2024 ANNUAL REPORT
Charlotte
Economic Indicators
37.5%
5-year
GDP growth1
GDP growth1
6.2%
5-year population growth1
3.3%
Unemployment as of Dec. 31, 20241
No. 6
in Net
Migration2
Migration2
64.0%
of statewide
moves are inbound
migration3
moves are inbound
migration3
- Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis
- Source: U.S. News and World Report
- Source: North American Moving Services
Being personally known (and not a faceless client) is the most important thing to me. It's a bonus that everyone in the office seems genuinely happy to see me when I come in the office.Charlotte clientWhen I tell someone about Pinnacle, I almost always start out saying 'My Banker' because I do have someone to always call, I don't have to wonder who may specialize in whatever I need today. I just call Ellen Palmer and it's not her area of expertise, she always gets someone to contact me to help.Charlotte clientThe responsiveness and working relationships I have with Pinnacle is by far the best I have experienced in my professional career.Charlotte client
Pinnacle Growth
11
Revenue Producers
Hired
Hired
4.8%
Loan Growth to $3.5 Billion
5.9%
Deposit Growth to $2.3 Billion
No. 7
Deposit Market Share Out of 50 Banks*
*As of June 30, 2024, according to FDIC data.