Pinnacle Bank (TN) is headquartered in Nashville and is the 2nd largest bank in the state of Tennessee. It is also the 65th largest bank in the nation. It was established in 2000 and as of June of 2020, it had grown to 2,578 employees at 139 locations. Pinnacle Bank (TN) has an A+ health rating.
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So much better than a large bank!
I used to bank with US Bank and the experience was always a nightmare. When I got married I switched to Pinnacle since that is the bank my husband used. I have nothing but positive things to say about them. When you call the 800 number you actually get a person instead of an automated menu. The response times are so much quicker when there are issues. Ironically the biggest issue we ever had was something US Bank caused and Pinnacle helped fix it. I had a credit card with US Bank and we made a payment to pay off the balance but it took two payments which overdrafted my account. We called Pinnacle and they promised the next morning to reject one of the payments to make sure our account didn't actually get overdrawn. The next morning all was taken care of and we were very happy to be done with US Bank.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35583 |
| Year Established | 2000 |
| Employees | 2578 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 4.23% |
| Annual Interest Income | $515.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $33.20B$26.41B |
| Loans | Q2 2020vs Q2 2019 | $22.32B$18.82B |
| Deposits | Q2 2020vs Q2 2019 | $25.85B$19.55B |
| Equity Capital | Q2 2020vs Q2 2019 | $4.76B$4.29B |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $285.4MM$90.3MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $61.3MM$75.5MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $16.5MM$26.7MM |
