec. 31, 2011. In 2007, Pinnacle launched an expansion into Knoxville, Tenn. At Dec. 31, 2011, Pinnacle is the second-largest bank holding company headquartered in Tennessee, with 29 offices in eight Middle Tennessee counties and three offices in Knoxville. The firm was also added to Standard & Poor’s SmallCap 600 index in 2009. For more information, visit www.pnfp.com.