Our mission is to optimize the return on our shareholder's investment while operating a financial institution in compliance with all banking rules and regulations.
We are a retail oriented bank targeting a customer base of households and small to medium sized businesses in the communities we serve. Our goal is to be the most prominent independent community bank offering a broad range of high quality, personalized banking services, competitively priced.
Our Board of Directors and our personnel are the most important elements in determining our ability to achieve this mission. We strive to provide an attractive compensation package for employees who demonstrate a desire to help us accomplish our goals. We commit the bank's resources and encourage our directors and staff to share their abilities with the community and charitable organizations.
Our current Board of Directors:
Lee E. Hanna
Chirag J Bhavsar
C. Daniel Rice
Board of Directors Biographies
Lee E. Hanna
Lee E Hanna brings over 30 years of banking experience to Pinnacle. He was the Vice Chairman and CEO of CNL Bancshares after spending 24 years in various capacities with Barnett Bank in Orlando, Miami and Jacksonville, as well as Chief Executive Officer to various Barnett affiliates and banks. He attended Hofstra University in Hempstead, New York; graduated from banking specific schools at the University of Colorado and University of Oklahoma. He served on the Valencia Community College Foundation, where his family foundation created an endowed chair for the nursing school; he is also member of the University of Central Florida Foundation and Board of Trustees of Barry University; he is a founding director of two non-profit organizations, The North Florida Land Trust and Equinox Documentaries; he is also a member of the advisory council of the St. Johns Riverkeeper.
Chirag J Bhavsar
Mr. Chirag J. Bhavsar, CPA brings over 25 years of banking experience. He is Co-CEO of CNL Financial Group and CEO of Strategic Capital as of January 2018. He also serves as Chairman, CEO and CFO of Corporate Capital Trust. During 2017 he served as CFO and COO of Corporate Capital Trust. He served as Chief Financial Officer and Executive Vice President of CNL Bancshares and its subsidiary, CNL Bank. Mr. Bhavsar served as Senior Vice President of CNL Bank. was founding member of Florida Choice Bank where he served as the Executive Vice President, Chief Operating Officer and Chief Financial Officer. From 1992 to 1999, he served as a Senior Audit Manager for Hacker, Johnson, Cohen, and Grieb. He has been an Independent Director at Currency Exchange International Corp. since August 3, 2012 and serves as its Lead Independent Director. Mr. Bhavsar serves as a Director or Treasurer of several community service organizations including Family Services of Metro Orlando, Church Street Investment Properties, Florida Banker's Association, Christian Service Center and Fellowship of Christian Athletes. He holds a Bachelor of Science Accounting from University of Florida in 1990. He holds a Masters in Accounting from University of Florida in 1991. He graduated from University of Virginia in 1993.
Mr. Mitchel Laskey, a Florida licensed, CPA, brings a long and diverse business experience spanning the areas of banking, angel investing, venture investing, advisory services and research. He served on the Board of Directors of CNL Bancshares. He is the Managing General Partner at the FAN Fund, an angel investing fund. He is a Strategic Advisor at MLJ Advisors, a business advisory firm. He serves on the Board of Directors of the Florida Institute for the Commercialization of Public Research. He was the Chairman of the Board of Directors of IZEA, Inc., a social media sponsorship company. Mr. Laskey is also deeply involved in the community where he served as a past President of the Jewish Community Center of Central Florida, a mentor for Starter Studio, providing mentorship to entrepreneurs, and an advisor at the Florida Angel Nexus. He attended the University of Florida and later graduated from the University of South Florida with degrees in accounting and marketing.
C. Daniel Rice
Mr. Dan Rice brings an expansive legal and advisory experience to Pinnacle Bank. He has served as President and CEO of Mayport Venture Partners, LLC since its founding in 2000. Prior to assuming this position, Mr. Rice was a partner in one of America's premier law firms, McGuire Woods LLP. Before joining McGuire Woods, Mr. Rice was the Chief Administrative Partner at Mahoney Adams & Criser, P.A., a law firm which ultimately consolidated its practice with McGuire Woods. His experience includes both law firm management and extensive work in business transactions and litigation. Mr. Rice practiced law in the areas of mergers, acquisitions, corporate restructurings, complex contract negotiations, securities regulation, and litigation. Mr. Rice currently serves on the Board of Directors of EagleEye Intelligence LLC. He previously served on the Board of CNL Bancshares, INC. He also serves on the Board of Managers of several private equity funds. He is active in various philanthropic endeavors, including service on several not-for-profit boards of directors. Mr. Rice received a BS in Financial Management from Clemson University in 1984 and both his MBA and JD degrees from the University of Florida in 1987.
Mr. Ritenour brings significant insurance industry experience to Pinnacle. He joined Insurance Office of America in 1996 and now serves as its CEO. He is a Member of The Seminole State College Foundation Board, Board of Elders of Grace Church of Longwood, Advisory Board of Lifework Leadership Orlando and President of the IOA Foundation. He attended Liberty University where he majored in Business Administration.
Mr. Ellis serves as CEO of Foundry Commercial, bringing more than 27 years of commercial real estate brokerage, development, investment, and management experience. Prior to joining Foundry, he spent 15 years with Trammell Crow Company, most recently as Managing Director of North Florida. At Trammell Crow Company, he helped create the largest property management company in Florida. He was a former Operating Committee & ICOM Member at CNL, serves on the Executive Committee, University of Florida Real Estate Advisory Board. He also served on the boards of Health Research Institute - Arnold Palmer Hospital, The Christ School, and the Orlando Museum of Art. He was also a member of the Orlando Health Real Estate Committee and the Governance Committee, Florida Urban Land Institute. He was also the former Statewide UL Chair - Urban Mixed-Use Development Council. He attended University of Florida where he graduated with a B.S. in Real Estate and Urban Analysis.