News Summary
Pinnacle Financial Partners has made significant strides in the Washington, D.C. banking sector, ranking No. 16 in deposits by June 30, 2025, an increase from No. 24 the previous year. With $2.19 billion in total deposits, the bank’s impressive year-over-year growth of $1.2 billion showcases its expanding presence and trust from clients. Additionally, it ranks No. 11 in Virginia and remains a leader in multiple markets, reinforcing its commitment to providing comprehensive service and excellence in the financial sector.
Washington, D.C. – Pinnacle Financial Partners has rapidly advanced in the banking landscape of the Washington, D.C. Metropolitan Statistical Area (MSA) by securing the No. 16 rank in deposits as of June 30, 2025, marking an improvement from its previous position at No. 24 the year before. The increase in deposits for the D.C. region reached a substantial total of $2.19 billion, reflecting a remarkable year-over-year growth of $1.2 billion or 120.2%.
Carolyne Pelton, the regional president of Pinnacle, has expressed appreciation for the trust shown by their clients, emphasizing the bank’s commitment to expanding its presence in the D.C. area. In Virginia specifically, Pinnacle ranks No. 11 among banks with a deposit total of $3.16 billion, which corresponds to a 0.97% market share as of June 30, 2025.
In the Roanoke area, Pinnacle has achieved the position of the No. 4 largest bank in deposits, with figures reflecting annual growth of 11.19% and a total of $890.76 million, corresponding to a 10.28% market share. Additionally, in Lynchburg, the bank reported $85.5 million in deposits, placing it at No. 12 with a market share of 1.40%.
Pinnacle’s overall growth trajectory is impressive, as the bank experienced deposit growth in 23 out of the 27 MSAs where it operates, with eight of these regions displaying double-digit growth and three achieving triple-digit growth. Among these markets, Pinnacle succeeded in achieving share growth in 22 areas and was among the top five deposit growth leaders in 15 markets.
Pinnacle Financial Partners provides a wide range of services including banking, investment, trust, mortgage, and insurance services, ensuring comprehensive support for its clients and partners. Furthermore, the bank is recognized as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2025 deposit data.
In addition to its local achievements, Pinnacle has been awarded an impressive array of accolades. It ranks No. 9 on FORTUNE magazine’s 2025 list of 100 Best Companies to Work For® in the United States, marking its ninth consecutive year on this esteemed list. Pinnacle has also been recognized by American Banker as one of America’s Best Banks to Work For for 12 consecutive years, notably ranking No. 1 among banks with assets over $10 billion in 2024.
Pinnacle established its footprint in the National Capital Region in November 2021, after recruiting six financial professionals to open an office in Northern Virginia. Since its founding in October 2000 in downtown Nashville, Pinnacle Financial Partners has exhibited remarkable growth, amassing approximately $54.8 billion in assets as of June 30, 2025. Notably, Pinnacle is the second-largest bank holding company headquartered in Tennessee, primarily focusing on urban markets in the Southeastern United States.
Aligning with its expansion strategy, Pinnacle recently opened a new full-service office in Columbia, Maryland, aimed at enhancing its market presence and the array of services offered. This new Columbia office spans 3,050 square feet and features a modern architectural design, complete with a water wall. The office operates Monday through Friday from 9 a.m. to 5 p.m., providing conveniences such as an ATM and night drop services.
Pinnacle Financial Partners continues to demonstrate significant growth and a commitment to service excellence, embodying the potential for a more substantial footprint in the banking sector across multiple markets.
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Pinnacle Financial Partners Sees Remarkable Growth in D.C.
Additional Resources
- Pinnacle Financial Partners Ranks in Top 20 by Deposits in Washington D.C. MSA
- Pinnacle Financial Partners Opens New Columbia Office
- Pinnacle No. 1 Bank Nashville MSA Deposits
- Reuters Finance: Pinnacle Financial Partners
- Google Search: Pinnacle Financial Partners
Author: STAFF HERE WASHINGTON DC
WASHINGTON DC STAFF WRITER The WASHINGTON DC STAFF WRITER represents the experienced team at HEREWashingtonDC.com, your go-to source for actionable local news and information in Washington, DC, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and regional news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the National Cherry Blossom Festival, Kennedy Center Honors, and the Washington Auto Show. Our coverage extends to key organizations like the Greater Washington Board of Trade and Destination DC, plus leading businesses in government contracting and technology that power the local economy such as Lockheed Martin and Amazon. As part of the broader HERE network, we provide comprehensive, credible insights into the dynamic landscape of the Washington metropolitan area.
