Charleston & the South Carolina Coast
Economic Indicators
Charleston
28.5%
5-year
GDP growth1
GDP growth1
5.1%
5-year population
growth1
growth1
2.5%
Unemployment as of
Dec. 31, 20231
Dec. 31, 20231
Myrtle Beach
31.2%
5-year
GDP growth1
GDP growth1
2.4%
5-year population
growth1
growth1
3.6%
Unemployment as of
Dec. 31, 20231
Dec. 31, 20231
58.7%
of South Carolina moves are inbound migration
No. 3 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
Pinnacle provides what I refer to as the 'small town' banking experience, where you can resolve a problem over the phone with your local branch. I recommend Pinnacle to people at least one time a month. I cannot say enough good things about the Leadership and associates.Charleston client
Pinnacle Growth
5
Revenue Producers
Hired
Hired
8.2%
Loan Growth to $1.1 Billion
19.6%
Deposit Growth to $1.8 Billion
No. 6
Deposit Market Share Rank
Charleston Out of 35 Banks
No. 14
Deposit Market Share Rank
Myrtle Beach Out of 22 Banks
No. 15
Deposit Market Share Rank
Hilton Head Out of 20 Banks*
*As of June 30, 2023, according to FDIC data.