Pinnacle Financial Partners Continues Rapid Growth in Myrtle Beach

Pinnacle Financial Partners, grew local deposits in the Myrtle Beach MSA by $36.07 million over the past year, for a total of $476.43 million. That's an annual growth rate of 8.19 percent to reach 3.98 percent of local market share. That places the firm at No.12 on the list of biggest banks by deposit market share, up from No. 13 in 2024, according to FDIC data.

"The trust our clients place in us is the foundation of everything we do," said Mary Garcia, regional president. "I'm proud of how our associates bring that trust to life each day through genuine care, expertise and a commitment to helping people reach their goals. That's what fuels our continued growth."

Statewide, Pinnacle holds more than $2.3 billion in deposits, making it the 10^th largest bank in South Carolina. In Charleston, Pinnacle is No. 6 with $1.24 B in deposits, having grown by $123.68M in the period for an annual growth rate of 11.07 percent. In, Spartanburg, Pinnacle is No. 13 with $119.18M in deposits, having grown by $2.12M in the period for an annual growth rate of 1.81 percent.

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, taking a greater percentage of overall local deposit pools and was a top five grower in 15 of those.

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 South Carolina market in 2017 when it acquired BNC Bancorp, offering community bank service with the resources and sophistication of a larger firm. Pinnacle was named the No. 1 Top Workplace in South Carolina, midsize companies category, in 2024, 2022 and 2021 by Charleston Business Magazine, Greenville Business Magazine and Columbia Business Monthly, with top 10 finishes in 2019 and 2020.

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.