Pinnacle Financial
Partners in Nashville, Tenn., will enter Huntsville, Ala., after hiring nine former
bankers from BBVA USA.
The $35 billion-asset
Pinnacle said in a press release Monday that it brought on four financial
advisers, a credit adviser, an office leader and three support and processing
associates. The group is led by Jason Baldwin, a former market CEO for North
Alabama at BBVA.
Baldwin will serve as
Pinnacle’s Huntsville regional president.
Baldwin “is one of the top banking leaders in
the state, and Pinnacle has assembled a group that can support nearly
everything clients need right out of the gate,” Terry Turner, Pinnacle’s
president and CEO, said in the release.
“Pinnacle’s client service focus and
recruiting strength allowed us to attract a complete team in Huntsville, which
is among the fastest growing MSAs in the Southeast,” Turner added. “This is the
perfect way to set up shop quickly and capitalize on the opportunities to take
market share in a growing city dominated by large, impersonal banks.”
BBVA, which was sold
earlier this month to PNC Financial Services Group in Pittsburgh, is the
second-biggest bank in Huntsville, with 11.8% of the market’s deposits,
according to June 2020 data from the Federal Deposit Insurance Corp.
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