Articles from Pinnacle Financial Partners

Pinnacle Financial Partners remains the largest bank in the Nashville MSA by deposits, marking seven consecutive years at No. 1. The firm held $19.7 billion in local deposits, which is 21.2 percent of the total market and 52.2 percent above the closest competitor, according to FDIC data as of and for the 12-months ended June 30, 2024. Pinnacle is No. 3 in deposit dollars added despite nearly a decade of dominance in the market.

Pinnacle Financial Partners has once again been named among the nation’s Best Large Workplaces in Financial Services and Insurance by FORTUNE magazine and Great Place to Work®, climbing to the No. 3 spot for 2024. That’s up from No. 7 in 2023 and places the firm on a top 10 list of much larger national and international brands. This marks the eighth consecutive year Pinnacle has earned this recognition, reinforcing its reputation as a destination for top-tier talent in the banking industry.

Pinnacle Financial Partners (Nasdaq/NGS: PNFP) remains one of the best workplaces in the nation for millennials. The firm earned the No. 9 spot on the latest list of Best Workplaces for Millennials from FORTUNE magazine and Great Place To Work®. This is Pinnacle’s seventh consecutive appearance. Earlier this year, it was named No. 11 on the overall list of Best Companies to Work For in the United States.

Pinnacle Financial Partners (Nasdaq/NGS: PNFP) has named Charissa Sumerlin the firm’s chief credit officer effective immediately. She succeeds Harvey White, who served as interim chief credit officer following the sudden death of Tim Huestis in late 2023. The Board of Directors unanimously voted to approve Sumerlin’s appointment at its meeting on July 16, 2024.

Pinnacle Financial Partners (Nasdaq/NGS: PNFP) is ranked as the No. 11 Best Company to Work For in the nation, according to the latest list published by Great Place to Work® and FORTUNE magazine. Pinnacle has been on the list every year since it was first eligible in 2017, and this is its highest ranking yet. In 2023, the firm came in at No. 24. Earning this spot means that Pinnacle has surpassed rigorous benchmarks, confirming its status as one of the best workplaces in America.

Pinnacle Financial Partners has earned 24 Greenwich Excellence and six Greenwich Best Brand Awards, recognizing the firm as one of very few financial institutions in the nation with measurably distinctive service quality and brands for service. These Greenwich awards are given on a national and regional basis for service to small business and middle market clients. With 30 awards, Pinnacle earned more than any other bank in the Southeast, with only one other bank in the U.S. winning more.

Pinnacle Financial Partners continues to be one of the nation’s Best Banks to Work For, having earned the No. 4 spot on the annual list compiled by American Banker magazine and Best Companies Group. The 2023 ranking is up two spots from 2022, moving the firm into the top five. Aside from Pinnacle, which has $47.5 billion in assets, the next largest bank in the top 20 has $13.4 billion. The highest-ranking bank of any comparable asset size was ranked at No. 32 with $44.9 billion. This is the firm’s 11th year to appear on the list, having been ranked ever since the program started in 2013.

Pinnacle Financial Partners is the No. 1 bank in the Nashville MSA based on deposits for the sixth consecutive year, according to FDIC data as of June 30, 2023, and rose to be the second biggest bank in Tennessee. The firm overtook Regions for the No. 2 spot statewide, adding $3.49 billion in Tennessee deposits for a total of $26.85 billion and an annual growth rate of 14.94 percent. That represents 12.10 percent of statewide market share.

Pinnacle Financial Partners has been named the No. 7 best financial services firm to work for in the country, by FORTUNE and Great Place to Work®. This is the seventh consecutive year the firm made the list, moving up two spots from No. 9 in 2022. Earlier this year, the firm was ranked No. 24 on FORTUNE’S list of the 100 Best Companies to Work For.

Pinnacle Financial Partners earned the No. 14 spot on PEOPLE magazine’s list of 100 Companies That Care, jointly chosen by the publication and Great Place to Work®. This is Pinnacle’s fourth time on this prestigious list, joining much larger international brands like Cisco, PricewaterhouseCoopers and Target and ranking higher than others like Deloitte, Capital One and Bank of America. All on the list were chosen for the generosity of their company benefits and charitable work, as well as personal accounts of the impact these organizations have made on the lives of their employees.

Pinnacle Financial Partners has released its 2022 Annual Report, which not only details its performance but also catalogs how the firm is designed from its very foundations to weather tough economic environments.

Pinnacle ranks among the best of the country’s 100 largest banks, according to a Forbes analysis. The firm landed at No. 27 on the list, higher than any other bank headquartered in Tennessee, North Carolina, South Carolina or Georgia.

Pinnacle Financial Partners is one of the nation’s Best Banks to Work For, having earned the No. 6 spot overall on the annual list compiled by American Banker magazine and Best Companies Group. This ranking is up three spots from No. 9 in 2021.

Pinnacle Financial Partners remains one of the nation’s Best Workplaces for Women, earning the No. 2 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. This is Pinnacle’s fifth appearance on the list, having previously earned this distinction in 2021, 2020, 2018 and 2017.

Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) is the No. 1 bank in Nashville in terms of deposits for the fifth consecutive year and is also the fastest growing based on deposit growth. According to FDIC data from June 30, 2022, Pinnacle holds $16.7 billion in deposits within the Nashville-Murfreesboro-Franklin MSA, which represents Davidson, Williamson and Rutherford counties. That’s an increase of more than $2 billion from one year earlier, an annual increase greater than any other bank in the market, for a growth rate of 13.97 percent. Pinnacle’s total market share in the MSA is 18.03 percent, compared to 16.43 percent at June 30, 2021.

Pinnacle Financial Partners has been named one of the top 10 best financial services firms to work for in the entire country by FORTUNE and Great Place to Work®. The firm earned the No. 9 spot on the new list, its sixth consecutive top 10 finish. Earlier in 2022, the firm was ranked No. 28 on FORTUNE’s list of the 100 Best Companies to Work For.

Pinnacle Financial Partners has again earned a spot on People Magazine’s 100 Companies That Care list, jointly chosen by the publication and Great Place to Work®. Pinnacle came in No. 35 on the list, joining much larger international brands like Target, Salesforce and Hilton, all chosen for the generosity of their company benefits and charitable work, as well as personal accounts of the impact these organizations have made on the lives of their employees.

Pinnacle Financial Partners is one of the very best workplaces in the country for members of the millennial generation, which includes associates from age 25 to 41. The firm earned the No. 7 spot on the list of Best Workplaces for Millennials from FORTUNE magazine and Great Place to Work®. Earlier in 2022, Pinnacle was named the overall No. 28 Best Company to Work For in the United States.

Pinnacle Financial Partners is one of the best and top performing banks in America, according to two separate lists released in 2022. The firm recently earned the No. 14 spot on the S&P Global Market Intelligence performance ranking. Earlier in the year, Forbes published a list of America’s Best Banks, with Pinnacle at No. 22. Both rankings are by far the highest of any other banks headquartered in Tennessee and higher than any locally based banks in North Carolina or South Carolina.

Pinnacle Financial Partners has released its 2021 Annual Report, summing up the firm’s growth in 2021 and how it is uniquely prepared for the revolution happening in employee-employer relationships. The report details how Pinnacle invests in its associates and its culture and how those investments resulted in record-high financial metrics.

Pinnacle Financial Partners (Nasdaq/NGS: PNFP) has been named one of the best places to work in Virginia for the third year in a row, and its people-centric culture continues to fuel its growth. Pinnacle earned the No. 10 spot in the large companies category on the list of the Best Places to Work from Virginia Business magazine, up from No. 11 in 2021.

Pinnacle Financial Partners has hired six experienced and proven financial professionals to lead the firm’s expansion into Washington, D.C. and the surrounding areas of Virginia and Maryland. Carolyne Pelton, formerly the director of Aerospace, Defense and Government Contracting (ADGC) at Truist, will lead the team as Pinnacle’s regional president for the National Capital Region.

Pinnacle Financial Partners is one to the 10 best banks to work for in the nation and No. 1 among banks with more than $11 billion in assets. The latest list of Best Banks to Work For from American Banker magazine ranks Pinnacle No. 9 among 90, with no other banks of similar asset size appearing on the list. This is the firm’s ninth consecutive appearance.

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. This is Pinnacle’s fourth appearance on the list, having previously earned this distinction in 2020, 2018 and 2017.

Four of Birmingham’s top financial professionals have joined Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) to serve clients in Birmingham and the surrounding region. Mark Imig, former regional manager for corporate banking at First Horizon, will lead the team as Pinnacle’s regional president in Birmingham. He is joined by Pat Sullivan and Chris Bledsoe, both experienced financial advisors serving commercial clients, and credit advisor Rayna Hawthorne.

Kroll Bond Rating Agency (KBRA) recently upgraded credit and preferred shares ratings for Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP), affirming the firm’s strategic business model and navigation of the pandemic.

Pinnacle Financial Partners (Nasdaq/NGS: PNFP) has hired a team of nine experienced financial professionals to serve clients and grow market share in Huntsville, AL. The group includes four financial advisors focused on commercial, small business and personal banking; one credit advisor; one office leader and three support and processing associates. Jason Baldwin, former market CEO for North Alabama at BBVA, will lead the team as Pinnacle’s Huntsville regional president.

Pinnacle Financial Partners captive insurance advisor Michael Corbett has been named to the Captive Review Hall of Fame, an honor given to only a few captive professionals worldwide each year. It “celebrate[s] the most influential individuals, who have contributed to the industry for decades and without whom the industry would not be where it is today,” according to the publishers of Captive Review, a London-based magazine for the global risk management and captive insurance community.

In the second round of Paycheck Protection Program lending, Pinnacle Financial Partners (Nasdaq/NGS: PNFP) 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.

For the fifth consecutive year, Pinnacle Financial Partners is one of the best places to work in the United States, according to a new list of the 100 Best Companies to Work For® from FORTUNE magazine and Great Place to Work™. The firm came in at No. 26, joining companies like Cisco, Salesforce and Hilton in having one of the most engaging and rewarding workplace cultures in the nation.