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News Releases
Pinnacle is the Second Largest Bank in Chattanooga MSA by Deposits, Adds More Local Dollars Than Any Other Bank in The Market
09-27-2024
Pinnacle is now the second largest bank in the Chattanooga MSA by deposits, having grown deposits by $258.9 million in the 12 months ended June 30, 2024, for a total of $2.2 billion—the firm’s first time over the $2 billion mark locally. That’s an annual growth rate of 13.36 percent to reach 14.58 percent of local market share, according to FDIC data. No other bank in the market added more deposit dollars than Pinnacle in the period.
Pinnacle Financial Partners is the Fastest Growing Bank in Bowling Green MSA and All of Kentucky
09-27-2024
Pinnacle more than doubled its local deposits in the Bowling Green MSA in the 12 months ended June 30, 2024, for a total of $146.2 million and 3.2 percent of market share. That’s an annual growth rate of 101.9 percent, propelling the firm to be the fastest growing bank in both Bowling Green and all of Kentucky by year over year percentage growth in deposits, as well as the 12th largest bank in the MSA, according to FDIC data. That’s up from No. 15 in 2023, illustrating Pinnacle’s rapid rise as a go-to banking institution in South Central Kentucky.
Pinnacle Financial Partners Rises Five Spots in Atlanta MSA Deposit Market Share Ranking, Grows Deposits by $212.3 Million in One Year
09-27-2024
Pinnacle Financial Partners grew local deposits in the Atlanta MSA by $212.3 million in the 12 months ended June 30, 2024, for a total of $746.6 million. That’s an annual growth rate of 39.7 percent to reach 0.2 percent of local market share. The firm is tied for the No. 25 largest bank in the Atlanta MSA, according to FDIC deposit data. That’s up from No. 30 in 2023.
Pinnacle Grew Deposits by $75.7 Million in the Upstate, Rose in Greenville MSA Deposit Rankings
09-27-2024
In the combined MSAs that make up Pinnacle’s Upstate South Carolina region, the firm grew local deposits by $75.7 million in the 12 months ended June 30, 2024, for a total of $519.5 million. That’s an annual growth rate of 17.1 percent, according to FDIC data. In the Greenville-Anderson-Greer MSA, Pinnacle grew to be the No. 11 largest bank in the market by deposits, up from No. 14 on June 30, 2023, thanks to $36.4 million in local deposit growth to $402.4 million. In Spartanburg, the firm is No. 13 with $117.1 million, which represents $9.4 million in growth year-over-year.
Pinnacle Grew Deposits in National Capital Region by 56% to $995.1 Million
09-27-2024
Pinnacle Financial Partners, a Tennessee bank, is now a top 25 bank in the Washington D.C. MSA, rising to be the No. 24 largest bank by deposits as of June 30, 2024. That comes less than three years after the firm entered the market in late 2021. Pinnacle added $357.4 million in deposits in the 12 months ended June 30, 2024 for a total of $995.1 million and a growth rate of 56.1 percent—the second highest in the MSA. That’s more deposit dollar growth than any other Pinnacle market for this period.
Pinnacle Financial Partners Continues Rapid Growth in Huntsville MSA
09-27-2024
Pinnacle Financial Partners, a bank based in Nashville, TN, continues its rapid growth in northern Alabama. The firm grew local deposits in the Huntsville MSA by $46.6 million in the 12 months ended June 30, 2024, for a total of $347.8 million. That’s an annual growth rate of 15.5 percent to reach 3.1 percent of local market share. That places the firm at No. 11 on the list of biggest banks by deposit market share, up from No. 12 in 2023, according to FDIC data.
Pinnacle Grew Local Triad Deposits to $3.1 Billion, Gained Market Share Ranking in Winston-Salem and Greensboro-High Point MSAs
09-27-2024
In the combined MSAs that make up Pinnacle’s NC Central region, the firm grew local deposits by $57.8 million in the 12 months ended June 30, 2024, for a total of $3.1 billion. In Winston-Salem, Pinnacle is the No. 6 largest bank by deposits, up from No. 7 in 2023, according to FDIC data. That comes from $122.7 million in growth for a total of $1 billion, a 13.7 annual percent growth rate for 7.0 percent of market share. In Greensboro-High Point, the firm also rose in the rankings to become the third largest bank in the MSA by deposits, by growing to 12.1 percent market share and a total of $2 billion.
Pinnacle Financial Partners Remains a Top 25 Bank in Birmingham MSA by Deposits
09-27-2024
Pinnacle Financial Partners, a bank based in Nashville, TN, grew local deposits in the Birmingham MSA by $34.1 million in the 12 months ended June 30, 2024, for a total of $322.2 million. That’s an annual growth rate of 11.9 percent to reach 0.7 percent of local market share. That places the firm at No. 22 on the list of biggest banks by deposit market share, up from No. 23 in 2023, according to FDIC data.
Pinnacle is the No. 1 Bank in the Nashville MSA by Deposits
09-24-2024
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.
Veteran Financial Services Professional Joins Pinnacle Financial Partners in Winston-Salem
09-18-2024
Experienced financial services professional Craig Alden has joined Pinnacle Financial Partners as an area manager based at the firm’s Winston-Salem office on Cherry Street. Alden brings 22 years of experience to the firm.
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