[July 10, 2018] |
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Pinnacle Outpaces C&I Hiring Projections by Adding Significant Revenue Producers in 2Q 2018
Pinnacle Financial Partners' longstanding hiring strategy continues to
build momentum for growth across the firm's franchise. The firm made
significant commercial and industrial hires and is still running ahead
of schedule in meeting its stated goal of hiring 65 C&I and private
banking financial advisors in the Carolinas and Virginia. During the
second quarter, the firm recruited 16 new revenue producers in these
markets compared to 10 in the first quarter.
"Attracting and retaining the best bankers in our markets is the
keystone of our organic growth strategy," said M. Terry Turner,
Pinnacle's president and CEO. "That's one of the main reasons why we put
such an emphasis on creating a great internal culture and engaging
workplace. In the Carolinas and Virginia, in particular, we said we
wanted to bolt a strong C&I program onto an already robust CRE team. Our
regional presidents did an outstanding job bringing new talent on board
in the second quarter."
In Tennessee, Pinnacle leaders have recruited several significant
commercial bankers and private wealth advisors so far in 2018. Some of
those include:
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Clay Hart, a new senior lending officer and member of the
Pinnacle leadership team who was previously the Nashville president
for Renasant Bank
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Tom Fox, a commercial financial advisor serving clients in the
sports industry who spent much of his career with US Bank and most
recently came from Wells Fargo (News - Alert)
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Jamie Harrington, a commercial financial advisor from First
National Bank of Middle Tennessee
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Scott Schroeffel, a financial consultant from SunTrust
Investment Services who joined the Pinnacle Asset Management team in
Knoxville
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Ken Farley, another financial consultant from SunTrust who
joined Pinnacle Asset Management in Middle Tennessee
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David Bower, a financial consultant from SunTrust Investment
Services who now serves Pinnacle Asset Management in Nashville
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Rachel Willoughby, a trust advisor who joins the Nashville team
from Fifth Third Bank
In the Carolinas and Virginia, the plan for hiring 65 C&I advisors over
five years advanced. With six new C&I advisors on board in the second
quarter, among 16 revenue producers hired altogether, the total now
stands at 19 C&I advisors hired since July 1, 2017. That is nearly 50
percent ahead of projections. Those hires include a new regional
president on the South Carolina Coast, a veteran advisor to lead
Pinnacle's retirement program firm-wide and a former market leader who
spent his entire career at Wells Fargo. Significant recruits in these
markets include:
High Point-Greensboro, NC
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Justin Spradley is a financial advisor serving commercial
clients. He comes to Pinnacle with more than 15 years of experience,
including 10 at PNC (News - Alert) Bank, where he most recently served as a
commercial relationship manager for the Triad market.
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Joe Yochim is a financial advisor erving commercial clients
who comes to Pinnacle from Wells Fargo Bank, where he served for 16
years in a variety of roles. Most recently, he served as a business
relationship manager and project lead for the Carolinas store model
implementation.
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John Ehmig will build Pinnacle's retirement offering from a
single market 401(k) and 403(b) product into a firm-wide program. He
has 22 years of experience in the retirement sector and comes most
recently from BB&T, where he was a vice president and institutional
trust consultant.
Raleigh, NC
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Matthew Robinson is a commercial financial advisor most
recently from First Tennessee Bank, where he was a senior vice
president in the bank's commercial client services area. Prior to
that, he served as a market executive for North State Bank.
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Ben Singleton is a commercial insurance advisor with HPB
Insurance Services, a Pinnacle subsidiary. He has more than 25 years
of experience in the industry, and prior to joining the firm was a
business insurance consultant with Marsh & McLennan and a vice
president at Senn Dunn insurance in Raleigh.
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Kelly Fox is a new mortgage advisor who has 24 years of
mortgage services experience and comes to Pinnacle from Crescom Bank,
where he was a mortgage loan officer. Previously he served as a
mortgage loan officer for Bank of America Mortgage.
Charlotte, NC
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Judy Brantley is an SBA advisor with 35 years of financial
services experience who comes to Pinnacle from Wells Fargo Bank, where
she spent 28 years in a variety of credit roles. Most recently, she
served as a senior loan-closing officer.
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Joydeep Patel is a new office leader serving small business and
retail clients. He comes from PNC Bank, where he served 19 years in a
variety of roles like private branch and business-banking manager.
Charleston, SC
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Mickey Renner is Pinnacle's new regional president on the South
Carolina Coast leading the teams in Myrtle Beach, Charleston, Hilton
Head and all points in between. He has 27 years of experience in
financial services and spent his entire career at Wachovia, now Wells
Fargo. Since 2009, he has been Wells' business banking executive for
all of South Carolina. He served Wachovia as a business banker,
business banking director, small business manager and retail sales
manager in various markets in North Carolina.
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Jennifer Reagan is a new mortgage advisor who comes to Pinnacle
from Wells Fargo Home Mortgage, where she served 10 years as a
mortgage consultant. Previously she was a mortgage advisor for First
Rate Mortgage.
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Mike Westman is an office leader serving small business and
retail clients with 12 years of financial services experience. He
comes to Pinnacle from Regions Bank, where he most recently was a
branch manager.
Greenville, SC
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Jay Terry III is an insurance advisor serving commercial
clients. He began his insurance career in 2000 and comes to Pinnacle
after six years with The Hartford, where he most recently served as a
new business development representative in Greenville.
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Blake Whitaker is an office leader serving small business and
retail clients. He has 25 years of financial services experience and
comes to Pinnacle from Capital Bank, where he served as a branch
manager and small business relationship manager. Prior roles included
branch manager and small business lender with Regions Bank, middle
market lender with Union Planters Bank and credit officer at SunTrust
Bank.
Roanoke, VA
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Jonathan Richardson (News - Alert) is a new commercial financial advisor who
will help build Pinnacle's C&I team in Virginia. Richardson spent his
entire career at Wells Fargo and its predecessor banks. He most
recently led Wells Fargo's 15-person middle market banking team with
responsibility for all of western Virginia and West Virginia.
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Bill Stone is a financial advisor with a private wealth focus
who has 13 years of financial services experience and most recently
worked as a private wealth advisor for BB&T.
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Louis Soldano is a treasury management analyst who will help
build Pinnacle's commercial capabilities in Virginia. Before joining
the firm, he was a treasury management sales officer at Union Bank and
Trust.
Pinnacle Financial Partners provides a full range of banking,
investment, trust, mortgage and insurance products and services designed
for businesses and their owners and individuals interested in a
comprehensive relationship with their financial institution. The firm
earned a place on FORTUNE's 2017 and 2018 lists of the 100
Best Companies to Work For in the U.S., and American Banker recognized
Pinnacle as the sixth-best bank to work for in 2017.
The firm began operations in a single location in downtown Nashville, TN
in October 2000 and has since grown to approximately $22.9 billion in
assets as of March 31, 2018. As the second-largest bank holding company
headquartered in Tennessee, Pinnacle operates in 11 primarily urban
markets in Tennessee, the Carolinas and Virginia.
Additional information concerning Pinnacle, which is included in the
NASDAQ Financial-100 Index, can be accessed at www.pnfp.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180710006032/en/
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