Pinnacle offices will be closed Friday, June 19, for the Juneteenth federal holiday. Find our full holiday schedule at PNFP.com/Holidays.
Pinnacle offices will be closed Friday, June 19, for the Juneteenth federal holiday. Find our full holiday schedule at PNFP.com/Holidays.
Strong hires made across Pinnacle Financial Partners’ four-state footprint have accelerated its organic growth strategy of recruiting the best bankers and the best clients from large regional and national competitors. During the third quarter, market leaders recruited 23 revenue producers with an average of 23 years of experience, including 10 C&I and private banking financial advisors. Of those 10, seven were hired in the Carolinas and Virginia, putting Pinnacle months ahead of schedule in its goal of hiring 65 C&I and private banking advisors in those markets by July 2022.
“We’ve always relied on our market leaders to find and hire the best,” said M. Terry Turner, Pinnacle’s president and CEO. “They’ve taken the ball, run with it and scored touchdown after touchdown in bringing us the top talent in their markets. As their teams grow, so do our deposits and loan books. That’s the model that has helped our firm grow to the No. 1 bank in Nashville for deposits and grow deposits by double digits in several other of our communities.”
In the Carolinas and Virginia, the plan for hiring 65 C&I financial advisors over five years advanced. With seven coming on board in the third quarter, among 14 revenue producers hired altogether in those states, the total now stands at 26 C&I and private banking advisors hired since July 1, 2017.
“Our markets in the Carolinas and Virginia are rife with opportunity for taking talented bankers from our competitors,” Turner said. “Even seasoned professionals are looking for greener pastures, and you just can’t beat our reputation for culture and autonomy. As word has spread of the world-class place to work that we’ve built, our recruiting pipeline has swelled. I expect this momentum to continue and build.”
The 14 newly hired revenue producers in these markets are:
Greenville, SC
Roanoke, VA
Raleigh, NC
Charleston, SC
Greensboro-High Point, NC
Charlotte, NC
Winston-Salem, NC
In Tennessee, Pinnacle leaders recruited nine significant revenue producers during the third quarter. Highlights of these hires include:
Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2018 deposit data from the FDIC. Pinnacle earned a place on FORTUNE’s 2017 and 2018 lists of the 100 Best Companies to Work For in the U.S., and American Banker recognized Pinnacle as one of America’s Best Banks to Work For six years in a row.
The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $24.0 billion in assets as of June 30, 2018. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in 11 primarily urban markets in Tennessee, the Carolinas and Virginia.
Additional information concerning Pinnacle, which is included in the NASDAQ Financial-100 Index, can be accessed at www.pnfp.com.
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