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Arizona: Banks' Economic Impact

Banks support Arizona's economy with consumer, business and other loans, and by providing more than 80,000 people with a rewarding place to work.

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  • 80,805Employees

  • $8.5 BTotal Annual Compensation & Benefits

  • $104,629Average Total Compensation & Benefits

  • 84 Banks Headquartered in State

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



  • $11.9 BNew Home Loans Booked in 2021

  • 55,744Number of New Home Loans in 2021

  • $165,000Median New Home Loan Size in 2021

  • $6.6 BSmall Business Loans

  • 447.4 KNumber of Small Business Loans

  • $14,715Average Small Business Loan

  • $546.9 MSmall Farm Loans

  • 11,960Number of Small Farm Loans

  • $29,287Average Small Farm Loan

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



  • 2.2 MCustomers

  • $90.6 BDeposits

  • 113Banks Operating Branches

  • 1,299Branches & Offices

  • 693Branches Offering Low Fee Bank On-certified Accounts

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

Giving Back

Giving Back

  • 132.4 KVolunteer Hours

  • $47.1 MCommunity Donations

Source: Estimates based on ABA 2020/2021 survey data

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