W ith 10 new revenue producers on board across a variety of lines of business, Pinnacle’s model for organic growth was executed in full force in 2019 in Raleigh-Durham-Chapel Hill. One of those new faces is a veteran bank leader who will help further the work of building a strong, experienced commercial banking team to serve more clients in the market. With deposits up 8 percent and loans up nearly 15 percent for the year, the momentum is already strong.
North Carolina’s business-friendly reputation has helped the Triangle area become one of the country’s most attractive places for relocation and expansion. The awards and rankings speak for themselves, and corporate investments abound. Late in the year, Microsoft announced it would bring 500 jobs with an average salary of $125,000, while Q2 Solutions brought another 749.
to $1.2 billion
to $629 million
Raleigh/Durham on the Charts
- Forbes’ Best States for Business — North Carolina is #1
- CNBC’s Top States for Business — North Carolina is #3
- Inc. Magazine’s Best Place to Start a Business — #3
- America’s Biggest Millennial Boomtowns — #6
- World’s Best Cities — Raleigh is #92
- America’s Best Cities, Large — Raleigh is #26
- America’s Best Cities, Small — Durham is #15