Pinnacle Financial Partners Continues Rapid growth in Louisville

The firm holds $262.67 million in local deposits according to FDIC data

Pinnacle Financial Partners, a bank based in Nashville, TN, continued its rapid growth in Kentucky. The firm grew local deposits in the Louisville MSA by $214.11 million over the last year, for a total of $262.67 million. That's an annual growth rate of 440.91 percent to reach 0.58 percent of local market share. That places the firm at No. 23 on the list of biggest banks by deposit market share, up from No. 31 in 2024, according to FDIC data.

"Seeing our momentum continue into 2025 is exciting," said Tom Crockett, regional president. "It shows that our approach to client service really makes a difference. Our team works every day to create meaningful relationships, and that's what keeps people coming back to Pinnacle."

Pinnacle grew deposits faster than any other bank in Kentucky during the 12 months ended June 30, 2025, with $240.82 million in growth to a total of $435.54 million. In the Bowling Green MSA, Pinnacle is No. 12 with $172.88 million in deposits, having grown by $26.71 million in the period for an annual growth rate of 18.27 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 began working in Kentucky in 2017, serving clients from Nashville, TN. The firm officially launched its first locally-based teams and offices in the state in 2022 by recruiting high-performing teams of bankers to bring Pinnacle into Bowling Green, Louisville and the surrounding areas.

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.