Pinnacle Financial Partners is a Top 10 Bank in Huntsville by Deposits

The firm holds $524.54 million in local deposits according to FDIC data

Pinnacle Financial Partners, a bank based in Nashville, TN, continues its rapid growth in North Alabama. The firm grew local deposits in the Huntsville MSA by $176.74 million over the last year, for a total of $524.54 million. That's an annual growth rate of 50.82 percent to reach 4.29 percent of local market share. That places the firm at No. 8 on the list of biggest banks by deposits in the Huntsville MSA, up from No. 11 in 2024, according to FDIC data.

"We're proud to see more people choosing Pinnacle every year," said Jason Baldwin, regional president. "Our success comes from the passion our associates bring to serving clients and building lasting relationships. That commitment continues to set us apart and drive our growth."

Statewide, Pinnacle holds more than $1 billion in deposits, having grown by $339.75 million in the 12 months ended June 30, 2025, a growth rate of 50.71 percent. In the Birmingham MSA, Pinnacle is No. 19 with $485.20 million in deposits, having grown by $163 million in the period for an annual growth rate of 50.59 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, at a time when competition for bank deposits has been incredibly fierce.

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 Alabama in the summer of 2021 by hiring a team of local financial services professionals to open offices in Huntsville and Birmingham. The firm was named No.1 on the list of the Best Places to Work in Birmingham, medium company category by the Birmingham Business Journal in 2025 and No. 2 on the on the list of Best Places to Work in Huntsville, small company category by the Huntsville/Madison County Chamber in 2024.

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.