C harlotte crossed a crucial milestone in 2019 with $2 billion in loans — an increase of 11.5 percent over 2018 — maintaining its spot as the No. 2 lending market in Pinnacle’s footprint. Deposits grew even more rapidly at 15.7 percent. The team continued to grow, as well. Another 12 revenue producers joined Pinnacle in Charlotte to further fill out a full suite of capabilities. Those include several commercial financial advisors, two in trust to serve private wealth and business needs, as well as two mortgage professionals and one for the treasury management team. Together, these 12 have an average of 20 years of experience.

The business climate in Charlotte is world class with little signs of slowing down. It was ranked among the World’s Best Cities by BestCities.org, and North Carolina topped Forbes’ list of the Best States for Business. Its population continues to grow, as do its job prospects. In the third quarter of 2019, Microsoft announced a major expansion and investment there, with 430 jobs expected to have an average salary approaching $100,000.

Pinnacle Growth

image description 12
Revenue Producers Hired
image description 11.5%
Loan Growth
to $2.02 billion
image description 15.7%
Deposit Growth
to $1.28 billion
image description #10
Market Share