32,545Employees
$3.1 BTotal Annual Compensation & Benefits
$95,232Average Total Compensation & Benefits
98Banks Headquartered in State
Regions Bank, based in Birmingham, Ala., awarded its top honor for its associates—the Better Life Award—to Steve Beres, a veteran with a powerful story. Steve was injured in Afghanistan, losing his sight. As Regions' first service member and veterans affairs manager, Steve now manages relationships with organizations that support veterans. Regions donated $1,000 in Steve’s name to H.E.R.O.E.S. Care, a non-profit that supports military families.
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Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis
$14.4 BNew Home Loans Booked in 2022
53,068Number of New Home Loans in 2022
$245,000Median New Home Loan Size in 2022
$9.5 BSmall Business Loans
292.5 KNumber of Small Business Loans
$32,506Average Small Business Loan
$805.2 MSmall Farm Loans
13,172Number of Small Farm Loans
$61,130Average Small Farm Loan
Valley National Bank brought new meaning to ‘adaptive reuse’ when it partnered with the Alexander City Chamber of Commerce to turn a former bank operations center into something completely new. Now, the space is a business incubator for local entrepreneurs, startups, small businesses and individuals in need of a workspace—the Lake Martin Innovation Center.
Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis
$140 BDeposits
136Banks Operating Branches
1,382Branches & Offices
725Branches Offering Low Fee Bank On-certified Accounts
Mario and Gabriela Limon opened their Mexican restaurant, Limon’s, in the center of Henagar, Alabama in 2004. When COVID-19 began rapidly spreading, the Limons had no choice but to shift their operations to take-out only. The Limons turned to First Fidelity Bank to secure a PPP loan—allowing them not only to continue employing staff and serving customers safely, but also to give back to the community.
Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis
