Pinnacle Financial Partners Named Bank of the Year by Captive International

Michael Corbett named Best Banker in Captive International’s U.S. Awards

Pinnacle Financial Partners and captive insurance advisor Michael Corbett are both winners in the 2024 Captive International U.S. Awards. The firm was named Bank of the Year and Corbett was named Banker of the Year respectively. This is the first appearance for the firm and the second time Corbett received this recognition, first earning the accolade in 2022.

“I’m elated to receive this prestigious award for the second time, said Corbett. “It is incredibly humbling to be recognized for the work I am passionate about, and this achievement reinforces my commitment to excellence and work in captives. This award is not just a reflection of my efforts, but also of the incredible support and collaboration I’ve received from my team and Pinnacle as a firm.”

The Captive International awards celebrate excellence, innovation, and commitment among the top service providers in the U.S. captive insurance industry. Pinnacle and Corbett have emerged as major players in the captive insurance market. Since the start of this effort in 2020, captive deposits have exceeded $1 billion and continue to grow with supporting captives in the reinsurance area as a key objective.

“This is a reflection of the collective efforts of our team at the firm,” said Sam Belk, senior lending officer at Pinnacle. “Michael and his team of Tom Blanchard and David Shamblin have built this practice from scratch, and our associates have partnered to build relationships with clients who can benefit from captive services. When the team is aligned with a clear mission, there is no limit to what we can achieve together.”

The Captive International awards are based on responses to a comprehensive online questionnaire, as well as phone interviews with select contacts. Respondents were asked to name up to three firms or individuals with whom they’ve worked, based on their competence, expertise and innovation. Domiciles, firms and individuals were ranked on a scale with respondents providing the reasoning behind their votes.

Captive International is owned by Newton Media in the United Kingdom, drawing together content from its publications Bermuda Captive, Cayman Captive, EMEA Captive and US Captive as well as news, analysis and features created through ongoing coverage of the global captive insurance market and bespoke special reports.

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 2024 deposit data from the FDIC. Pinnacle is No. 11 on FORTUNE magazine’s 2024 list of 100 Best Companies to Work For® in the U.S., its eighth consecutive appearance and was recognized by American Banker as one of America’s Best Banks to Work For 11 years in a row and No. 1 among banks with more than $10 billion in assets in 2023.

Pinnacle Bank owns a 49 percent interest in Bankers Healthcare Group (BHG), which provides innovative, hassle-free financial solutions to healthcare practitioners and other professionals. Great Place to Work and FORTUNE ranked BHG No. 4 on its 2021 list of Best Workplaces in New York State in the small/medium business category.

The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $50.7 billion in assets as of September 30, 2024. As the second-largest bank holding company in Tennessee, Pinnacle operates in several 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.