Memphis
Economic Indicators
23.6%
5-year
GDP growth1
GDP growth1
-0.9%
5-year population
growth1
growth1
3.7%
Unemployment as of
Dec. 31, 20231
Dec. 31, 20231
55.3%
of Tennessee moves are inbound migration2
- Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis; 5-year growth rates from 2018-2022
- Source: U.S. Census
Pinnacle associates really CARE about their clients. It is a remarkable differentiator in today's consumer and business banking world - incredibly refreshing.Memphis client
Pinnacle Growth
3
Revenue Producers
Hired
Hired
10.2%
Loan Growth to $2.3 Billion
9.8%
Deposit Growth to $2.3 Billion
No. 3
Deposit Market Share Out of 45 Banks*
*As of June 30, 2023, according to FDIC data.