Pinnacle is the No. 1 bank in Nashville by deposits and No. 4 in Atlanta as deposit growth shows continued momentum across the Southeast

FDIC market share data reflects continued execution of growth model during integration

ATLANTA & NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners (NYSE: PNFP) continued to build deposit share in key markets across the Southeast during the 12 months ending June 30, 2026, according to newly released data from the Federal Deposit Insurance Corporation.

• Pinnacle holds $98.2 billion in deposits in the covered MSAs within its footprint, representing 3.73% of market share.
  • Up $6.2 billion, or 6.7%, compared to the combined firm’s pro forma at the same point in 2025
• No. 1 in the Nashville MSA with $22.7 billion, 21.1% market share and 5% growth
• No. 4 in the Atlanta MSA with $17.1 billion, 6.7% market share and 12% growth
• 39 markets with deposit growth
• 17 markets moved up in rankings
• 17 markets with double-digit growth, 2 with triple-digit growth

The results are a snapshot of deposits on June 30, 2026, and represent the first six months of Pinnacle as a combined firm following its merger with Synovus, which closed Jan. 1, 2026. While integration work has progressed across the organization, local teams have stayed focused on serving clients, recruiting experienced financial professionals and building new relationships.

"Our clients continue to choose us, and our team members keep earning their trust. I’m grateful for both,” said Kevin Blair, president and CEO of Pinnacle Financial Partners. “Every dollar that moves to us is a client deciding that our team will serve them better. When that happens in market after market, it tells us the model works. Not many banks can manage this level of growth during integration, but Pinnacle has always been exceptional.”

In Nashville, Tennessee, Pinnacle remains the No. 1 bank by deposits with $22.7 billion and 21.1% market share. The firm added $1.1 billion, or 5% pro forma growth, from June 30, 2025, continuing its long-standing leadership in the market where Pinnacle was founded.

In Atlanta, Pinnacle is now the No. 4 bank by deposits with $17.1 billion, representing 6.7% of the market. The firm added $1.8 billion, or 12% pro forma growth, from June 30, 2025.

And in Columbus, Georgia, where Synovus was founded 138 years ago, Pinnacle is No. 1 by deposits with $5.4 billion and 57.1% market share. Synovus, and Columbus Bank & Trust before that, held the No. 1 position for decades—longer than available records date back—and now takes on that responsibility to the community as Pinnacle.

“We grow through people and relationships, a playbook Pinnacle has successfully run for 26 years,” Blair said. “Nashville shows what that strategy can accomplish. Atlanta represents the opportunity we have to apply it to one of the Southeast’s largest economic centers. We’re growing in high-growth metro areas, and we can replicate our success in any market we serve.”

Across Pinnacle’s footprint, the firm grew deposits on a pro forma combined basis 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.

Pinnacle’s recruiting strategy remained active throughout the period. The firm has hired 138 revenue-producing team members in 2026 through July 15, adding experienced financial professionals across its markets and specialty businesses.

Growth across the Southeast*

Georgia

Pinnacle is the No. 4 bank by deposits statewide with $29.9 billion, up $1.6 billion from a year prior, and 8.2% market share. Two banks ranked above the firm lost deposits and market share in the period. Pinnacle is the No. 1 bank by deposits in four Georgia markets, including Columbus and Athens. Of the 12 markets in state measured by the FDIC, the firm grew deposits in eight and grew market share in five. Three markets moved up in the rankings.

Tennessee

Pinnacle is the No. 2 bank by deposits in Tennessee with $32.31 billion, up $1.7 billion from a year prior, and 12.8% market share. In addition to remaining No. 1 in Nashville, the firm is less than $13 million behind the No. 1 position in Chattanooga, where deposits grew $151 million, or 6% to $2.7 billion. Memphis also saw remarkable growth with $272 million added in the period, or 11% growth to $2.7 billion, and Knoxville added $199 million for 6% growth to $3.6 billion.

Florida

Pinnacle is the No. 16 bank by deposits in Florida with $12.2 billion, up $343 million from a year prior, and 1.4% market share. In Jacksonville, the firm rose to No. 10 by deposits with $1.1 billion and 0.9% market share, showing plenty of opportunity for continued growth. That’s $303 million higher than a year prior, or 38% growth. This is the first time Pinnacle has crossed the billion-dollar point in the market in the FDIC data set. In Orlando the team grew deposits by $214 million to $1.3 billion or 1.9% market share. Pinnacle also grew deposits and market share in Tampa-St. Petersburg and Cape Coral-Fort Myers.

Virginia

Pinnacle moved up two spots to become the No. 10 bank by deposits with $4.4 billion, up $1.3 billion from a year prior, and 1.4% market share. Virtually all of that growth came from the Washington, D.C. MSA, where the firm grew deposits by 58% and rose one spot in the ranks. Lynchburg grew deposits by $14 million, or 16%.

North Carolina

Pinnacle moved up one spot to become the No. 10 bank by deposits with $7.7 billion, up $762 million from a year prior, and 1.1% market share. The firm saw significant growth in all major metro areas:

• Charlotte: No. 8 with $247 million in growth, or 12%, to $2.2 billion and 0.5% market share
• Winston-Salem: No. 4 with $182 million in growth, or 16%, to $1.3 billion and 8.3% market share; up one spot in rank
• Greensboro-High Point: No. 3 with $62 million in growth, or 3%, to $2.2 billion and 13.2% market share
• Raleigh-Cary: No. 11 with $139 million in growth, or 15%, to $1.1 billion and 1.0% market share; up two spots in rank
• Durham-Chapel Hill: No. 10 with $54 million in growth, or 17%, to $380 million and 2% market share

South Carolina

Pinnacle moved up one spot to become the No. 6 bank by deposits with $6.7 billion, up $155 million from a year prior, and 5.0% market share. The firm made major gains in the Charleston MSA, with $192 million in growth, or 9%, to $2.4 billion and 9.2% market share for No. 4. Pinnacle also saw growth in Greenville, S.C., with $25 million added to reach $716 million total and 2.7% market share for No. 10, and in Spartanburg with $21 million added to reach $302 million and 4.5% market share for No. 8.

Kentucky

Pinnacle shot up 13 spots to be the No. 39 bank by deposits in Kentucky with $616 million, up $180 million from a year prior, and 0.5% market share. In Louisville, the firm saw $154 million in growth, or 59%, to $417 million and 0.9% market share. That places Pinnacle at No. 17 in the market, up five spots from 2025. In Bowling Green, the firm grew deposits by $26 million, or 15%, to reach $199 million and 4.1% market share for No. 11, up one spot. All this progress has come since Pinnacle began doing business in Kentucky in 2023.

Alabama

Pinnacle is the No. 5 bank by deposits in Alabama with $8.2 billion, up $86 million from a year prior, and 5.7% market share. Mobile, Ala., saw the firm’s biggest growth in deposits with a 245% gain, or $180 million, to $254 million total and 2.4% market share. Synovus had a minor presence in the Alabama Gulf Coast region prior to the merger, with Pinnacle making its first hire in the area in the second half of 2025. In Birmingham, the firm is No. 4 with $4.2 billion and 7.7% market share, up $51 million, or 1% from 2025. Pinnacle is also ranked No. 2 in Huntsville and No. 4 in Montgomery and Tuscaloosa.

Maryland

Pinnacle is the No. 46 bank in Maryland by deposits with $163 million and 0.08% market share with just two offices – one just outside Baltimore in Columbia and another in Bethesda, part of the Washington, D.C. MSA. That's $103 million in growth over 2025 and 12 spots higher in rank. All this progress has come since Pinnacle began doing business in Maryland in 2024.

*All numbers as of June 30, 2026, according to FDIC deposit data.

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.