Benefits of Our Markets


Tennessee is tops.

Pinnacle now has a presence in all four of Tennessee’s urban markets, which benefit from excellent quality of life, a moderate climate and numerous tax advantages.

Tennessee was named the top state in the U.S. for economic development by Business Facilities magazine for the second consecutive year and also ranked No. 1 for auto manufacturing. Within Tennessee, Pinnacle operates in the state’s four urban markets—Nashville, Knoxville, Memphis and Chattanooga.

Pinnacle holds the fourth-largest market share in Nashville behind three large regionals, making us the largest locally owned alternative for clients. The firm has quickly grown to be the sixth-largest financial institution in the Knoxville market after a 2007 de novo expansion into the area. After our mergers with CapitalMark Bank & Trust and Magna Bank, Pinnacle has the No. 4 market share position in Chattanooga and No. 11 share of deposits in Memphis. The firm’s long-term goals are to grow to a top-three position in each market.

Nashville continues to receive attention from the national press for its quality of life, restaurant scene and business startups. The city’s diverse economy, thriving cultural base and strong business community are major attractions for corporations. Economic development accolades in 2015 include:

  • Readers’ choice for Destination of the Year, Travel + Leisure
  • No. 5 on list of cities Americans are “flocking to,” Forbes
  • No. 18 of “Best-Performing Cities” for creating and sustaining jobs and economic growth, Milken Institute

Knoxville also enjoys an extremely healthy and diverse economy with an excellent transportation and technology infrastructure. Among Knoxville’s rankings in 2015:

  • No. 5 in “10 Best Cities for Small Businesses,” CNN Money
  • No. 7 “Best City for Millennial Entrepreneurs,” Thumbtack
  • Named to America’s Best Cities for Global Trade—No. 10 in “Best Global Vibe Cities,” Global Trade Magazine

Memphis offers a diverse, metropolitan workforce. Over the past three decades, the presence of companies like FedEx and the region’s superior distribution infrastructure have earned Memphis the title, “America’s Distribution Center.” 

  •  “Edgiest Startup Hub” in the U.S., Inc. Magazine
  •  No. 9 of “Top 10 Cities” with the lowest business startup costs, SmartAsset

Chattanooga is Tennessee’s fourth-largest MSA as measured by both population and deposits. National publications have declared Chattanooga a tech hub and manufacturing magnet. Economic drivers include:

  • No. 1 of “Top 10 Cities” with the lowest business startup costs, SmartAsset
  • No. 1 spot in “16 Best Places to Live in the U.S.,” Outside Magazine
  • One of the best places to retire for its relatively low taxes, affordable housing and thriving arts scene, The Wall Street Journal

M. Terry Turner, President and CEO introduces the 2015 Online Annual Report