News Summary
Pinnacle Financial Partners has reported a whopping 120.2% increase in total deposits within the Washington, D.C. banking market. This surge has raised its deposits to $2.19 billion and has improved its ranking from 24th to 16th largest bank by deposits in the area. The firm has also seen significant growth in Virginia, ranking 11th in banking deposits with a total of $3.16 billion. The company’s strategic approach and commitment to community relations have positively impacted its performance across various markets.
Washington, D.C. – Pinnacle Financial Partners has experienced significant growth in the Washington, D.C. banking market, with total deposits increasing 120.2% in just one year, bringing the total to $2.19 billion as of June 30, 2025. This remarkable surge has propelled Pinnacle from the 24th to the 16th largest bank by deposits in the Washington, D.C. Metropolitan Statistical Area (MSA). The firm expressed gratitude for the trust shown by clients and highlighted the ongoing momentum in its operations.
In the state of Virginia, Pinnacle holds the 11th position among banks by deposits, accumulating $3.16 billion and achieving a 0.97% market share by the same date. Notable growth has been observed in specific areas, with Pinnacle ranking as the 4th largest bank in Roanoke with a total of $890.76 million in deposits, which represents a 10.28% market share and an annual growth rate of 11.19%. In Lynchburg, the firm has secured $85.5 million in deposits, landing at 12th place with a 1.40% market share.
Throughout its operations, Pinnacle Financial Partners has successfully increased deposits across 23 out of the 27 MSAs where it operates. Among these, eight markets experienced double-digit growth, and three markets saw triple-digit growth. Pinnacle expanded its market share in 22 different locations and was among the top five deposit growers in 15 of those markets. The firm’s strategic business model focuses on attracting skilled banking professionals and providing them with the necessary resources to succeed.
Pinnacle Financial Partners offers a broad range of services, including banking, investment, trust, mortgage, and insurance products. In addition to their recent growth in Washington, D.C., Pinnacle has been ranked as the top bank in the Nashville-Murfreesboro-Franklin MSA based on 2025 FDIC deposit data. The firm is also recognized on FORTUNE magazine’s 2025 list of the 100 Best Companies to Work For in the U.S., demonstrating its commitment to employee satisfaction.
Further emphasizing its reputation, Pinnacle has been recognized by American Banker as one of America’s Best Banks to Work For for 12 consecutive years, ranking number one among banks with over $10 billion in assets in 2024. The firm’s expansion into the National Capital Region began in November 2021, with the establishment of an office in Northern Virginia, accomplished by recruiting six local financial professionals.
Pinnacle Financial Partners was founded in October 2000 in downtown Nashville, Tennessee, and has grown to approximately $54.8 billion in assets as of June 30, 2025. It is now recognized as the second-largest bank holding company headquartered in Tennessee and is included in the Nasdaq Financial-100 Index.
Throughout its operational footprint, Pinnacle emphasizes community support and a strong commitment to building lasting relationships with its clients, underpinning its growth trajectory in competitive banking landscapes.
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Additional Resources
- Pinnacle Financial Partners Ranks in Top 20 by Deposits in Washington, D.C.
- Google Search: Pinnacle Financial Partners Washington DC deposits
- Pinnacle No. 1 Bank in Nashville MSA Deposits
- Wikipedia: Pinnacle Financial Partners
- Pinnacle Financial Partners Opens New Columbia Office
- Encyclopedia Britannica: Pinnacle Financial Partners
- Veteran Financial Advisor Awa Kane Joins Pinnacle in Tysons Corner
- Google News: 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.
