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Arizona: Banks' Economic Impact

Banks support Arizona’s economy with consumer, business and other loans, and by providing more than 43,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 43,664Employees

  • $4.4 BTotal Annual Compensation & Benefits

  • $101,549Average Total Compensation & Benefits

  • 14Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $7.1 BSmall Business Loans Outstanding

  • $15.5 BNew Home Loans Booked in 2018

  • 55,775Number of New Home Loans in 2018

  • $185,000Median New Home Loan Size in 2018

  • $200.7 MSmall Farm Loans Outstanding

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 2019/2020 survey data, HMDA

Customers

Customers

  • 5.2 MTotal Customers

  • $141.9 BDeposits

  • 4 MConsumer

  • 1 MSmall Business

  • 2.9 KSmall Farm

  • 68Banks Operating Branches

  • 1,157Branches & Offices

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

Giving Back

Giving Back

  • 364.9 KVolunteer hours

  • $133 MCommunity Donations

Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.

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