Our Markets

Memphis, TN

“Everyone at Pinnacle is so professional and friendly. I really enjoy banking with them as they make me feel like I'm a valued customer versus when I was at [a national competitor].”

“We have LOCAL contacts that take care of our needs very quickly. We don't need much, but when we do, it is usually time sensitive. And it is always good to have peace of mind knowing that our partners are TRUE partners.”

What Means the Most: “Responsiveness. We work with several other banks and are always hunting for help. With Pinnacle, Joelle is a reliable contact who can put us in contact with the right people if she cannot handle directly. I have never heard ‘that's not my area, call the customer service line.’ This is a normal thing from other banks and so frustrating. Joelle and the rest of the Pinnacle team are an absolute joy to work with and take true ownership over our account and relationship.”

“Each person there knows me and my wife. They are professional, attentive, efficient, and helpful. If I ran a bank, I would hire each one of them.”

Economic Indicators*

GDP – 28.0% 5-year growth rate
In 000’s

• 2023 – $102,934,012
• 2019 – $80,380,966

Population – -0.08% 5-year growth rate

• 2023 – 1,335,674
• 2019 – 1,346,346

Unemployment

• Dec 2024 – 4.4
• Dec 2019 – 4.1

Tennessee is No. 9 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 63.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 8
• 3% in Loan Growth to $2.4 Billion
• 2% in Deposit Growth to $2.4 Billion
• 3 Deposit Market Share Out of 46 Banks*

*As of June 30, 2024, according to FDIC data.

Nashville, TN

“The customer service at my Bellevue Branch is exemplary. Always friendly, kind and, most importantly, helpful. I admit my banking acumen is not the best, but they have never made me feel intimidated asking questions. I have and will continue to recommend Pinnacle to all my friends.”

“The Pinnacle team is always ready to help, with everything from big milestones of life to the simplest question. I love Pinnacle!”

“We have sent clients to you and will continue to do so. Bill DeCamp and his team are an asset to your organization and always helpful not only for our personal banking but also our business.”

“DeAnna Croom is the best! She is a true asset and valuable partner for my growing business. There is rarely a time that she is not available to answer my calls. She is certainly a client-focused employee.”

“Larry Miller is the best business and personal banker I have ever had.  He is always responsive and provides solutions in a timely fashion.”

What Means the Most: “Always knowing I can call Racquel Beck at any time and get the answers to my questions. She is so knowledgeable, professional, and personable. Pinnacle is lucky to have her.”

Economic Indicators

GDP – 41.4% 5-year growth rate*
In 000’s

• 2023 – $204,861,124
• 2019 – $144,845,900

Population – 8.7% 5-year growth rate*

• 2023 – 2,102,573
• 2019 – 1,933,455

Unemployment*

• Dec 2024 – 3.0
• Dec 2019 – 2.4

Tennessee is No. 9 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 63.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 15
• 4% in Loan Growth to $8.6 Billion
• 9% in Deposit Growth to $15.5 Billion
• 1 Deposit Market Share Out of 65 Banks*

*As of June 30, 2024, according to FDIC data.

Chattanooga, TN

“The staff at Pinnacle has always been so responsive and willing to work with me. I love the relationship I have with my banker.”

“It’s the personal touch of all the people I have dealt with in Pinnacle. I changed banks to come to Pinnacle because some of the people that I dealt with were hired by Pinnacle.”

“Pinnacle feels like home once you have been there for a while. Everyone knows you by your name and not just an account number. It’s great for small business owners just starting off as well as bigger businesses as well.”

“Every time I contact Pinnacle about something I actually get a real person right off the bat and I get an answer quickly and efficiently. AND the person I talk to is always friendly. What a great bank!”

“Having Larry Vineyard and Oksana Kramer is the best part of the PNFP experience!  Wouldn’t ever want to change to any other bank no matter how far I am from the branches. Thanks for everything and having my back in business.”

Economic Indicators*

GDP – 33.5% 5-year growth rate
In 000’s

• 2023 – $42,381,201
• 2019 – $31,746,444

Population – 2.8% 5-year growth rate

• 2023 – 580,971
• 2019 – 565,182

Unemployment

• Dec 2024 – 3.4
• Dec 2019 – 3.3

Tennessee is No. 9 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 63.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 2
• 0% in Loan Growth to $2.3 Billion
• 7% in Deposit Growth to $2.7 Billion
• 2 Deposit Market Share Out of 29 Banks*
  • Up from No. 3 in 2023

*As of June 30, 2024, according to FDIC data.

Knoxville, TN

"I am actually a person to Mike Brown, not just another account number. Owned my small business for over 30 years and finally left [a super-regional competitor] since there was no personal relationship with anyone in the bank... Pinnacle and Mike remind me of how a bank should treat and care of customers regardless or the account balance.”

“Jeff is always just a phone call or email away. Always quick to respond and we appreciate him making our banking experience easier.”

“They just take care of me. While banking can be complex and confusing, they work to make everything as simple and easy as possible for me.”

“David Bradshaw is the best banker I have ever known. He is always aware of our business and our needs and is proactive to resolve issues before they get too big. I can't say enough kind words about him.”

Economic Indicators*

GDP – 37.6% 5-year growth rate
In 000’s

• 2023 – $64,382,649
• 2019 – $46,791,689

Population – 8.9% 5-year growth rate

• 2023 – 946,264
• 2019 – 869,138

Unemployment

• Dec 2024 – 3.3
• Dec 2019 – 3.1

Tennessee is No. 9 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 63.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 7
• -2.0% in Loan Growth to $2.1 Billion
• 3% in Deposit Growth to $3.2 Billion
• 4 Deposit Market Share Out of 43 Banks*

*As of June 30, 2024, according to FDIC data.

Western VA

“I have had to make a lot of decisions with my new business, but the best decision I have made was choosing Rob Mangus and PFP. Rob and his assistant, Candace Benson, have been a tremendous asset to my firm and I could not be better served. Any issue I have had they have been there to quickly remedy. I consider myself very lucky to have them as part of my team!”

"Our relationship with Shannon Miller and Pinnacle Bank is exceptional.”

“We feel our best interests are always forefront in every interaction with Shannon and Pinnacle. Our success would not be possible without this relationship."

Economic Indicators, Roanoke*

GDP – 8.6% 5-year growth rate
In 000’s

• 2023 – $17,445,530
• 2019 – $16,067,963

Population – 0.02% 5-year growth rate

• 2023 – 314,314
• 2019 – 313,660

Unemployment

• Dec 2024 – 2.5
• Dec 2019 – 2.4

Economic Indicators, Lynchburg*

GDP – 23.7% 5-year growth rate
In 000’s

• 2023 – $13,511,861
• 2019 – $10,923,155

Population – 0.02% 5-year growth rate

• 2023 – 264,590
• 2019 – 264,135

Unemployment

• Dec 2024 – 2.9
• Dec 2019 – 2.8

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis; 5-year growth rates from 2018-2022

Pinnacle’s Growth

• Revenue Producers Hired - 2
• 4% Loan Growth to $842.2 Million
• -6.5% in Deposit Growth to $915.6 Million
• Deposit Market Share Rank – No. 4, Roanoke Out of 15 Banks; No. 12 Lynchburg Out of 16 Banks*
  • Lynchburg Up from No. 13 in 2023

*As of June 30, 2024, according to FDIC data.

National Capital Region

“Niki is so diligent with every detail of my business account. I can't say enough good things about her and everyone I have been introduced to at Pinnacle. Carolyne provides exceptional leadership to her team. I could not be happier with Pinnacle!”

“Pinnacle has always been responsive to our needs and has a great team that provide fantastic customer service and oversight. They work well together to ensure our needs are met and that we are happy with the relationship. It has been great working with Tanya Dobbins and Rebecca Hesse. They are a great team!”

“Very personable, I feel I can pick up the phone and call him anytime and he is quick to respond, which he did recently and resolved an issue quickly and professionally.”

Economic Indicators, Washington, D.C.*

GDP – 24.8% 5-year growth rate*
In 000’s

• 2023 – $714,685,087
• 2019 – $572,689,774

Population – 0.01% 5-year growth rate*

• 2023 – 6,304,975
• 2019 – 6,297,454

Unemployment*

• Dec 2024 – 2.8
• Dec 2019 – 2.6

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis; 5-year growth rates from 2018-2022

Economic Indicators, Columbia, MD*

GDP – 23.6% 5-year growth rate
In 000’s

• 2023 – $259,690,214
• 2019 – $210,146,753

Population – 1.1% 5-year growth rate

• 2023 – 2,834,316
• 2019 – 2,803,903

Unemployment

• Dec 2024 – 2.7
• Dec 2019 – 2.8

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired – 6
• 7% in Loan Growth to $760.0 Million
• 8% in Deposit Growth to $1.6 Billion
• Deposit Market Share Rank – No. 24 Washington, D.C. Out of 71 Banks; No. 32 Columbia, MD, Out of 42 Banks*
  • Washington, D.C. up from No. 27 in 2023

*As of June 30, 2024, according to FDIC data.

Central VA

Economic Indicators, Roanoke

• 26.4% 5-year GDP growth¹
• 4.6% 5-year population growth¹
• 2.6% unemployment¹ as of Dec. 31, 2024

Winston-Salem, NC

“My financial advisor, Matt Willer, has been a trusted advisor since the beginning of our relationship with Pinnacle. He has supported our growth and brought in partners like the SBA team to get us what we needed. Beyond Matt's expertise he has aligned us with a great Pinnacle team that is responsive, helpful, professional and friendly. From commercial real estate, treasury management, business deposits and SBA financing, all of our banking needs have been met in one place. It is a true pleasure to bank with Pinnacle.”

"Our church banks with Pinnacle not because of your products and services alone, but because you all have hired some of the BEST PEOPLE IN THE WORLD!!!!!!”

“Keep hiring great people!!!”

"Wonderful customer service. Always friendly and very helpful. Pinnacle is one of only a few banks that still believe in customer service and appreciate the fact that it is what makes their customers stay with their Bank.”

“I appreciate the thoughtful and personal service that each person at the branches provides me. Also, everyone communicates and checks in with me as a person as well as a client  …  Being a part of a supportive network of folks that keep investing in me and the needs of my business really does make a difference.

"The bankers I deal with are experienced and genuinely care about my needs. It is extremely important to be able to speak with someone on the phone. I know I have that option at Pinnacle when so many other businesses respond by automation."

Economic Indicators*

GDP – 23.6% 5-year growth rate
In 000’s

• 2023 – $44,750,605
• 2019 – $36,213,846

Population – 2.9% 5-year growth rate

• 2023 – 695,630
• 2019 – 676,306

Unemployment

• Dec 2024 – 3.3
• Dec 2019 – 3.3

North Carolina is No. 6 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 64.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired – 12**
• -1.5% in Loan Growth to $2.4 Billion**
• 0% in Deposit Growth to $3.2 Billion**
• 6 Deposit Market Share Out of 20 Banks*
  • Up from No. 7 in 2023

*As of June 30, 2024, according to FDIC data.

**Combined amount with Greensboro-High Point

Greensboro-High Point, NC

What Means the Most: "Trust and responsiveness. Chase Allen and Cara Dickerson are outstanding ambassadors for the Bank and deliver top notch customer service. When they say they can do something, they always deliver. I have tremendous respect for Chase's entire team - Cara, Janie and others are all great partners."

“The team at the Lexington, NC, office is friendly, responsive and knowledgeable. I love going into the bank because they are so enjoyable! And their ‘old fashioned customer service’ sets the bar against which other institutions could learn a thing or two!”

“Brandon Creech is always available when needed, and he is extremely helpful! He is kind, a good listener, and tries his best to find the best solution possible for the situation!”

"Demetrius is always there for me. Answers all my questions about financial matters I have with this branch. I could not ask for a better man in my corner.”

What Means the Most: “Great customer service, knowledge of products and offering solutions to meet my needs. Has our best interest at heart. Keeps their word.”

Economic Indicators*

GDP – 3.6% 5-year growth rate
In 000’s

• 2023 – $42,453,281
• 2019 – $41,409,745

Population – 2.2% 5-year growth rate

• 2023 – 789,842
• 2019 – 772,485

Unemployment

• Dec 2024 – 3.7
• Dec 2019 – 3.6

North Carolina is No. 6 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 64.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired – 12**
• -1.5% in Loan Growth to $2.4 Billion**
• 0% in Deposit Growth to $3.2 Billion**
• 3 Deposit Market Share Out of 25 Banks*
  • Up from No. 4 in 2023

*As of June 30, 2024, according to FDIC data.

**Combined amount with Winston-Salem

Raleigh-Durham, NC

I love my entire Pinnacle Team! … I moved all accounts from [a national competitor] in 2018 after 28 years. I tell everyone about ‘My Bank, Pinnacle!’ To date, I have not had one need that this team has not been able to meet, from teller, financial advisor to branch manager. They are the best!”

“I have moved over $1 million to this bank because of Dawn. SHE IS AMAZING!!”

“The relationships. Our business matters. We have people we can call that listen if there is a problem and help find a solution.”

“The Pinnacle people! The team in the Durham and Chapel branches are incredible. They are above all nice, which is rare these days. They are also responsive, knowledgeable and extremely helpful when I need help. I feel valued and important, even with the smallest of concern. If every bank in the US were like these two branches, then the personal element of banking would be restored.”

“The best bank I’ve ever worked with. Employees at all locations I have gone to in the Chapel Hill and Raleigh area have always gone above and beyond.”

Economic Indicators

GDP – 39.4% 5-year growth rate*
In 000’s

• 2023 – $133,081,325
• 2019 – $95,458,298

Population – 8.4% 5-year growth rate*

• 2023 – 1,509,231
• 2019 – 1,392,356

Unemployment*

• Dec 2024 – 2.9
• Dec 2019 – 3.0

North Carolina is No. 6 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 64.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 9
• 2% in Loan Growth to $1.7 Billion
• 4% in Deposit Growth to $1.1 Billion
• Deposit Market Share Rank – No. 9, Durham-Chapel Hill Out of 18 Banks; No. 15, Raleigh-Cary Out of 36 Banks*

*As of June 30, 2024, according to FDIC data.

Charlotte, NC

"Being personally known (and not a faceless client) is the most important thing to me. It's a bonus that everyone in the office seems genuinely happy to see me when I come in the office.”

“When I tell someone about Pinnacle, I almost always start out saying ‘My Banker’ because I do have someone to always call, I don't have to wonder who may specialize in whatever I need today. I just call Ellen Palmer and it's not her area of expertise, she always gets someone to contact me to help.”

“The responsiveness and working relationships I have with Pinnacle is by far the best I have experienced in my professional career.”

Economic Indicators

GDP – 37.5% 5-year growth rate*
In 000’s

• 2023 – $255,666,417
• 2019 – $185,906,827

Population – 6.2% 5-year growth rate*

• 2023 – 2,805,115
• 2019 – 2,640,117

Unemployment*

• Dec 2024 – 3.3
• Dec 2019 – 3.2

North Carolina is No. 6 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 64.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 11
• 8% in Loan Growth to $3.5 Billion
• 9% in Deposit Growth to $2.3 Billion
• 7 Deposit Market Share Out of 50 Banks*

*As of June 30, 2024, according to FDIC data.

Upstate SC

“Seth Hunter is always quick to respond to any questions I might have. He goes out of his way to meet my financial needs. The girls in the office are very friendly and knowledgeable and always call me by name when I enter. I was with [a national competitor] for 30 years, and there is no comparison between the two banks. I would highly recommend Pinnacle Bank to any of my friends and clients.”

“Everyone at my local branch knows me by name and they are always friendly and willing to go above and beyond to help me.”

Economic Indicators, Greenville*

GDP – 30.7% 5-year growth rate
In 000’s

• 2023 – $63,357,431
• 2019 – $48,477,074

Population – 5.6% 5-year growth rate
(2023 population figures unavailable from same source)

• 2022 – 958,958
• 2018 – 907,812

Unemployment

• Dec 2024 – 4.4
• Dec 2019 – 2.4

Economic Indicators, Spartanburg*

GDP – 25.4% 5-year growth rate
In 000’s

• 2023 – $21,159,577
• 2019 – $16,874,820

Population – 19.7% 5-year growth rate

• 2023 – 383,327
• 2019 – 320,254

Unemployment

• Dec 2024 – 4.0
• Dec 2019 – 2.4

South Carolina is No. 3 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 65.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 0
• -9.2% in Loan Growth to $519.5 Million
• 6% in Deposit Growth to $503.7 Million
• Deposit Market Share Rank – No. 11, Greenville Out of 40 Banks; No. 13, Spartanburg Out of 21 Banks*
  • Greenville up from No. 14 in 2023

*As of June 30, 2024, according to FDIC data.

Coastal SC

“Tommy understands our business as well as anyone and is timely and accurate with request from us. Couldn't ask for more from a business partner.”

"Clarissa responds promptly and always seems to be available to help with my requests. Whatever my problem or task is, she cheerfully helps and gets the work done.”

“I personally love the personal touches they offer in just getting to know me as a client and as a person. They are friendly and helpful. I am never made to feel like I'm just a customer.”

What Means the Most: “Personal service and feeling of a small town community bank. They know our name when we walk in the door. The people at our branch in Mount Pleasant have been with the company for several years which demonstrates to me that the company is committed to its employees and therefore able to retain them.”

Economic Indicators, Charleston*

GDP – 36.9% 5-year growth rate
In 000’s

• 2023 – $63,973,949
• 2019 – $47,420,657

Population – 5.5% 5-year growth rate

• 2023 – 849,417
• 2019 – 805,084

Unemployment

• Dec 2024 – 3.4
• Dec 2019 – 2.2

58.7% of South Carolina moves are inbound migration, No. 3 highest inbound rate in the nation**

Economic Indicators, Myrtle Beach*

GDP – 41.7% 5-year growth rate
In 000’s

• 2023 – $27,945,154
• 2019 – $19,723,715

Population – 7.8% 5-year growth rate

• 2023 – 536,165
• 2019 – 497,405

Unemployment

• Dec 2024 – 4.6
• Dec 2019 – 4.1

South Carolina is No. 3 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 65.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 8
• 2% in Loan Growth to $1.2 Billion
• -3.3% in Deposit Growth to $1.7 Billion
• Deposit Market Share Rank – No. 6, Charleston Out of 36 Banks; No. 13, Myrtle Beach Out of 20 Banks; No. 14, Hilton Head Out of 20 Banks*
  • Hilton Head up from No. 15 in 2023

*As of June 30, 2024, according to FDIC data.

Atlanta, GA

“Personal attention, always available, flexible and are proactive on ways to help us improve.”

“My calls are always answered, and if my advisor is not available, I know my call will be returned the same day.”

Economic Indicators

GDP – 27.8% 5-year growth rate*
In 000’s

• 2023 – $570,662,834
• 2019 – $446,655,157

Population – 4.5% 5-year growth rate*
(2023 data unavailable from same source)

• 2022 – 6,222,106
• 2018 – 5,951,394

Unemployment*

• Dec 2024 – 3.3
• Dec 2019 – 3.1

Georgia is No. 14 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 52.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 25
• 1% in Loan Growth to $1.7 billion
• 1% in Deposit Growth to $855.4 Million
• 25 Deposit Market Share Out of 81 Banks*
  • Up from No. 28 in 2023

*As of June 30, 2024, according to FDIC data.

Birmingham, AL

Economic Indicators*

GDP – 28.3% 5-year growth rate
In 000’s

• 2023 – $84,566,170
• 2019 – $65,896,685

Population – 2.4% 5-year growth rate

• 2023 – 1,116,857
• 2019 – 1,090,916

Unemployment

• Dec 2024 – 2.9
• Dec 2019 – 2.5

Alabama is No. 17 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 53.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 4
• 3% in Loan Growth to $762.0 Million
• 1% in Deposit Growth to $386.3 Million
• 22 Deposit Market Share Out of 50 Banks*

*As of June 30, 2024, according to FDIC data.

Huntsville, AL

What Means the Most: “Being treated like family not just an account. Pinnacle goes over and above expectations.”

“Jennifer is the best FA I've ever worked with. She is the entire reason I moved our business accounts to PNFP.”

"All of the Pinnacle contacts are very professional. Kim, Sidney, and Megan who are on the first floor in your Huntsville office are extremely customer focused. Chris Kerns, Brian and Cindy Gifford have been great."

Economic Indicators*

GDP – 37.1% 5-year growth rate
In 000’s

• 2023 – $42,815,938
• 2019 – $31,239,584

Population – 11.8% 5-year growth rate

• 2023 – 527,254
• 2019 – 471,683

Unemployment

• Dec 2024 – 2.7
• Dec 2019 – 2.4

Alabama is No. 17 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 53.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 2
• 1% in Loan Growth to $228.7 Million
• 9% in Deposit Growth to $389.0 Million
• 11 Deposit Market Share Out of 37 Banks*
  • Up from No. 12 in 2023

*As of June 30, 2024, according to FDIC data.

Bowling Green, KY

“Communication and trust - Pinnacle Team is a 10 on both!”

“Having a relationship with Ervin Sorrel is very helpful, and I fully trust him to do the correct thing for me.”

Economic Indicators*

GDP – 47.7% 5-year growth rate
In 000’s

• 2023 – $11,830,435
• 2019 – $8,011,769

Population – 5.4% 5-year growth rate

• 2023 – 188,840
• 2019 – 179,089

Unemployment

• Dec 2024 – 4.7
• Dec 2019 – 3.7

Alabama is No. 25 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 52.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 2
• 3% in Loan Growth to $216.0 Million
• 7% in Deposit Growth to $167.9 Million
• 12 Deposit Market Share Out of 21 Banks*
  • Up from No. 15 in 2023

*As of June 30, 2024, according to FDIC data.

Louisville, KY

Economic Indicators*

GDP – 26.2% 5-year growth rate
In 000’s

• 2023 – $97,751,023
• 2019 – $77,467,785

Population – 7.8% 5-year growth rate

• 2023 – 1,365,557
• 2019 – 1,266,200

Unemployment

• Dec 2024 – 4.7
• Dec 2019 – 3.4

Alabama is No. 25 in Net Migration according to U.S. News and World Report.

Statewide inbound migration rate of 52.0%, according to research from North American Moving Services.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 5
• 4% in Loan Growth to $210.8 Million
• 2% in Deposit Growth to $155.4 Million
• 34 Deposit Market Share Out of 44 Banks*

Jacksonville, FL

Economic Indicators*

GDP – 42.9% 5-year growth rate
In 000’s

• 2023 – $129,094,522
• 2019 – $90,349,867

Population – 9.7% 5-year growth rate

• 2023 – 1,713,240
• 2019 – 1,561,806

Unemployment

• Dec 2024 – 3.0
• Dec 2019 – 2.7

Florida is No. 2 in Net Migration according to U.S. News and World Report.

*Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis

Pinnacle’s Growth

• Revenue Producers Hired - 19
• $138.9 Million in Loans
• $37.0 Million in Deposits
• 32 Deposit Market Share Out of 38 Banks*

*As of June 30, 2024, according to FDIC data.