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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.

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  • 49,251Employees

  • $5.8 BTotal Annual Compensation & Benefits

  • $117,310Average Total Compensation & Benefits

  • 13Banks Headquartered in State

Source: FDIC Call Report year-end 2020, estimates based on ABA 2020/2021 survey data



  • $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

Source: HMDA, SBA PPP Loans, ABA analysis



  • 5 MCustomers

  • $203.8 BDeposits

  • 64Banks Operating Branches

  • 1,063Branches & Offices

  • 710Branches Offering Low Fee Bank On-certified Accounts

Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund

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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