Building on Momentum

W ith 10 new revenue producers on board across a variety of lines of business, Pinnacle’s model for organic growth was executed in full force in 2019 in Raleigh-Durham-Chapel Hill. One of those new faces is a veteran bank leader who will help further the work of building a strong, experienced commercial banking team to serve more clients in the market. With deposits up 8 percent and loans up nearly 15 percent for the year, the momentum is already strong.

North Carolina’s business-friendly reputation has helped the Triangle area become one of the country’s most attractive places for relocation and expansion. The awards and rankings speak for themselves, and corporate investments abound. Late in the year, Microsoft announced it would bring 500 jobs with an average salary of $125,000, while Q² Solutions brought another 749.

Pinnacle Growth

10

Revenue Producers Hired

14.9%

Loan Growth
to $1.2 billion

8%

Deposit Growth
to $629 million

#14

Market Share