The city is reviewing a building permit for Pinnacle Financial Partners on the first floor of 501 Riverside Ave. in the Brooklyn area of Downtown at a project cost of $1 million.
Jacksonville-based Auld & White Constructors LLC is the contractor for to 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 news release.
Its first office opened in a temporary space in Suite 600 of the 10-story 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 billion in assets as of Dec. 31, 2023.
As the second-largest bank holding company headquartered in Tennessee, the firm operates in 17 primarily urban markets across the Southeast.