Pinnacle adds $1.3 billion to deposits in National Capital Region, reaches top 15 in market share

Pinnacle adds $1.3 billion to deposits in National Capital Region, reaches top 15 in market share

Firm reaches No. 10 statewide as local teams build on strong momentum

McLEAN, Va. Sept. 23, 2026 - Pinnacle Financial Partners saw massive deposit growth in the National Capital Region, adding $1.3 billion in the 12 months leading up to June 30, 2026, according to new data from the FDIC. That's a 58% growth rate and moved the firm up one spot in the rankings to No. 15 in the MSA. Statewide, Pinnacle reached a $4.4 billion deposit total and ranks No. 10, with virtually all the firm's growth in Virginia coming from the Washington-Arlington-Alexandria MSA.

"We're grateful to our clients for their trust and to our team members for earning and keeping it through integration," said Rick Callicutt, chairman of the Carolinas and Virginia. "Our local leaders have stayed focused on two things: keeping great people and hiring more of them. With voluntary retention at 93 percent through integration, we've preserved the relationships and local knowledge that matter most while continuing to add experienced financial professionals who can help us grow."

Here is a breakdown of Pinnacle's results in its Virginia markets.

Washington-Arlington-Alexandria

• No. 15 by deposits with $3.5 billion
• 1.1% market share
• $1.3 billion added
• 58% growth
• Moved up one spot in rankings

Lynchburg

• No. 12 by deposits with $99 million
• 1.6% market share
• $14 million added
• 16% growth

Roanoke

• No. 4 by deposits with $888 million
• 9.7% market share
• $3 million

Across Pinnacle's footprint, the firm grew deposits in 39 MSAs measured by the FDIC and gained share in 29. The firm holds the No. 1 position in six markets across the Southeast, including Nashville, TN, and Columbus, GA, and is top 3 in 15 markets. In Nashville, Pinnacle is the No. 1 bank by deposits with $22.7 billion, and in Atlanta, No. 4 with $17.1 billion.

These results come during Pinnacle's first year as a combined company following its January 2026 merger with Synovus. Throughout integration, local financial advisors have continued to serve clients and pursue new relationships while dedicated teams work on the operational integration behind the scenes. At the same time, local leaders have kept Pinnacle's recruiting engine running, with nine new revenue-producing team members hired in the state through July 15, 2026, adding even more experienced financial professionals with deep local relationships and expertise.

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. Learn more about Pinnacle at PNFP.com.

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