Published Nov. 27, 2012
Pinnacle Bank of South Carolina’s earnings increased to $916,000 for the third quarter, up from $212,000 for the same period last year.
Greenville-based Pinnacle Bank also reported an increase in the number of accounts being opened. As of Sept. 30, Pinnacle Bank’s total assets grew to $148.7 million.
“We are very pleased about our progress this year despite the continued economic challenges, the uncertainty of the elections and the looming hard fiscal decisions our leaders in Washington must make,” Pinnacle Bank President David Barnett said in a news release. “Earnings have been bolstered both from customer growth and a very good net-interest margin.”
Pinnacle Bank is wholly owned by PBSC Financial Corp. The bank offers personal and business banking services in Greenville and Powdersville.