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Arizona: Banks' Economic Impact

Banks support Arizona’s economy with consumer, business and other loans, and by providing more than 49,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 49,251Employees

  • $5.8 BTotal Annual Compensation & Benefits

  • $117,310Average Total Compensation & Benefits

  • 21Banks Headquartered in State

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $25.7 BNew Home Loans Booked in 2020

  • 77,308Number of New Home Loans in 2020

  • $245,000Median New Home Loan Size in 2020

  • $8 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 73,171PPP Loans

  • $26,880Median PPP Loan

  • 1.1 MJobs Supported by PPP

A woman wearing a mask and apron operates an espresso machine

Saving Jobs in Arizona

A woman wearing a mask and apron operates an espresso machine

Paycheck Protection Program loans delivered much-needed financial relief to businesses in Arizona during the COVID-19 pandemic. Ninety-three percent of the 1,000,000+ jobs saved were a result of PPP government loans facilitated by America’s banks.

More stories on Lending #

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 5 MCustomers

  • $173 BDeposits

  • 65Banks Operating Branches

  • 1,118Branches & Offices

  • 992Branches Offering Low Fee Bank On-certified Accounts

Source: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

Giving Back

Giving Back

  • 498.4 KVolunteer Hours

  • $149.1 MCommunity Donations

Source: Estimates based on ABA 2020/2021 survey data

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