News Releases
Pinnacle Loans $89.6 Million to Charlotte Area Companies in Round Two of the Paycheck Protection Program
In the second round of Paycheck Protection Program lending, Pinnacle Financial Partners made 799 loans worth $89.6 million to local businesses in need across the Charlotte area. Added together with first round lending, the firm issued nearly 2,076 PPP loans worth more than $279.8 million in the market. For context, Pinnacle’s local loan growth in all of 2019 was $207.8 million.
Pinnacle Loans $25 Million to Companies in Upstate South Carolina in Round Two of the Paycheck Protection Program
In the second round of Paycheck Protection Program lending, Pinnacle Financial Partners made 355 loans worth $25 million to local businesses in need in Upstate South Carolina. Added together with first round lending, the firm issued 738 PPP loans worth more than $69.5 million in the market.
Pinnacle Loans $338.7 Million to Middle Tennessee Companies in Round Two of the Paycheck Protection Program
In the second round of Paycheck Protection Program lending, Pinnacle Financial Partners made 3,625 loans worth $338.7 million to local businesses in need across Middle Tennessee. Added together with first round lending, the firm issued nearly 9,519 PPP loans worth more than $1.2 billion in the market. For context, Pinnacle’s local loan growth in all of 2019 was $420.7 million.
Pinnacle Loans $930 Million to Companies in Round Two of the Paycheck Protection Program
In the second round of Paycheck Protection Program lending, Pinnacle Financial Partners made more than 9,000 loans worth $930 million to local businesses in need across its footprint. Combined with first round lending, the firm issued 23,778 PPP loans worth more than $3.2 billion. For context, Pinnacle’s loan growth in all of 2019 was $2.1 billion.
Two Experienced Bankers Make the Move to Pinnacle
Commercial banker Jerry Bailey and financial specialist Matthew Clark have joined Pinnacle Financial Partners’ Burlington, NC, team. Bailey is an area manager for the firm’s client advisory group, which serves middle market and commercial clients. Clark is a financial specialist for Pinnacle’s client services group.
Pinnacle is the Best Place to Work in South Carolina
Pinnacle Financial Partners was named the No. 1 Top Workplace in South Carolina in the medium-sized companies category by South Carolina Top Workplaces, as announced today by Greenville Business Magazine, Charleston Business Magazine and Columbia Business Monthly. It is the third time Pinnacle has placed in the state competition and the firm’s first first-place designation. Previous rankings were No. 5 in 2019 and No. 7 in 2020.
Pinnacle is Among 10 Best Places to Work in Chattanooga
Pinnacle Financial Partners is still one of 10 Best Places to Work in Chattanooga, as announced by EDGE magazine and Chattanooga Times Free Press. It is the second year in a row that the firm has appeared on the list.
Pinnacle Opens Loan Production Office in North Raleigh
Pinnacle Financial Partners has opened a new loan production office in North Raleigh, expanding its capacity to serve the community’s lending needs. The new office, located at 7501 Falls of Neuse Rd., is the firm’s fourth in Raleigh and ninth in the Triangle. North Raleigh is home to a growing number of large residential communities along with restaurants, large retail stores and entertainment complexes. Pinnacle’s new loan production office occupies 4,000 square feet and includes seven offices, a conference room and reception area. Because this is not a full-service office, it does not have deposit capabilities or an ATM.
Senior Lending Officer is Among Seven Financial Professionals in Memphis Who Chose Pinnacle
Pinnacle Financial Partners has welcomed seven new associates so far in 2021, including senior lending officer Alan Scrimager, who brings 19 years of financial services experience to his role at the firm’s main Memphis office at 949 S. Shady Grove Rd., and Stacy Ferrante, who joined as office leader at Pinnacle’s Oak Court office at 4445 Poplar Ave. Other new associates who joined Pinnacle’s Memphis team include Donna Wright, Ann Kelly, Nancy Simmons, Christina Crouse and Amber Patterson, all of whom are based at the firm’s Shady Grove office.
Pinnacle and Federal Home Loan Bank of Cincinnati Award $2.4 Million in Affordable Housing Grants
Affordable housing advocates from across the Nashville area gathered in Donelson this morning to celebrate $2.4 million in grants given to support 175 new housing units. Pinnacle Financial Partners distributed the funding thanks to a grant partnership with the Federal Home Loan Bank of Cincinnati (FHLB).
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