Pinnacle Financial Partners’ proposed build-out tops $2.2 million (Courtesy of the Jacksonville Daily Record) — Pinnacle Financial Partners continues preparing for its Jacksonville offices in the 501 Riverside Ave. building in the Brooklyn area of Downtown, with two pending permits for $2.26 million.
The city is reviewing a permit application for Auld & White Constructors LLC to build-out 10,301 square feet of space on the sixth floor at a project cost of almost $1.25 million.
Plans show Pinnacle Financial Partners will lease about half of the floor. The space includes executive offices, open office space, a break room and wellness room, conference and meeting rooms and more.
The permit follows one that the city has been reviewing for space on the first floor at a project cost of $1.01 million.
Jacksonville-based Auld & White Constructors also is the contractor for that 5,090-square-foot project.
Plans show offices, teller, reception and collaboration areas, training and meeting rooms, a lobby and an ATM.
Pinnacle Financial Partners said March 7 that six weeks after announcing its expansion into North Florida, it had doubled its team with the addition of five financial services veterans to 10 associates.
“We have hit the ground running to build the locally focused bank that Jacksonville needs, and this team is ready to deliver on that promise,” said Scott Keith, Pinnacle’s North Florida regional president, in a March news release.
It announced April 25 that it added eight more associates.
Its first office opened in a temporary space in Suite 600 of the 10-story Riverside Avenue building.
That space is a loan production office as regulatory approvals are completed to process deposit transactions.
Pinnacle said permanent space was under construction in the same building for offices as well as a full-service retail office on the ground floor. Those should open in 2024.
Pinnacle entered North Florida in late 2023 by recruiting local financial services leaders to build a team and open an office in Jacksonville.
Pinnacle’s market is commercial and middle market companies, small businesses and personal financial customers.
Keith and Debbie Buckland lead the founding team.
Keith retired as Truist Financial Corp.’s regional president of North Florida in September 2021.
Buckland, former Truist Jacksonville market president, is Pinnacle’s leader for commercial banking.
The firm began operations in a single location in downtown Nashville, Tennessee, in October 2000 and had about $48.9 billion in assets as of March 31, 2024.
That is up $934.3 million from December 2023 and $3.8 billion from March 31, 2023.
As the second-largest bank holding company headquartered in Tennessee, the firm operates in 17 primarily urban markets across the Southeast.
Photo courtesy of Pinnacle Financial