Its initial Bowling Green retail banking location in Stadium Park Plaza nearly bursting at the seams, Nashville-based Pinnacle Financial Partners is moving ahead with plans for a larger local headquarters in one of the city’s fastest-growing commercial corridors.

Pinnacle, which opened that downtown location last August, is preparing a 1.62-acre tract in the Greenhills residential and commercial development along Lovers Lane for what will be a 12,780-square-foot, $11 million headquarters across from The Hub.

A Bowling Green Area Chamber of Commerce groundbreaking for the two-story building is scheduled for May 28, and Pinnacle Regional President Rick Seadler says plans call for it to be completed in the first quarter of 2025.

“We’re up to 20 associates at Stadium Park Plaza,” Seadler said of that 5,000-square-foot bank branch. “It’s bursting, but that’s a good sign.”

Seadler said the Lovers Lane headquarters will be able to accommodate 30 to 40 associates while giving Pinnacle a presence in a commercial corridor that Seadler calls “the new face of Bowling Green.”

In addition to The Hub residential and commercial development, the Lovers Lane corridor has a growing number of health care-related enterprises and is projected to be the home for the planned 72-bed Greenview East hospital.

TriStar Greenview Regional Hospital has plans to invest $350 million in building a 238,405-square-foot facility on a 30-acre tract adjacent to the Greenview Surgery Center and Graves Gilbert Clinic offices at 484 Golden Autumn Way and has already begun work on an 11,131-square-foot freestanding emergency room on a 1.86-acre site bounded by Lovers Lane, Frist Boulevard and Hazen Court.

While Pinnacle will be in the middle of all that Lovers Lane activity, its new headquarters won’t be its only Bowling Green presence.

“The Stadium Park Plaza branch will remain,” Seadler said. “It supports downtown, and we want to make sure we have retail banking services downtown.

“Our vision from the beginning was to have at least three offices in Bowling Green. Our growth over the last 18 months has been off the charts. We have resonated very well in this community.”

Pinnacle’s growth is reflected in the bank’s most recent earnings report.

The first quarter of 2024 saw Pinnacle achieve a year-over-year revenue increase of 6.6%. Its total assets reached $48.9 billion, an 8.4% increase from the previous year.

Pinnacle, which now operates in seven states and was recently named No. 11 on Fortune magazine’s list of 100 best companies to work for in the U.S., is slowly gaining a foothold in Kentucky.

The Bowling Green location was the bank’s first in Kentucky, but it opened a Louisville loan production office last year.