Grizzlies & Pinnacle Financial Partners announce signature multi-year partnership
The Memphis Grizzlies and Pinnacle Financial Partners today announced a new multi-year partnership, making Pinnacle the official bank of the Memphis Grizzlies and FedExForum. Together, the Grizzlies and Pinnacle have created a platform of fan-first products and experiences, all designed to draw from and build on the passion of Grizz Nation.
“This alliance brings together two great Tennessee-based brands that share the same vision, values, and commitment to deliver a world-class experience, whether in banking or basketball.” said Grizzlies President of Business Operations Jason Wexler. “We are extraordinarily pleased to align the Grizzlies brand with Pinnacle, who has in short order shown sincere and significant commitment to Memphis.”
Kirk Bailey, Memphis Chairman for Pinnacle Financial Partners, agreed: “This unique opportunity came along at the right time for our firm and we are very excited to be partnered with the Memphis Grizzlies organization. We believe in making long-term commitments and investments in the Tennessee communities we serve. This partnership, along with our recent headquarters announcement, helps to reaffirm that commitment to Memphis.”
The partnership will introduce Grizzlies Banking – which includes a dedicated product suite of co-branded debit and credit cards offered by Pinnacle. Grizzlies Banking with Pinnacle will launch prior to the 2016-17 season tip-off, and fans are encouraged to sign up for alerts and more by visiting GrizzliesBanking.com.
Along with Grizzlies Banking, the partnership will provide exclusive naming rights to the newly-dubbed Pinnacle Level concourse and seating area of FedExForum (formerly known as the Club Level), showcasing Pinnacle’s distinctive service as well as the premium amenities of that space. A final cornerstone of the partnership is the presenting rights to the Grizzlies television broadcasts live on FOX Sports Southeast. Per team policy, terms of the deal were not disclosed.
Tennessee-based Pinnacle Financial Partners broke into the Memphis market in 2015 when it acquired Magna Bank. To further its Memphis commitment, Pinnacle has bolstered its community investment by the recent announcement of their new Memphis headquarters building and their status as the exclusive Grizzlies marketing partner in retail banking and commercial banking. Concurrently, the partnership will also see the Grizzlies move their banking business to Pinnacle.
About Pinnacle Financial Partners
Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The American Banker recognized Pinnacle as the third best bank to work for in the country in 2015.
The firm began operations in a single downtown Nashville location in October 2000 and has since grown to approximately $9.7 billion in assets at June 30, 2016. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in the state’s four largest markets, Nashville, Memphis, Knoxville and Chattanooga, as well as several surrounding counties. Additional information concerning Pinnacle, which is included in the NASDAQ Financial-100 Index, can be accessed at www.pnfp.com.