GILROY, Calif.--(BUSINESS WIRE)--PBNK - Pinnacle Bank, headquartered in Gilroy, California, was ranked 31st out of 200 top performing community banks and thrifts in the United States by the American Banker Magazine. A total of 851 institutions, with less than $2 billion in assets, were considered for the nationwide ranking. Ranking was based on a 3-year average return on equity of 7.8% or higher. Pinnacle Bank’s ROE was 14%.
“This is our first year making the Top 200 list. We appreciate this recognition of Pinnacle Bank’s performance. This accomplishment illustrates the commitment of our directors, advisors, management and staff to building a strong and valuable franchise,” stated Susan K. Black, President and Chief Executive Officer.
About Pinnacle Bank
Pinnacle Bank is a full-service business bank dedicated to providing quality depository and credit services in Santa Clara, San Benito and Monterey counties. The bank focuses on commercial banking services for non-profits, businesses and their principals offering a variety of products and services that combine the best of personal touch with convenient technology-based delivery. Pinnacle Bank has locations in Morgan Hill, Gilroy and Salinas. For more information please go to www.pinnaclebankonline.com.