Pinnacle Outpaces C&I Hiring Projections by Adding Significant Revenue Producers in 2Q 2018

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

Raleigh, NC

Charlotte, NC

Charleston, SC

Greenville, SC

Roanoke, VA

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710006032/en/

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