- Pinnacle Financial Partners (PNFP, Financial) expands to Richmond, VA, enhancing its Virginia presence.
- The firm manages $3.03 billion in total deposits across Virginia regions.
- Ranked #11 on FORTUNE’s 2024 Best Companies to Work For list.
Pinnacle Financial Partners (PNFP) is expanding its footprint in Virginia with a new full-service team in Richmond. This strategic move complements existing operations in Roanoke, Lynchburg, and the National Capital Region, showcasing Pinnacle's commitment to the Virginia market since its entry in 2017.
Led by area manager Chris Daniels, the Richmond team comprises experienced financial professionals, including Suzanne Gardner, David Marino, and Wes Baskerville as financial advisors, with Crystal Hedrick joining as a financial advisor assistant. The team is set to enhance services in Central and Eastern Virginia by collaborating with local advisors Frank Meade and Wendy Inge.
As of March 31, 2025, Pinnacle's Virginia operations included 159 associates managing $815.3 million in loans and $927 million in deposits in Roanoke and Lynchburg, with an additional $2.1 billion in deposits and $818.4 million in loans in the National Capital Region. The company has grown its assets to approximately $52.6 billion as of December 31, 2024, establishing itself as the second-largest bank holding company in Tennessee and expanding its market presence across the Southeast.
Pinnacle's regional president for Western and Central Virginia, Jonathan Richardson, highlighted the Richmond expansion as a significant opportunity to deliver unique financial services tailored locally by experienced bankers. The firm's client-centric approach, which blends community bank service with the resources of a larger institution, has earned Pinnacle numerous accolades, including 30 Coalition Greenwich Best Brand awards in 2025.
The new Richmond office is expected to boost Pinnacle's market share in the state, leveraging the city’s economic growth, diverse industries, and skilled workforce to compete with national and regional banks. This move aligns with Pinnacle’s history of successful expansions in Southeast markets by offering high-touch, relationship-focused financial services.
