HPB Insurance Named a Best Practices Agency for Third Consecutive Year

HPB Insurance, a wholly-owned subsidiary of Pinnacle Financial Partners, retains its Best Practices status, once again becoming a part of an elite group of independent insurance agencies around the United States. The Best Practices agency designation is awarded to participants in the Best Practices Study, which analyzes and documents the business practices of the highest-performing insurance agencies in the industry.

"We are honored to receive this prestigious recognition for the third year in a row," said HPB Principal Slade Lewis. "This distinction is a testament to our unwavering dedication to fostering a culture of excellence and innovation. As industry leaders, we remain committed to setting the standard and driving progress in our field."

More than 2,600 independent agencies throughout the U.S. were nominated for the selection process. For the 2024 Study year, only 235 independent agencies throughout the U.S. qualified for and retained their status as Best Practices agencies.

Since 1993, the Independent Insurance Agents & Brokers of America (IIABA or the Big "I") and Reagan Consulting, an Atlanta-based management consulting firm, have joined forces to study the country's leading agencies in six revenue categories.

Best Practices agencies are selected every three years through a rigorous nomination and qualifying process. Each agency must be among the 35-45 top-performing agencies in its revenue category to be awarded Best Practices status.

HPB Insurance Group is a large independent agency, founded in High Point, NC around the turn of the 20th Century as a subsidiary of a community bank. Through both natural growth and acquisition, HPB has grown to be one of the largest agencies in the market. As an independent insurance agency, HPB offers individual and business clients a menu of coverages from financially sound carriers, advocacy at claims time, sound insurance advice, and exceptional customer service. In addition, HPB manages employee benefits for a number of leading employers in North Carolina.

Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big "I") is the nation's oldest and largest national association of independent insurance agents and brokers, representing over 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agents offer consumers all types of insurance-property, casualty, life, health, employee benefit plans, and retirement products-from various insurance companies.

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 firm is the No. 1 and fastest growing bank in the Nashville-Murfreesboro-Franklin MSA, according to 2023 deposit data from the FDIC. Pinnacle is No. 11 on the 2024 list of 100 Best Companies to Work For® in the U.S., its eighth consecutive appearance and was recognized by American Banker as one of America's Best Banks to Work For 11 years in a row and No. 1 among banks with more than $10 billion in assets in 2023.

Pinnacle entered the North Carolina market in 2017 when it acquired BNC Bancorp, offering community bank service with the resources and sophistication of a larger firm. Pinnacle is ranked as the No. 1 workplace in the Triad, Triangle and Charlotte markets, as listed by the Triad Business Journal, Triangle Business Journal and Charlotte Observer.

The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $49.4 billion in assets as of June 30, 2024. As the second-largest bank holding company in Tennessee, Pinnacle operates in several primarily urban markets across the Southeast.

Additional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at www.pnfp.com.