News Releases
Pinnacle's Michael Corbett Receives Captive Insurance Award From Captive International
Pinnacle Financial Partners captive insurance advisor Michael Corbett was named Individual Banker of the Year in Captive International’s U.S. Awards, which recognize the best-in-class service providers in the U.S. captive insurance industry. Corbett is the individual winner in the banking services category. The Captive International awards are based on responses to a comprehensive online questionnaire, as well as phone interviews with select contacts.
Experienced Community Association Advisor Noni Roan Joins Pinnacle
Noni Roan has joined Pinnacle Financial Partners’ community association team as a financial advisor based in the firm’s National Capital Region. Roan has 20 years of community association experience and has served on the property management side of the industry, as well as the financial services side. Most recently she was vice president and regional account executive for CIT, a division of First Citizens Bank, in Washington, DC.
Pinnacle is One of the Nation's Best Workplaces for Women
Pinnacle is in the top three Best Workplaces for Women, according to FORTUNE magazine and Great Place to Work®. The firm landed at No. 2 in 2022, among big brands Hilton, Cisco and American Express. It's the fifth consecutive year Pinnacle has been recognized among the best in the nation for the way women associates view their experience in terms of fairness and equity.
Pinnacle is the No. 1 and Fastest Growing Bank in Nashville with $16.7 billion in local deposits, No. 3 in Tennessee with $23.4 billion
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 is a Top 15 Bank in Huntsville by Deposits After Just One Year of Service
After just one year, Pinnacle Financial Partners, a bank headquartered in Nashville, TN, is in the top half of all banks in the Huntsville MSA by deposit market share. According to data from the FDIC, the firm held $215.6 million in local deposits on June 30, 2022, placing it at No. 15 out of 33 banks in the ranking with 1.84 percent market share.
Pinnacle is the Third Largest Bank in Memphis by Deposits, Crosses $2 Billion for the First Time
Pinnacle grew local deposits in Memphis to $2.2 billion and is now the third largest bank in the MSA by deposits. According to data from the FDIC, the firm added $541.7 million in deposits in the 12 months ended June 30, 2022, for a growth rate of 31.88 percent. That was enough to move Pinnacle from No. 5 in the FDIC ranking to No. 3 with 5.36 percent market share. The Memphis MSA overall added $958.1 million in available deposits, with Pinnacle’s growth representing 56 percent of that number.
Pinnacle Grows Local Charlotte Deposits by $235.8 Million in One Year for $1.7 Billion Total
Pinnacle Financial Partners holds $1.7 billion in local deposits in the Charlotte MSA as of June 30, 2022, having added $235.8 million in that 12-month period for a growth rate of 15.86 percent. According to data from the FDIC, that makes Pinnacle the eighth largest bank by deposits in a market where the top five banks control nearly 95 percent of all available deposits. With 41 banks vying for the remaining 5 percent, Pinnacle holds 0.51 percent of Charlotte’s total deposit market share.
Pinnacle Financial Partners Grows Local Atlanta Deposits by 154.55% for a Total of $321 Million
Pinnacle Financial Partners, a bank based in Nashville, TN, grew local deposits in the Atlanta MSA by $195 million during the 12 months ended June 30, 2022, for a total of $321 million and a growth rate of 154.55 percent year-over-year. According to data from the FDIC, this puts Pinnacle among the top 50 banks in the market by deposits at a time when two megabanks that dominate the market saw a combined $36.3 billion moved out of local offices. Pinnacle ranks No. 42 on the FDIC’s market share list, up from No. 55 one year prior.
Pinnacle Grows to $3 Billion in Local Triad Deposits
Pinnacle Financial Partners grew local deposits to more than $3.0 billion in the Triad region, as of June 30, 2022, up from $2.7 billion one year prior for a growth rate of 12.28 percent. According to data from the FDIC, the firm saw significant growth in each of the three MSAs that make up the Triad region
Pinnacle Grows Local Deposits to $973 Million, Adding $169 Million in a Single Year
Pinnacle Financial Partners grew local deposits to $973.0 million in western Virginia, as of June 30, 2022, up from $803.9 million one year prior for a growth rate of 21.03 percent. According to data from the FDIC, the firm saw significant growth in each of the two MSAs that make up the market.
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