PPP lender · derived table
Pinnacle Bank (Elberton, GA)
Pinnacle Bank, headquartered in Elberton, Georgia, is one of seven separately chartered banks that SBA's PPP loan-level file lists under that name, told apart through bank regulators' 2020–21 call-report rosters. The file's records for this bank show 2,321 loans and $162.0 million in approved dollars, an average of $69,797 a loan. That is 0.02% of the 11,468,171 loans in our per-lender totals. Borrowers on those loans reported 21,131 jobs, 9.1 a loan, and $7,666 of approved dollars for each reported job. The Pinnacle Bank page adds the seven banks together.
Totals
| Headquarters (call-report roster) | Elberton, Georgia |
| FDIC certificate | 14065 |
| Federal Reserve RSSD ID | 366238 |
| SBA lender location IDs | 19435, 441338 |
| Loans | 2,321 |
| Approved dollars | $161,998,377.04 |
| Average loan | $69,796.80 |
| Share of program loans | 0.0202% |
| Rank by approved dollars | Not ranked: ranks in this archive are by SBA lender name |
| Rank by loan count | Not ranked: ranks in this archive are by SBA lender name |
| Jobs reported | 21,131 |
| Jobs per loan | 9.1043 |
| Approved dollars per reported job | $7,666.38 |
| Borrowers | 2,236 |
| Loans per borrower | 1.038 |
| Lender type (archive classification) | Community bank |
| Modeled processing fees | $8,055,864.16 |
| Modeled fees, 2020 first-draw loans | $4,291,866.27 |
| Modeled fees, 2021 first-draw loans | $1,904,299.01 |
| Modeled fees, 2021 second-draw loans | $1,859,698.88 |
| Modeled fee per loan | $3,470.86 |
| Rank by modeled fees | Not ranked: ranks in this archive are by SBA lender name |
Another bank with the same name
The SBA file uses this name for more than one bank. 8,429 loans ($453.6 million) that the SBA file lists under this name at lender location 42565 (Lincoln, NE) were made by Pinnacle Bank of Lincoln, Nebraska (FDIC certificate 10634), a different bank from Pinnacle Bank of Nashville, Tennessee (FDIC certificate 35583), whose loans are at location 203685; 7,594 of the Lincoln loans went to borrowers in Nebraska.
These loans are counted in the totals above.
Named in the archive
1 page in the archive carries this name in a title or description. The match is on the page title and description, not a finding about the lender's role in the case.
Cases
Each case below is listed because a filing in it carries this lender's name in its title or description; the listing is not a finding against the lender.
- In re: Paycheck Protection Program (PPP) Agent Fees Litigation, MDL No. 29501 filing listed below
Filings and documents
| Date | Page | Section |
|---|---|---|
| Exhibit C — Agent Fee Litigation (Dkt. 135.5) | Court filings |
Data and method
Totals come from SBA's PPP loan-level file (FOIA release of 2024-09-30), summed over the loans whose originating-lender location IDs were matched by name, state and city to this bank in the FFIEC call-report rosters (2020 Q2 to 2021 Q4); ranks in this archive are by SBA lender name, so this page carries none. Modeled fees are computed loan by loan from SBA's published fee schedule, because SBA never published what it paid each lender. Jobs are self-reported; dollars are approved, not disbursed. The per-lender totals page has the full method.