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Arkansas: Banks’ Economic Impact

Banks support Arkansas’s economy with consumer, business and other loans, and by providing more than 25,000 people with a rewarding place to work.

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Jobs

Jobs

  • 25,430Employees

  • $2.2 BTotal Annual Compensation & Benefits

  • $86,353Average Total Compensation & Benefits

  • 89Banks Headquartered in State

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

Lending

Lending

  • $11.4 BNew Home Loans Booked in 2020

  • 58,187Number of New Home Loans in 2020

  • $155,000Median New Home Loan Size in 2020

  • $3.2 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 41,104PPP Loans

  • $20,800Median PPP Loan

  • 424.3 KJobs Supported by PPP

A Partner Across the Board

Greta Ishmael trusted FNBC in Arkansas to help her realize not just the purchase of a pharmacy from her father, but also to expand a second business pursuit: a paddleboard rental business.

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

Customers

Customers

  • 4.6 MCustomers

  • $83 BDeposits

  • 113Banks Operating Branches

  • 1,334Branches & Offices

  • 658Branches Offering Low Fee Bank On-certified Accounts

A Flag of Honor at a Surprising Moment

Arvest Bank, headquartered in Fayetteville, AR, presents military branch flags to VA Loan Program recipients at mortgage closing, throughout the bank’s four-state footprint.

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

  • 132.4 KVolunteer Hours

  • $47.1 MCommunity Donations

A Bank That Kick Starts Change for an Entire Community

Citizens Bank, in Batesville, AR, has seen its community growth initiative result in a major boost to the local economy, bringing together leaders and investment for major impact.

Source: Estimates based on ABA 2020/2021 survey data

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