2024 ANNUAL REPORT
Raleigh-Durham-Chapel Hill
Economic Indicators
39.4%
5-year
GDP growth1
GDP growth1
8.4%
5-year population growth1
2.9%
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
I love my entire Pinnacle Team! ... I moved all accounts from [a national competitor] in 2018 after 28 years. I tell everyone about 'My Bank, Pinnacle!' To date, I have not had one need that this team has not been able to meet, from teller, financial advisor to branch manager. They are the best!Raleigh-Durham-Chapel Hill clientI have moved over $1 million to this bank because of Dawn. SHE IS AMAZING!!Raleigh-Durham-Chapel Hill clientThe relationships. Our business matters. We have people we can call that listen if there is a problem and help find a solution.Raleigh-Durham-Chapel Hill clientThe Pinnacle people! The team in the Durham and Chapel branches are incredible. They are above all nice, which is rare these days. They are also responsive, knowledgeable and extremely helpful when I need help. I feel valued and important, even with the smallest of concern. If every bank in the US were like these two branches, then the personal element of banking would be restored.Raleigh-Durham-Chapel Hill clientThe best bank I've ever worked with. Employees at all locations I have gone to in the Chapel Hill and Raleigh area have always gone above and beyond.Raleigh-Durham-Chapel Hill client
Pinnacle Growth
9
Revenue Producers
Hired
Hired
0.2%
Loan Growth to $1.7 Billion
3.4%
Deposit Growth to $1.1 Billion
No. 9
Deposit Market Share Out of 18 Banks*
No. 15
Deposit Market Share Out of 36 Banks*
*As of June 30, 2024, according to FDIC data.