Nashville’s largest locally owned bank is dipping its toes back into loans for home builders. Pinnacle Financial Partners got out of construction lending during the recession, but now it wants to be part of Nashville’s resurgent housing market.
Good Quarter For Pinnacle Financial Has Analysts Asking “What Bank Will You Buy Next?”
Nashville-based Pinnacle Financial had a good second quarter. Earnings nearly doubled. Loans and deposits were up, as well. Many financial industry analysts like what they see. And they’re wondering when and how the bank will expand.
Pinnacle Jumping Back into Construction Loans
The largest bank headquartered in Nashville says it’s ready to return to the residential and commercial development business. In the years since the housing crisis, Pinnacle Financial has done everything it could to get out of bad loans to developers.
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