Birmingham
Economic Indicators
24.5%
5-year
GDP growth1
GDP growth1
2.6%
5-year population
growth1
growth1
2.4%
Unemployment as of
Dec. 31, 20231
Dec. 31, 20231
57.1%
of Alabama moves are inbound migration
No. 7 highest inbound rate in the nation2
- 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
Moving to Pinnacle was NIGHT and DAY difference from what I was accustomed to in the banking industry. I've never been a 'raving fan' of a bank, but now I am. I suggest Pinnacle to every small business.Birmingham client
Pinnacle Growth
7
Revenue Producers
Hired
Hired
59.6%
Loan Growth to $628.2 Million
36.0%
Deposit Growth to $299.2 Million
No. 23
Deposit Market Share Out of 48 Banks*
*As of June 30, 2023, according to FDIC data.