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Stock impact report

Pinnacle Grows to No. 1 Bank in Nashville for Deposits

Pinnacle Financial Partners, Inc. (PNFP) 
Last pinnacle financial partners, inc. earnings: 4/20 06:00 pm Check Earnings Report
Company Research Source: Business Wire
FDIC data show the firm grew deposits in vast majority of its market NASHVILLE, Tenn.--(BUSINESS WIRE)-- Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) is now the No. 1 bank in the Nashville metropolitan statistical area (MSA) in terms of deposits, according to June 30, 2018 data from the Federal Deposit Insurance Corporation (FDIC). The firm grew deposits in its home market by more than 26 percent year-over-year to just over $9 billion at June 30, 2018 and captured 14.67 percent of total market share. “Nashville likes banking locally, and that’s why we’ve gathered so many local deposits this year,” said M. Terry Turner, Pinnacle’s president and CEO. “Our strategy has always been to get underneath the large regional and national banks and take their market share by offering what we believe is a better banking experience. That’s exactly what we’ve done in all of our other markets, and it’s w Show less Read more
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