Pinnacle Bank Reports Third Quarter Earnings

GREENVILLE, SC – November 26, 2012 – PBSC Financial Corporation, the Greenville-based holding company for Pinnacle Bank of South Carolina, announced record earnings through the third quarter. Earnings increased to $916,000 from $212,000 for the same period time last year.

David Barnett, president of Pinnacle Bank, said, 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. Earnings have been bolstered both from customer growth and a very good net-interest margin.

Pinnacle Bank also reported an increase in the number of accounts being opened as customers are making the choice to switch to a community bank. As of September 30, 2012, Pinnacle Bank’s total assets grew to $148.7 million.

Pinnacle Bank offers a full range of personal and business banking services at locations in both Greenville and Powdersville. For more information, visit www.PinnacleBankSC.com.