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Alabama: Banks' Economic Impact

Banks support Alabama’s economy with consumer, business and other loans, and by providing more than 31,000 people with a rewarding place to work.

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Jobs

Jobs

  • 31,060Employees

  • $2.4 BTotal Annual Compensation & Benefits

  • $78,664Average Total Compensation & Benefits

  • 110Banks Headquartered in State

Steve Beres

A Veteran Supporting Veterans

Steve Beres

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.

More stories on Jobs #

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $3.8 BSmall Business Loans Outstanding

  • $9.5 BNew Home Loans Booked in 2018

  • 52,243Number of New Home Loans in 2018

  • $135,000Median New Home Loan Size in 2018

  • $1.7 BSmall Farm Loans Outstanding

Supporting A Small Business That Gives Gack

Bankers and restaurant owner wearing masks and completing loan documentation

Henagar, Alabama’s Mi Casita Mexican Restaurant turned to First Fidelity to secure a PPP loan to remain open during the COVID-19 pandemic.

Source: Estimates based on ABA 2019/2020 survey data, HMDA

Customers

Customers

  • 4.8 MTotal Customers

  • $107.6 BDeposits

  • 4.3 MConsumer

  • 1 MSmall Business

  • 334.7 KSmall Farm

  • 153Banks Operating Branches

  • 1,456Branches & Offices

Sidewalk chalk art in front of bank doors

Safely Serving Customers

Sidewalk chalk art in front of bank doors

Region’s Bank in Montgomery, Alabama, took a colorful approach towards encouraging social distancing during the COVID-19 pandemic. While the bank was operating only drive-thru and appointment-only, it knew there would be a lot of walk-up traffic, so they created colorful chalk drawings with messages for customers reminding them to stay six feet apart.

More stories on Serving Customers #

Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 142.8 KVolunteer hours

  • $35.5 MCommunity Donations

Making a Difference for Veterans in Need

Group receiving check

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 2019/2020 survey data. Does not include individual employee donations.

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