2024 ANNUAL REPORT
Roanoke
Economic Indicators
Roanoke1
8.6%
5-year
GDP growth
GDP growth
0.02%
5-year population growth
2.5%
Unemployment as of Dec. 31, 2024
Lynchburg1
23.7%
5-year
GDP growth
GDP growth
0.02%
5-year population growth
2.9%
Unemployment as of Dec. 31, 2024
- Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis; 5-year growth rates from 2018-2022
I have had to make a lot of decisions with my new business, but the best decision I have made was choosing Rob Mangus and PFP. Rob and his assistant, Candace Benson, have been a tremendous asset to my firm and I could not be better served. Any issue I have had they have been there to quickly remedy. I consider myself very lucky to have them as part of my team!Roanoke clientOur relationship with Shannon Miller and Pinnacle Bank is exceptional.Roanoke clientWe feel our best interests are always forefront in every interaction with Shannon and Pinnacle. Our success would not be possible without this relationship.Roanoke client
Pinnacle Growth
2
Revenue Producers
Hired
Hired
10.4%
Loan Growth to $842.2 Million
-6.5%
Deposit Growth to $915.6 Million
No. 4
Roanoke Deposit Market Share Out of 15 Banks*
No. 12
Lynchburg Deposit Market Share Out of 16 Banks*
Up from No. 13 in 2023
*As of June 30, 2024, according to FDIC data.