Pinnacle Grows Local Triad Deposits to $3.39 Billion

Pinnacle Financial Partners' growth in the Triad area continues as the firm added $208.25 million in local deposits in the combined MSAs over the last year, for a total of $3.39 billion, according to data from the FDIC.

In Greensboro-High Point MSA, Pinnacle is the No. 3 largest bank by deposits and grew local deposits by $107.12 million for a total $2.14 billion. That's an annual growth rate of 5.26 percent to reach 13.21 percent of local market share.

In Winston-Salem MSA, Pinnacle rose to the No. 5 largest bank by deposits. It grew local deposits by $89.95 million in the 12 months ended June 30, 2025, for a total of $1.11 billion. That's an annual growth rate of 8.81 percent to reach 7.49 percent of local market share.

In nearby Burlington, Pinnacle is the No. 7 largest bank with a total of $143.3 million in deposits last year. That represents an 8.51 annual growth rates to reach 5.30 percent of the local market share.

"Every new relationship is an opportunity we're grateful for," said David Allen, Pinnacle's regional chairman. "The success we're experiencing reflects the dedication of our associates, who consistently put clients at the center of everything they do."

Statewide, Pinnacle is the 11th largest bank in North Carolina in terms of deposits, with $6.94 billion at June 30, 2025.

Across its footprint, Pinnacle grew deposits in 23 out of 27 MSAs in which it operates, including eight with double-digit growth and three with triple-digit growth. The firm grew share in 22 of those markets and was one of five leading growth performers in 15 of those markets.

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 is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2025 deposit data from the FDIC. Pinnacle is No. 9 on FORTUNE magazine's 2025 list of 100 Best Companies to Work For® in the U.S., its ninth consecutive appearance and was recognized by American Banker as one of America's Best Banks to Work For 12 years in a row and No. 1 among banks with more than $10 billion in assets in 2024.

Pinnacle entered the North Carolina market in 2017 when it acquired BNC Bancorp, offering community bank service with the resources and sophistication of a larger firm. Pinnacle is ranked as the No. 1 workplace in the Triad, Triangle and Charlotte markets, as listed by the Triad Business Journal, Triangle Business Journal and Charlotte Observer.

The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $54.8 billion in assets as of June 30, 2025. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in several primarily urban markets across the Southeast.

Additional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at https://www.pnfp.com.