Triple threat: Nashville's top lenders set pace
Music City’s three largest local lenders — Pinnacle, CapStar and Avenue banks — are a force within the Nashville banking community, making fast gains and posting results like none of their competitors.
The three upstarts — all heirs to the city’s former power lenders before the last shakeup of mergers with regional banks in the 1990s and early 2000s — are growing aggressively in the aftermath of the recession.
All three have significantly expanded their loan books and assets in the past two years, carving away at regional banks’ share of the Nashville market and distancing themselves from Middle Tennessee’s pack of community banks.
Rebounding strong, targeting talent
Pinnacle Bank came out of the recession swinging, posting huge gains last year after sizable losses during the financial crisis.
The largest Nashville-based bank, with $5.5 billion in assets, Pinnacle has the size to battle the larger regional banks in town. ...