News Releases
Pinnacle Financial Partners Forms First Dedicated Equipment Finance Team
Pinnacle Financial Partners today announced the hiring of three veteran financial advisors to spearhead an equipment finance effort with a nationwide scope. Kris Foster has joined the firm to lead the equipment finance initiative, with Greg Pinchback and Jason Fronheiser on board as financial advisors. Foster is based in Nashville, Pinchback in Houston and Fronheiser in Dallas.
Pinnacle Recruits 2 Financial Services Veterans for Gallatin Office
Pinnacle Financial Partners has hired a duo of experienced financial services professionals for its recently opened Gallatin office. Karen Celsor joins the firm from Reliant Bank as the Gallatin office leader. She has 35 years of financial services experience. Trina Woodard also joins Pinnacle from Reliant Bank. She serves as a financial advisor based at the Gallatin office and brings 26 years of experience to her role.
Pinnacle is the No. 6 Best Workplace for Women in the Nation, Continues Extensive Workplace Awards Streak
Pinnacle Financial Partners remains one of the nation’s Best Large Workplaces for Women, earning the No. 6 spot on the latest list from FORTUNE magazine and Great Place to Work®. The firm ranks among the best in the nation for the way women associates view their experience in terms of fairness and equity. In the last 12 months, Pinnacle has earned 16 national and regional workplace awards, including at least one in nearly every major market the firm serves.
Pinnacle Financial Partners Announces Dates for Third Quarter 2021 Earnings Release and Conference Call
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its third quarter 2021 financial results on Tuesday, Oct. 12, 2021, after market close. It will also host a live webcast on Wednesday, Oct. 13, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters. The third quarter 2021 earnings release will be available on the investor relations page of Pinnacle's website at www.pnfp.com.
Pinnacle Ranks No. 1 Place to Work for Sixth Time in Memphis
The Memphis Business Journal published annual “Best Place to Work” rankings today, and Pinnacle landed in the No. 1 slot again for a sixth year out of seven. The firm ranked in the “large companies” category of businesses with 150 or more employees. The first time Pinnacle won No. 1 was also its first year in the Memphis market.
Pinnacle is Still the No. 1 Bank in Nashville with $14.7 Billion in Local Deposits; Grows in 19 MSAs
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) is the No. 1 bank in its hometown of Nashville for four years running, according to FDIC deposit data as of June 30, 2021. The firm grew deposits by $922 million to $14.7 billion in the Nashville metropolitan statistical area (MSA), which includes Davidson, Williamson and Rutherford counties for a growth rate of 6.7 percent.
Pinnacle Financial Partners Grows Atlanta Deposits by 334.5% to $126 Million
Pinnacle Financial Partners grew deposits in the Atlanta MSA by nearly $100 million in a single year, with the largest growth rate among banks in the market, according to FDIC data. By adding $97.2 million to its deposit base in the 12 months ended June 30, 2021, the firm achieved a growth rate of 334.5 percent. Pinnacle now holds $126 million in local deposits.
Pinnacle Financial Partners Grows Charlotte Deposits by 24% to $1.5 Billion
Pinnacle Financial Partners has grown its deposits in the Charlotte MSA to more than $1.5 billion as of June 30, 2021, according to the latest data from the FDIC, growing by $287.2 million in a single year for a growth rate of 23.9 percent. At June 30, 2019, Pinnacle held just $820.0 million in local deposits, meaning the firm has grown 81.3 percent in the face of competition from three megabanks that control 91.9 percent of market share.
Pinnacle Financial Partners Adds $473.5 Million in Local Deposits, More than Any Other Bank in Memphis
Pinnacle added more local deposits than any other bank in Memphis during the 12 months ended June 30, 2021, growing by $473.5 million to a total of $1.7 billion, according to the latest data from the FDIC. That’s a growth rate of 38.6 percent and a total that’s nearly double what the firm held in 2019. At June 30, 2021, Pinnacle was the No. 5 bank in the market by deposits, up from No. 6 a year earlier.
Pinnacle Grows Charleston Deposits by 27.9% to $931 Million, Coastal Deposits by 23% to $1.3 Billion
Pinnacle Financial Partners has grown its deposits in the Charleston MSA by $203.0 million in the 12 months ended June 30, 2021, according to the latest data from the FDIC. That gives the firm a total of $931.0 million in local deposits—a growth rate of 27.9 percent. Pinnacle is now the sixth largest bank in Charleston by deposits, up from No. 8 in 2020.
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