Pinnacle Provides $200,000 Line of Credit to Burlington Community Land Trust

Funding will support affordable housing and homeownership opportunities in historic Morrowtown community

BURLINGTON, NORTH CAROLINA - Pinnacle Financial Partners has provided a $200,000 unsecured line of credit to Burlington Community Land Trust (BCLT), expanding the nonprofit's borrowing capacity as it works to provide affordable housing for low-income residents in the historic Morrowtown community.

"Pinnacle has partnered with BCLT for the past five years and is grateful to continue working with an organization committed to transforming communities so they are safe and equitable for everyone," said Kelly Carlisle, Pinnacle office leader. "This line of credit will help BCLT continue its important work to expand access to affordable housing and create opportunities for residents."

BCLT works to promote community stewardship of land while helping residents become homeowners, build equity, prevent displacement due to gentrification and protect against economic decline. The community land trust model also gives residents a greater voice in decisions affecting local land and other community assets.

"Affordable housing is about more than a house. It is about families having the opportunity to stay connected, build equity and have a voice in their neighborhoods. Morrowtown is located in the heart of Burlington, and this investment partnership provides the pulse needed to move our work from vision to fruition and create pathways for families who may have only dreamed of homeownership to actually become and remain homeowners, "said Preston Lewis, inaugural executive director. "We are grateful for Pinnacle's partnership and for their belief in what is possible when financial institutions and community organizations invest in people, place and purpose."

The line of credit builds on Pinnacle's commitment to supporting affordable housing and expanding economic opportunity across the Triad. Through its partnership with BCLT, Pinnacle is helping increase access to sustainable homeownership while supporting long-term investment in the communities it serves. Financial education workshops will also be offered to residents interested in becoming homeowners.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc. ("Pinnacle") is a $129.1 billion asset regional bank which provides a full range of banking, investment, trust, mortgage and insurance products and services for commercial and consumer clients who want a comprehensive relationship with their financial institution. The firm joined forces with Synovus Financial Corp. in 2026, bringing together more than 160 years of combined banking service. Pinnacle is the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia. The firm is No. 1 in deposit market share* in the Nashville MSA and No. 4 in the Atlanta MSA with offices in Tennessee, Georgia, Florida, North Carolina, South Carolina, Alabama, Kentucky, Virginia and Maryland.

Pinnacle is an employer of choice for financial services professionals. The firm is No. 12 in the Fortune 100 Best Companies to Work For® in 2026, its 10th consecutive appearance. Pinnacle was also recognized by American Banker as No. 4 among America's Best Banks to Work For in 2025, its 13th consecutive year on the list, and No. 1 among banks with more than $10 billion in assets.

*As of June 30, 2026, according to FDIC data.