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California: Banks’ Economic Impact

Banks support California’s economy with consumer, business and other loans, and by providing more than 157,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 157,797Employees

  • $22 BTotal Annual Compensation & Benefits

  • $139,480Average Total Compensation & Benefits

  • 149Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $61.5 BSmall Business Loans Outstanding

  • $175.3 BNew Home Loans Booked in 2018

  • 313,423Number of New Home Loans in 2018

  • $335,000Median New Home Loan Size in 2018

  • $2.3 BSmall Farm Loans Outstanding

Customers Say "Thanks"

black and white photo of a woman smiling

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: Estimates based on ABA 2019/2020 survey data, HMDA

Customers

Customers

  • 24.8 MTotal Customers

  • $1.5 TDeposits

  • 17.7 MConsumer

  • 5.7 MSmall Business

  • 56.7 KSmall Farm

  • 199Banks Operating Branches

  • 6,734Branches & Offices

A Space for Innovation

Golden Pacific Opening

The Golden Pacific Bank Business Center is a one-stop resource hub for small business owners, startups and entrepreneurs in Marysville, California. The space was repurposed from a recently closed branch.

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

Giving Back

Giving Back

  • 757.1 KVolunteer hours

  • $403.9 MCommunity Donations

Helping kids

A Strong Commitment to an Important Organization

Helping kids

First Choice Bank, headquartered in Cerritos, CA, has contributed to numerous non-profit organizations since its founding in 2005. But it has a special relationship with Blind Children’s Learning Center (BCLC). Because of BCLC, children with visual impairments have a place to go and learn independence through early intervention, education and family support. Bank employees volunteer at BCLC, participate in a fundraising 5K and host Center children at a branch for fun learning activities.

More stories on Giving Back #

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

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