Pinnacle Financial Partners Ranks in Top 20 by Deposits in Washington, D.C. MSA

Firm rose to be the No. 16 largest bank in the market in less than four years

Pinnacle Financial Partners is moving up fast in the Washington, D.C. banking landscape. As of June 30, 2025, the firm ranked No. 16 in the MSA by deposits, according to FDIC data-up from No. 24 just a year earlier. Total deposits in the region climbed to $2.19 billion, a year-over-year increase of $1.2 billion, or 120.2 percent.

"We are thrilled with the momentum and grateful for the trust placed in us by our clients. It's been a joy to build a bank here at Pinnacle," said Carolyne Pelton, Pinnacle's regional president.

Statewide in Virginia, Pinnacle is the No. 11 bank by deposits at June 30, 2025, with $3.16 billion and 0.97 percent of market share. In Roanoke, the firm is the No.4 largest bank by deposits, achieving 11.19 percent annual growth to a total of $890.76 million and 10.28 percent of market share at June 30, 2025. And in Lynchburg, Pinnacle notched $85.5 million in deposits for 1.40 percent market share and a No. 12 ranking.

"Our strategy is simple: attract the very best bankers in every market we serve, give them the tools to succeed, and then get out of their way," Pelton said. "Clients notice the difference immediately."

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 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 National Capital Region in November 2021 by recruiting six local financial services professionals to open an office in Northern Virginia. The firm is the No. 16 largest bank in the Washington, D.C. MSA by deposits, according to FDIC data as of June 30, 2025.

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.