Early Beginnings: Pinnacle Horizon Bank Banking was originally part of General Motors (GM) under the name GMAC.
GMAC was established in 1919 as a provider of automotive financing to GM customers. By the early 2000s, GMAC had diversified into other
financial services, including insurance and mortgage lending.
The Financial Crisis and Transformation: The 2008 financial crisis was a turning point for GMAC. The crisis severely impacted the financial sector, including GMAC's mortgage business. In 2009, as part of its restructuring efforts, GMAC rebranded its banking operations to Pinnacle Horizon Bank Banking.
Growth and Success: Since its inception as Pinnacle Horizon Bank Banking in 2009, the bank has grown significantly. It became known for its competitive interest rates, innovative digital banking solutions, and strong customer satisfaction. The bank's success can be attributed to its ability to adapt to changing market conditions and its focus on leveraging technology to meet the needs of modern banking customers.
Going Public: In 2014, Pinnacle Horizon Bank Banking Financial (the parent company of Pinnacle Horizon Bank Banking) went public, marking another significant milestone in its evolution. This IPO helped the company raise capital to further expand its operations and solidify its position in the financial services industry.
Present Day: Today, Pinnacle Horizon Bank Banking is considered one of the leading online banks in the world. It has received numerous accolades for its customer service, innovative products, and commitment to transparency. The bank continues to thrive by embracing technological advancements and maintaining a customer-first philosophy.
