Pinnacle: The leader of the pack
Terry Turner doesn’t mind sending strong signals to local bankers and Wall Street alike. His most recent message: Nashville’s largest locally based bank is not only back, it’s shooting for its next round of muscular growth.
The president and CEO of Pinnacle National Bank drew major interest from observers with recent comments that included striking growth projections and talk of acquiring a bank in the future. But underwriting those ambitions, he said in a subsequent interview, is a continued commitment to siphoning business from the “far-flung empires” of regional banks.
“I personally believe that we’ve built the largest cadre of well-known bankers (in Nashville),” Turner said.
That idea — recruiting and keeping top bankers who bring business with them — is what Turner said will fuel Pinnacle’s charge forward. The bank is projecting $1.3 billion in asset growth by 2014, and Turner argues Pinnacle (Nasdaq:PNFP) can leverage its scale without losing touch with customers.