Pinnacle Financial Partners has recruited a nine-year home mortgage veteran from SunTrust Bank.
Luciano Scala joins downtown-based Pinnacle as a senior vice president and mortgage advisor. He will be based at the bank's office on Crestmoor Road in Green Hills. Scala spent eight years at SunTrust, which he joined after working at Ameriquest Mortgage and where he was part of a group that reached out to Nashville's Hispanic communities. He holds a bachelor’s degree in business administration from Belmont University.
Scala is the second local mortgage alumnus to move from SunTrust in the past year. Last fall, Pinnacle recruited SVP Laurel McKenzie, who is based downtown. The hiring of Scala suggests Pinnacle's leadership team wants the bank's home loan book to keep pace with the growth from its commercial operations. Over the past two years, Pinnacle's consumer real estate loans have grown just 2 percent and the category's share of Pinnacle's total loan portfolio has fallen by almost four points. (See chart below from Pinnacle's recent earnings presentation.)
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