Pinnacle Financial Partners Hires Dealer Finance Industry Veteran to Grow Dealer Commercial and Floor Plan Lending Business

Industry veteran Mike Hilleboe joined Pinnacle Financial Partners as the firm’s new dealer floor plan group manager, expanding Pinnacle’s reach under the firm’s expanding dealer commercial services team. Hilleboe brings over two decades of financial services experience to the firm.

“Mike brings a level of expertise in floor plan finance that will help us grow across our footprint,” said Kris Foster, area manager for Pinnacle’s equipment finance team. “His wealth of experience and demonstrated expertise in driving revenue and fostering client relationships align seamlessly with Pinnacle’s culture of service and advice. He is a perfect example of the kind of talent drawn to our way of doing business and an exceptional addition to our team.”

Bringing Hilleboe on board underscores Pinnacle’s dedication to providing innovative solutions and fostering meaningful relationships within the automotive sector. This will allow Pinnacle’s dealer business to meet the holistic needs of their clients, whether through floor plan, real estate and/or acquisition financing, or through delivering treasury, deposit, and payment services.  Further expanding the firm’s roster of in-house specialists who are experts in their industries allows for stronger collaboration across the firm’s growing footprint while meeting the unique needs of their clients.

Prior to joining Pinnacle, Hilleboe served as the dealer team lead at Truist, where he managed a portfolio of dealer client relationships across seven states – including North Carolina where he is based. Hilleboe graduated from Florida State University with a Bachelor of Science degree in finance. He has remained actively engaged in professional and community organizations, including his church, the Greensboro Sports Council, state and local dealer associations and the AFSA Commercial Credit Committee. He’ll be working out of the firm’s Greensboro Irving Park office, located at 2201 N. Elm Street.

Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2022 deposit data from the FDIC, and is listed by Forbes as No. 27 among America’s Best Banks, higher than any other bank headquartered in Tennessee, North Carolina, South Carolina or Georgia. Pinnacle also earned a spot on the 2023 list of 100 Best Companies to Work For® in the U.S., its seventh consecutive appearance, and was recognized by American Banker as one of America’s Best Banks to Work For 10 years in a row and No. 1 among banks with more than $11 billion in assets in 2022.

Pinnacle entered the North Carolina market in 2017 when it acquired BNC Bancorp, offering community bank service with the resources and sophistication of a larger firm. Pinnacle is ranked as the No. 1 workplace in the Triad, Triangle and Charlotte markets, as listed by the Triad Business Journal, Triangle Business Journal and Charlotte Observer.

The firm began operations in a single location in downtown Nashville, Tenn., in October 2000 and has since grown to approximately $48.0 billion in assets as of Dec. 31, 2023. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in 17 primarily urban markets across the Southeast.  

Additional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at www.pnfp.com.