Pinnacle moved up a notch in the Raleigh-Cary MSA to No. 13, according to FDIC data as of June 30, 2020, and held steady in Durham-Chapel Hill at No. 8. Pinnacle grew both deposits and loans in a market where 11 of the top 20 banks lost market share despite an increase in deposit dollar amounts. With 11 new revenue producers on board, the team is poised to seize additional market share.
Pinnacle Growth
11
Revenue Producers Hired
2.55%
Loan Growth to $1.23 billion
23.67%
Deposit Growth to $777.9 billion
Raleigh-Cary/
Durham-Chapel Hill
Durham-Chapel Hill
#13/#8
Market Share
$92.8M
PPP Lending