Pinnacle Financial Partners

Pinnacle Financial Partners is a bank headquartered in Nashville, Tennessee operating in Middle Tennessee, East Tennessee, and, since June 2017, North Carolina, South Carolina, and Virginia.[2]

Pinnacle Financial Partners
Public
Traded as
IndustryFinance
FoundedFebruary 20, 2000 (2000-02-20)
FounderM. Terry Turner, Rob McCabe, Hugh Queener
Headquarters
The Pinnacle at Symphony Place
Nashville, Tennessee
,
U.S.
Number of locations
115 (2017)
Areas served
Tennessee, North Carolina, South Carolina, Virginia
Key people
M. Terry Turner (CEO)
ServicesFinancial services
Revenue US$ 01,147.587 million (2018)[1]
US$ 0359.440 million (2018)[1]
Total assets US$ 025,031.044 million (2018)[1]
Total equity US$ 03,965.940 million (2018)[1]
Number of employees
2,297 (2018)[1]
Websitepnfp.com

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 (6,000 m2) in the building, moving in in 2010.[3]

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.[4][5]

Pinnacle Financial Partners currently (as of Dec. 31st 2017) has approximately US$22.2 billion[6] 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.[7]

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References
  1. "Pinnacle Financial Partners, Inc. 2018 Annual Report".
  2. Pinnacle Financial Partners | Corporate Fact Sheets
  3. Pinnacle Financial Partners | Milestones
  4. Gallagher, Ron (January 23, 2017). "Bank of North Carolina acquired by Tenn.-based Pinnacle Bank". News & Observer. Retrieved January 23, 2017.
  5. Craver, Richard (June 16, 2017). "Nashville bank completes $1.9 billion purchase of BNC Bancorp". Winston-Salem Journal. Retrieved June 29, 2017.
  6. "Pinnacle Financial Highlights". Retrieved February 8, 2018.
  7. Jessica Snouwaert. "The 25 best companies to work for, based on employee satisfaction". Business Insider. Retrieved April 1, 2020.
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