Pinnacle the No. 1 Small Business Lender in Middle Tennessee
NASHVILLE, Tenn., Dec. 30, 2013– Pinnacle Financial Partners is the No. 1 small business lender of banks headquartered in Middle Tennessee, according to an analysis of Sept. 30 call report data from the Federal Deposit Insurance Corp.
Pinnacle’s 5,031 outstanding small business loans totaled $681 million, putting the firm nearly $500 million above the second-place bank.
“My father used to say that everybody should do what they do best. At Pinnacle, meeting the financing needs of owner-managed businesses is what we do best,” said Terry Turner, Pinnacle’s president and chief executive officer. “Given our focus on small businesses, it’s gratifying to be the Nashville-area bank that small business owners turn to most frequently.”
The full list of small business lenders can be found in the Nashville Business Journal’s Dec. 20, 2013 issue. All banks included on the list are headquartered in the nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Robertson, Rutherford, Sumner, Williamson, Wilson and Montgomery.
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 began operations in a single downtown Nashville location in October 2000 and has since grown to almost $5.4 billion in assets at Sept. 30, 2013. At Sept. 30, 2013, Pinnacle is the second-largest bank holding company headquartered in Tennessee, with 29 offices in eight Middle Tennessee counties and four offices in Knoxville. The firm was recently recognized for its financial performance in Sandler O’Neill + Partners’ annual Sm-All Stars report for the third time. Additionally, Great Place to Work® named Pinnacle one of the best workplaces in the United States on its 2013 Best Small & Medium Workplaces list published in FORTUNE magazine. And American Banker magazine recognized Pinnacle as the best bank to work for in the country.
Additional information concerning Pinnacle, which was recently added to the NASDAQ Financial-100 Index, can be accessed at www.pnfp.com.