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Article: Pinnacle Grows Market Share and Total Deposits Faster Than Larger Regional Bank Competitors in Nashville and Knoxville.
- Article from:
- Real Estate & Investment Business
- Article date:
- November 7, 2009
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Pinnacle Financial Partners Inc. (Nasdaq/NGS: PNFP) has grown market share and total deposits faster than its larger regional bank competitors, according to the Federal Deposit Insurance Corporation (FDIC) report for June 30, 2008, through June 30, 2009.
Pinnacle continues to be the fastest-growing financial institution in the Nashville-Davidson-Murfreesboro MSA for the most recent period, as well as the nine-year period since the firm's inception. Pinnacle also was the fastest-growing bank in the Knoxville MSA for the second time since its de novo expansion to that market in 2007.
Pinnacle grew market share to 10.52 percent in 2009, remaining the ...