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Pinnacle is the No. 1 bank in Nashville by deposits, No. 2 in Chattanooga, No. 3 in Knoxville, No. 3 in Memphis and No. 2 in Tennessee

Firm’s local teams continue growth while serving clients through integration with Synovus


NASHVILLE, TENN., Sept 23, 2026 – Pinnacle Financial Partners continued to grow across Tennessee, reaching $32.3 billion in deposits at June 30, 2026, according to newly released FDIC data. Pinnacle now ranks No. 2 statewide, with 12.8% market share, less than one percentage point behind the No. 1 position.

“We’re grateful to our clients for continuing to trust us and to our team members for delivering an unmatched banking experience in our communities,” said Bryan Bean, state head of banking in Tennessee and Kentucky. “Our local teams continued doing what has always driven Pinnacle’s success: taking care of clients, building relationships and bringing more outstanding financial professionals onto the team. These results are evidence that our approach continues to resonate.”

The firm posted significant results in several of the state’s local markets.

Nashville

  • No. 1 by deposits with $22.7 billion
  • 21.1% market share
  • $1.1 billion added
  • 5% pro forma combined growth

Chattanooga

  • No. 2 by deposits with $2.7 billion
  • 16.9% market share
  • $151 million added
  • 6% pro forma combined growth

Knoxville

  • No. 3 by deposits with $3.6 billion
  • 13.4% market share
  • $199 million added
  • 6% pro forma combined growth

Memphis

  • No. 3 by deposits with $2.7 billion
  • 5.9% market share
  • $272 million added
  • 11% pro forma combined growth

Cleveland

  • No. 2 by deposits with $513 million
  • 14.5% market share

Across Pinnacle’s footprint, the firm grew deposits in 39 MSAs measured by the FDIC and gained share in 29. The firm holds the No. 1 position in six markets, including Nashville, TN, and Columbus, GA, and is top 3 in 15 markets. In Atlanta, Pinnacle is No. 4 with $17.1 billion. The newly released FDIC data reflects the combined deposits of legacy Pinnacle and Synovus, which had a limited amount of overlap in Tennessee.

These results come during Pinnacle’s first year as a combined company following its January 2026 merger with Synovus. Throughout integration, local financial advisors have continued to serve clients and pursue new relationships while dedicated teams work on the operational integration behind the scenes. At the same time, local leaders have kept Pinnacle’s recruiting engine running, with 27 new revenue-producing team members hired in TN through July 15, 2026, adding even more experienced financial professionals with deep local relationships and expertise.





About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc. (“Pinnacle”) is a $129.1 billion asset regional bank which provides a full range of banking, investment, trust, mortgage and insurance products and services for commercial and consumer clients who want a comprehensive relationship with their financial institution. The firm joined forces with Synovus Financial Corp. in 2026, bringing together more than 160 years of combined banking service. Pinnacle is the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia. The firm is No. 1 in deposit market share* in the Nashville MSA and No. 4 in the Atlanta MSA with offices in Tennessee, Georgia, Florida, North Carolina, South Carolina, Alabama, Kentucky, Virginia and Maryland.

Pinnacle is an employer of choice for financial services professionals. The firm is No. 12 in the Fortune 100 Best Companies to Work For® in 2026, its 10th consecutive appearance. Pinnacle was also recognized by American Banker as No. 4 among America’s Best Banks to Work For in 2025, its 13th consecutive year on the list, and No. 1 among banks with more than $10 billion in assets. Learn more about Pinnacle at PNFP.com.

*As of June 30, 2026, according to FDIC data.