william 0 Report post Posted February 9, 2006 Friends, As to what local bank could be mulling a mid-rise in Midtown.... In terms of deposits and assets, Pinnacle is Nashville's most significant locally owned and operated independent bank, although Citizens, Bank of Nashville and Captial Bank & Trust are players too. Capital has a branch at 19th and West End. I would say Pinnacle is in the best position to have a 10- to 12-story headquarters building. My feeling is that if that building is the one being speculated, Pinnacle would lease signficant space within the tower. They simply wouldn't need the 200,000 square feet a 10-story building with a 20,000-foot footprint would offer. And, yes, NBound is correct in that Wachovia is now in Nashville. But, Todd, Wachovia acquired South Trust. Did I misunderstand your post? Overall, I'm a bit skeptical about a local bank developing its own mid-rise in Midtown. But we can hope. WW Share this post Link to post Share on other sites
Lexy 470 Report post Posted February 9, 2006 Fascinating post William. Gives me some food for thought tonight. LOL!!! Share this post Link to post Share on other sites
nashville_bound 1604 Report post Posted February 9, 2006 Below is my corrected post with the source being your esteemed publication I think Pinnacle is the best shot locally but maybe Wachovia will go after market share in Nashville and add a Regional HQ. Anyway here are some Wachovia samples that were googled (this is not a comprohensive list just samples) HQ in Winston-Salem www.kendall-heaton.com/wachovia.html Charlotte http://www.skyscraperpicture.com/charlotte22.jpg Greenville http://www.frinv.com/images/wachovia_place_3_t.jpg Tampa http://www.tampagov.net/dept_art_in_public...CC/wachovia.jpg Miami http://www.ucnet.pe.kr/USA/Florida/Miami/W...20Center-01.jpg Hotlanta http://upload.wikimedia.org/wikipedia/en/4..._atlanta_01.jpg another one http://www.skyscrapercity.com/photopost/da...wo_wachovia.jpg Wachovia is in Nashville with the purchase of SouthTrust (I was mistaken when I said First Union) Wachovia buys SouthTrust Bank By M.B. Owens, [email protected] June 22, 2004 In the fifth purchase or merger of banks with local branches this year, "Wachovia Corp. is acquiring SouthTrust Corp. for $14.3 billion. Birmingham-based SouthTrust has eight branches in Nashville, Brentwood, Cool Springs and Hermitage and holds roughly 4 percent of the market share of Middle Tennessee deposits. The No. 4 U.S. bank Wachovia, headquartered in Charlotte, N.C., currently has no branches in Tennessee, despite an earlier presence as First Union Corp." Share this post Link to post Share on other sites
Hankster 6 Report post Posted February 9, 2006 Great research, Nashville Bound! Personally I hope it's Pinnacle that trying to do this. I'd love to see a local bank really grow into something big in Nashville. Still, a large presence in Nashville by Wachovia with a regional operations headquartered here would be great news. If it's Wachovia, maybe they'll decide to speculate and build something even bigger than 10 or 12 stories. Share this post Link to post Share on other sites
ATLBrain 1 Report post Posted February 9, 2006 I'd like to see Pinnacle. I have a personal preference for smaller homegrown banks. This was the only thing I could find on this project. It's from last March. http://www.tennessean.com/business/archive...ent_ID=66549320 Share this post Link to post Share on other sites
