Pinnacle Financial Partners’ longstanding hiring strategy continues to build momentum for growth across the firm’s franchise. The firm made significant commercial and industrial hires and is still running ahead of schedule in meeting its stated goal of hiring 65 C&I and private banking financial advisors in the Carolinas and Virginia. During the second quarter, the firm recruited 16 new revenue producers in these markets compared to 10 in the first quarter.
“Attracting and retaining the best bankers in our markets is the keystone of our organic growth strategy,” said M. Terry Turner, Pinnacle’s president and CEO. “That’s one of the main reasons why we put such an emphasis on creating a great internal culture and engaging workplace. In the Carolinas and Virginia, in particular, we said we wanted to bolt a strong C&I program onto an already robust CRE team. Our regional presidents did an outstanding job bringing new talent on board in the second quarter.”
In Tennessee, Pinnacle leaders have recruited several significant commercial bankers and private wealth advisors so far in 2018. Some of those include:
In the Carolinas and Virginia, the plan for hiring 65 C&I advisors over five years advanced. With six new C&I advisors on board in the second quarter, among 16 revenue producers hired altogether, the total now stands at 19 C&I advisors hired since July 1, 2017. That is nearly 50 percent ahead of projections. Those hires include a new regional president on the South Carolina Coast, a veteran advisor to lead Pinnacle’s retirement program firm-wide and a former market leader who spent his entire career at Wells Fargo. Significant recruits in these markets include:
High Point-Greensboro, NC
Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm earned a place on FORTUNE’s 2017 and 2018 lists of the 100 Best Companies to Work For in the U.S., and American Banker recognized Pinnacle as the sixth-best bank to work for in 2017.
The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $22.9 billion in assets as of March 31, 2018. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in 11 primarily urban markets in Tennessee, the Carolinas and Virginia.
Additional information concerning Pinnacle, which is included in the NASDAQ Financial-100 Index, can be accessed at www.pnfp.com.
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