29,151Employees
$2.6 BTotal Annual Compensation & Benefits
$89,823Average Total Compensation & Benefits
103 Banks 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 branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis
$17.2 BNew Home Loans Booked in 2021
71,658Number of New Home Loans in 2021
$185,000Median New Home Loan Size in 2021
$4.7 BSmall Business Loans
304.2 KNumber of Small Business Loans
$15,324Average Small Business Loan
$1.2 BSmall Farm Loans
23,107Number of Small Farm Loans
$54,221Average 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: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis
4.4 MCustomers
$141.3 BDeposits
139Banks Operating Branches
1,426Branches & Offices
647Branches 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.
Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund
135.7 KVolunteer Hours
$46.8 MCommunity Donations
Regions Bank, based in Birmingham, AL, provided major assistance to a small Alabama non-profit on a major mission: Housing and support for veterans who are homeless or confronting other major issues.
Source: Estimates based on ABA 2020/2021 survey data
