Pinnacle Financial Partners
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | February 20, 2000 |
| Headquarters | Nashville , United States |
Area served | Tennessee, North Carolina, South Carolina, Virginia, Georgia, Alabama |
| Products | Banking services |
Pinnacle Financial Partners, Inc. is a U.S.-based bank with its main office located in Nashville, Tennessee. The institution provides services throughout Tennessee, North Carolina, South Carolina, Virginia, Georgia, and Alabama. On July 25, 2025, Pinnacle expanded its footprint by acquiring Synovus through an $8.6 billion all-stock transaction, elevating it to the position of the 28th largest lender in the United States with assets totaling $116 billion.
History
Established on February 20, 2000, by a group of twelve entrepreneurs from Nashville who sought to create a community-focused financial company, Pinnacle went public in May 2002, trading on the NASDAQ under the ticker PNFP. The firm secured naming rights and leased space at The Pinnacle at Symphony Place, which became its downtown Nashville headquarters in 2010.
On January 22, 2017, Pinnacle revealed plans to acquire BNC Bank based in High Point, North Carolina, in a $1.9 billion deal that broadened its operations into North Carolina, South Carolina, and Virginia. This acquisition was finalized on June 16, 2017.
By the end of 2017, Pinnacle reported managing roughly $22.2 billion in assets and operated 115 branches. As of December 31, 2022, the bank maintained 114 branches distributed as follows: 48 in Tennessee, 37 in North Carolina, 23 in South Carolina, 10 in Virginia, 3 in Georgia, and 2 in Alabama.
On June 17, 2021, Pinnacle declared it would move its headquarters to occupy four floors within a newly constructed 34-story skyscraper at Nashville Yards. The company’s name was prominently placed atop this building.
Founded in 1996, the Housing Fund offers down payment support specifically for first-time homebuyers. On July 21, 2021, Pinnacle Financial Partners committed $10 million to their Shared Equity Program, which focuses on assisting low-income populations and underserved areas to improve both the accessibility and affordability of homeownership. The program's funding arrangement requires buyers to invest 1% of the property's value, with the program contributing 35%, while Pinnacle supplies the remaining 64%. Homeowners repay the loan incrementally, accumulating equity through a structure modeled after limited equity housing cooperatives.
This effort closely mirrors the principles of community land trusts and underscores Pinnacle’s dedication to integrating social responsibility into its business approach.