P innacle made a major investment in Roanoke in 2019 with the construction of a new main office at the gateway to downtown. The significant facility is a symbol of the firm’s commitment to Western Virginia, as it leaves plenty of room for future growth of the commercial banking team and gives clients a much better experience. The team in Roanoke has already made major headway in the local economy, with double-digit growth in both loans and deposits for 2019. The 10 percent increase in deposits was good enough to rise in the FDIC market share rankings, up to No. 4 overall as of June 30, 2019.
Virginia’s profile for business continued to rise as well, being named CNBC’s Top State for Business while preparing to break ground on Amazon’s HQ2 in Northern Virginia.
to $527.9 million
to $643.6 million