$36.7 BTotal Annual Compensation & Benefits
$194,978Average Total Compensation & Benefits
144 Banks Headquartered in State
When the pandemic struck, Montecito Bank & Trust took action by converting its Hollister branch located in Goleta, Calif., into a COVID-19 relief center. The team members at the center of this endeavor were strictly focused on helping to process PPP loans for customers in need. Bankers voluntarily worked overtime—including weekends—to ensure the financial well-being of their community during this trying time.
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
$305.4 BNew Home Loans Booked in 2021
396,906Number of New Home Loans in 2021
$505,000Median New Home Loan Size in 2021
$57.0 BSmall Business Loans
3.2 MNumber of Small Business Loans
$17,947Average Small Business Loan
$3.8 BSmall Farm Loans
33,339Number of Small Farm Loans
$115,684Average Small Farm Loan
Bank of Southern California received a special thank-you from Lyon, a small business customer of the bank and film production company for clients in healthcare, technology and life science. The video “thank-you card” expressed the company’s gratitude for receiving a PPP loan from the bank during the COVID-19 pandemic.
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
192Banks Operating Branches
6,267Branches & Offices
3,866Branches Offering Low Fee Bank On-certified Accounts
Wells Fargo announced a $20 million donation to help small business owners in Los Angeles own more of their businesses’ assets, including property and equipment.
Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund
992.0 KVolunteer Hours
$536.2 MCommunity Donations
In June, Union Bank committed $10 million to launch their Community Recovery Program aimed at addressing social and racial injustices in the United States. This initiative is specifically focused on building economic stability, supporting access to capital, encouraging entrepreneurship, job retention and more. This builds on the bank’s previously announced commitment of $3 million to support local communities affected by COVID-19.
Source: Estimates based on ABA 2020/2021 survey data