Intro: Pinnacle Bank Reviews & Ranking
Pinnacle Bank was recently ranked and reviewed by AdvisoryHQ as a top-rated banking firm. Firms on our top-rated lists were selected after they successfully passed AdvisoryHQ’s groundbreaking four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our Pinnacle Bank review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The Pinnacle Bank review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of Pinnacle Bank.
Pinnacle Bank Review
Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage, and insurance products designed for businesses and their owners, as well as individuals interested in a comprehensive relationship with their financial institution.
The firm began operations in a single downtown Nashville, Tennessee location in 2000 and has since grown to more than 40 full-service branches and approximately $11.2 billion in assets as of late 2016.
As the second-largest bank holding company headquartered in Tennessee, Pinnacle Bank operates in the state’s 4 largest markets; Nashville, Memphis, Knoxville, and Chattanooga, in addition to several surrounding counties.
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms
Upon completing our detailed reviews, Pinnacle Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors.
Flexibility and Options
Pinnacle believes wholeheartedly in being flexible. While still offering all the standard product and services, Pinnacle focuses on ensuring customer individuality is not sacrificed in the standardization processes.
Instead, Pinnacle offers a more collaborative approach to consumer banking. Products offered at Pinnacle include:
- Checking accounts
- Savings, CDs, and money markets
- Loans and credit
- Personal and vehicle loans
- Lines of credit
- Mortgages
- Online banking
- Online bill payments
- Wealth management services
- Financial planning
- Investment management
- Trust
- Insurance
Business Banking Products
Pinnacle Bank also has a full set of products tailored specifically to businesses.
From liquidity to cash management, this top bank in Tennessee utilizes easy access through the web with all their services, along with the option of in-person, dedicated branch financial advisors.
Pinnacle business banking products include:
- Deposit accounts
- Loans and credit
- Real estate lending
- Equipment loans and leasing
- Cash flow management products
- Receivables and disbursements
- Merchant services
Community Involvement
Pinnacle’s community initiatives focus on improving quality of life in their market areas through financial contributions and programs that bring Pinnacle staff members together to make a collective difference.
Through team activities and direct financial involvement, the bank creates substantial and long-term impact across the community.
The highlight of Pinnacle’s involvement is their support of affordable housing in local neighborhoods. Partnering with local housing organizations, Pinnacle has:
- Provided financing and grant money for 378 new affordable single-family units, 52 new affordable rental units, and 112 rehabilitated rental units since 2003.
- Provided down payment assistance for 244 affordable single-family homes.
- Helped 150 families remain in their homes using grant funding and counseling services, which helped the families conquer late payments and rework their loans to make them more affordable.
Pinnacle associates also help construct Habitat for Humanity homes in their community area. In addition to the associates providing volunteer labor and teaching classes to first-time homeowners, the bank itself services the mortgages at no cost to the borrower or the entity.
Pinnacle currently services more than 971 Habitat loans, with a total value of more than $38.4 million. Pinnacle associates also logged more than 17,500 volunteer hours for 365 non-profit organizations in 2013.
The volunteer assignments and the range of organizations served included philanthropic organizations, religious organizations, and various other community groups.
In addition to reviewing the above Pinnacle Bank review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms:
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