Pinnacle Financial Partners

Rank#1460

Market Cap15.82B

CountryUnited States

Summary

Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts. Its loan products include commercial loans, such as equipment and working capital loans; commercial real estate loans comprising investment properties and business loans secured by real estate; and loans to individuals consisting of secured and unsecured installment and term loans, lines of credit, residential first mortgage loans, and home equity loans and lines of credit, as well as provides credit cards for consumers and businesses. The company also offers various securities and other financial products; investment products; brokerage and investment advisory programs; and fiduciary and investment management services, such as personal trust, endowments, foundations, individual retirement accounts, pensions, and custody. In addition, it provides insurance agency services primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, and other middle-market advisory services. Further, the company offers treasury management, telephone and online banking, mobile banking, debit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. It serves individuals, small to medium-sized businesses, and professional entities. As of December 31, 2020, the company operated 114 offices, including 48 in Tennessee, 36 in North Carolina, 20 in South Carolina, 9 in Virginia, and 1 in Georgia. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee.

History

The company was founded on February 20, 2000, by twelve Nashville businessmen who wished to create a locally-owned financial firm. In May 2002 the company went public on the NASDAQ with the symbol PNFP. Pinnacle gained naming rights for a new skyscraper in Downtown Nashville, The Pinnacle at Symphony Place, and the company leased 65,000 square feet in the building, moving in during 2010.On January 22, 2017, Pinnacle announced it was acquiring BNC Bank of High Point, North Carolina, which has branches in North Carolina, South Carolina and Virginia. The deal, worth $1.9 billion and completed June 16, 2017, gives Pinnacle operations in four states.Pinnacle Financial Partners currently has approximately US$22.2 billion in assets and has 115 offices. In 2020, Fortune magazine ranked Pinnacle Financial Partners at number 14 on their Fortune List of the Top 100 Companies to Work For in 2020, based on an employee survey of satisfaction.As of December 31, 2020, Pinnacle Financial Partners operated 114 offices, including 48 in Tennessee, 36 in North Carolina, 20 in South Carolina, 9 in Virginia, and 1 in Georgia.On June 17, 2021, Pinnacle announced its headquarters would move to four floors of a 34-story tower in Nashville Yards, and that the bank's name would appear on top of the building.

Mission

The mission of Pinnacle Financial Partners is to provide a premier level of personal and business banking, investment and trust services, with a deep commitment to the communities where Pinnacle Financial Partners and its customers live and work.

Vision

Pinnacle Financial Partners seeks to become the trusted financial partner of choice through innovative solutions, convenient and personalized services, leading-edge financial advice and customized solutions to meet the goals of our clients.

References

https://en.wikipedia.org/wiki/Pinnacle_Financial_Partners

https://in.investing.com/equities/pinnacle-financial

https://finance.yahoo.com/quote/PNFP/profile?p=PNFP

https://www.comparably.com/companies/pinnacle-financial-partners/mission

https://www.crunchbase.com/organization/pinnacle-financial-partners

https://sec.report/CIK/0001115055

https://companiesmarketcap.com/

https://www.pnfp.com

Leadership team

Mr. Robert A. McCabe Jr. (Co-Founder & Chairman)

Mr. Michael Terry Turner (Pres, CEO & Director)