Pinnacle Keeps Ramping Up in Memphis

PNFP In The News

PNFP In The News

Pinnacle Keeps Ramping Up in Memphis

Memphis Daily News
July 28, 2016

Pinnacle Financial Partners has been steadily ramping up its presence in Memphis since entering the market last year via its acquisition of Memphis-based Magna Bank.

A little more than one year on, the Nashville-based bank has made almost two dozen additions to the team in Memphis – new hires that include revenue producers like trust and mortgage advisers.

And the bank said this week it’s starting construction at a new $20 million office development, part of which will serve as its new Memphis headquarters and will open in the fall of 2017.

The bank is relocating from its current Memphis headquarters on Quail Hollow to Boyle Investment Co.’s new Class A office building at 949 Shady Grove Road. Pinnacle has signage rights and is the construction lender for the six-story, 155,000-square-foot building, which a bank spokesman said was necessary because Pinnacle “needed to find a space that would give us some room to grow.”

Once it’s complete, Pinnacle will still have the same number of offices – five – that it does now in Memphis. Meanwhile, the bank keeps hiring in the Memphis area.

...

Full Article

Full Article