09/26/2025 | Press release | Distributed by Public on 09/26/2025 07:34
Pinnacle Financial Partners grew local deposits in the Atlanta MSA by $314.7 million in the 12 months ended June 30, 2025, bringing its total deposits in the market to $1.06 billion. That's an annual growth rate of 42.15% and raises the firm's market share to 0.43% according to FDIC deposit data as of June 30, 2025. Pinnacle is now the No. 23 biggest bank by deposits in Atlanta, up from No. 25.
"It's a remarkable milestone to cross $1 billion in deposits in Atlanta in just a few short years," said Rob Garcia, Pinnacle's regional president. "This growth is proof of the confidence our clients place in us and the extraordinary work of our associates who continue to go above and beyond to take care of them. Atlanta is one of the most dynamic markets in the country and Pinnacle is proud to be growing right alongside it."
Statewide, Pinnacle now ranks No. 31 in Georgia by deposits, up from No. 33 one year prior, with 0.3% of statewide market share at June 30, 2025. Across its footprint Pinnacle grew deposits in 23 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 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 expanded to Georgia in 2020 by hiring a team of local financial services professionals to start an office in Atlanta. The firm was named to the list of Best Places to Work in Atlanta, medium company category, four years in a row by the Atlanta Business Chronicle, including a No. 1 ranking in 2022 and No. 2 in 2023.
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.