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Colorado: Banks’ Economic Impact

Banks support Colorado’s economy with consumer, business and other loans, and by providing more than 32,000 people with a rewarding place to work.

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  • 32,896Employees

  • $4 BTotal Annual Compensation & Benefits

  • $121,862Average Total Compensation & Benefits

  • 72Banks Headquartered in State

Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis



  • $40.6 BNew Home Loans Booked in 2022

  • 82,596Number of New Home Loans in 2022

  • $455,000Median New Home Loan Size in 2022

  • $13.2 BSmall Business Loans

  • 548.8 KNumber of Small Business Loans

  • $24,088Average Small Business Loan

  • $1.4 BSmall Farm Loans

  • 18,767Number of Small Farm Loans

  • $73,620Average Small Farm Loan

Empowering Homeownership

FirstBank knew two things to be true: diverse audiences are increasingly concerned about qualifying for a mortgage, and that despite its focus on "banking for good", FirstBank was not perceived as an option for first-time homebuyers. The bank made it its mission to change that.

Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis



  • $205 BDeposits

  • 126Banks Operating Branches

  • 1,374Branches & Offices

  • 663Branches Offering Low Fee Bank On-certified Accounts

A Bank Aimed at Teaching the Next Generation About Money

Young Americans Bank of Denver, CO offers an educational focus customized just for kids. Today the bank has 19,000 account holders, and its non-profit center offers a range of financial education opportunities for youth.

Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis

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