2024 ANNUAL REPORT
Greenville/Spartanburg
Economic Indicators
Greenville1
30.7%
5-year
GDP growth
GDP growth
5.6%
5-year population growth
4.4%
Unemployment as of Dec. 31, 2024
Spartanburg1
25.4%
5-year
GDP growth
GDP growth
19.7%
5-year population growth
4.0%
Unemployment as of Dec. 31, 2024
No. 3
in Net
Migration2
Migration2
65.0%
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
Seth Hunter is always quick to respond to any questions I might have. He goes out of his way to meet my financial needs. The girls in the office are very friendly and knowledgeable and always call me by name when I enter. I was with [a national competitor] for 30 years, and there is no comparison between the two banks. I would highly recommend Pinnacle Bank to any of my friends and clients.Greenville/Spartanburg clientEveryone at my local branch knows me by name and they are always friendly and willing to go above and beyond to help me.Greenville/Spartanburg client
Pinnacle Growth
0
Revenue Producers
Hired
Hired
-9.2%
Loan Growth to $519.5 Million
2.6%
Deposit Growth to $503.7 Million
No. 11
Greenville Deposit Market Share Out of 40 Banks*
Up from No. 14 in 2023
No. 13
Spartanburg Deposit Market Share Out of 21 Banks*
*As of June 30, 2024, according to FDIC data.