Pinnacle moved up a notch again to No. 3 in deposit market share, holding 9.1 percent total, according to FDIC data as of June 30, 2020. The firm’s growth rate was the highest among the top 10 banks in the Roanoke MSA, as was its gain in market share. The conversion of a loan production office in Lynchburg to a full-service office resulted in $12 million in local deposits. The team welcomed six revenue producers this year, three based in Lynchburg. For the second year in a row, the firm was the top-ranked among banks and credit unions on a list of Best Places to Work from Virginia Business magazine. Pinnacle earned the No. 11 spot in the large companies category.
Pinnacle Growth
6
Revenue Producers Hired
12.55%
Loan Growth to $594.2 million
31.26%
Deposit Growth to $844.8 million
#3
Market Share
$69.3M
PPP Lending