P innacle’s coastal South Carolina team is responsible for consistent year-over-year growth, reflecting the upward trend of the region’s economy. Loans and deposits grew steadily, as did recruitment of competitors’ top talent, including Ross Campbell, former real estate banking SVP at Wells Fargo, to lead Pinnacle’s commercial real estate efforts on the coast.
Charleston and Greenville now account for more than one-fourth of the state’s GDP of $207.2 billion. The Lowcountry continues to experience tremendous growth, despite a labor shortage, with investments and new jobs from manufacturers like Boeing Co., Mercedes-Benz and Volvo, not to mention their suppliers. Tourism is also a significant contributor at $8 billion, and the Port of Charleston has handled record high cargo volumes three years running, with statewide impact of $63.4 billion. Plans to dredge Charleston Harbor to allow super-sized ships anytime will enhance this growth.
to $891.2 million
to $971.4 million
Charleston on the Charts
- Forbes' Best States for Business — South Carolina is #13
- America’s Best Cities, Small
- Inc. Magazine’s 50 Best U.S. Cities for Starting a Business — Charleston is #7
- Travel & Leisure Magazine’s Top 15 Cities in the World — Charleston is #12