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Pinnacle Financial Partners, Inc. (PNFP) is a financial holding company headquartered in Nashville, Tennessee. Through its wholly-owned subsidiary, Pinnacle Bank, the company offers a comprehensive array of banking, investment, trust, mortgage, and insurance products and services. These services are tailored to meet the needs of businesses, business owners, and individuals seeking a full-service relationship with their financial institution.
Pinnacle focuses on recruiting top-tier financial professionals to deliver personalized and professional service. The company's commitment to its employees and clients has earned it high rankings, including No. 34 on Fortune’s 2017 list of the 100 Best Companies to Work For, and American Banker's recognition as the sixth best bank to work for in 2016.
Founded in October 2000, Pinnacle began operations in a single location in downtown Nashville. Today, it operates in the four largest markets in Tennessee—Nashville, Memphis, Knoxville, and Chattanooga—along with several surrounding counties. The company's growth strategy includes strategic mergers and acquisitions, which have significantly expanded its footprint and service offerings.
Pinnacle Bank provides a diverse range of lending products, including commercial, real estate, and consumer loans. It primarily serves small to medium-sized businesses and individuals, with a substantial portion of its loan portfolio dedicated to commercial and industrial real estate loans. The bank generates most of its revenue through net interest income, underscoring its focus on traditional banking activities.
Furthermore, Pinnacle offers securities through Raymond James Financial Services, Inc., ensuring a robust selection of investment options for its clients. Pinnacle Asset Management and Pinnacle Bank operate independently of Raymond James Financial Services, Inc., offering a broad spectrum of financial solutions.
For more information about Pinnacle Financial Partners, visit their official website at www.pnfp.com.
Pinnacle Financial Partners, Inc. (PNFP) announced a cash dividend of $0.22 per share, set for payment on May 26, 2023, to shareholders on record as of May 5, 2023. Additionally, the board approved a dividend of approximately $3.8 million, equating to $16.88 per share, on its 6.75% Series B Non-Cumulative Perpetual Preferred Stock, payable on June 1, 2023, to those on record by May 17, 2023. The future dividend payments will require board approval. Pinnacle operates as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, holding approximately $45.1 billion in assets as of March 31, 2023. The firm ranks highly among U.S. banks for workforce satisfaction.
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