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Colorado: Banks’ Economic Impact

Banks support Colorado’s economy with consumer, business and other loans, and by providing more than 26,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 26,105Employees

  • $3 BTotal Annual Compensation & Benefits

  • $113,910Average Total Compensation & Benefits

  • 75Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $11.9 BSmall Business Loans Outstanding

  • $23 BNew Home Loans Booked in 2018

  • 68,537Number of New Home Loans in 2018

  • $225,000Median New Home Loan Size in 2018

  • $1.5 BSmall Farm Loans Outstanding

A sign says, "Thanks for Saving Our Bacon"

A Special Thank You

A sign says, "Thanks for Saving Our Bacon"

FirstBank received a special shout out from Minuteman Press, a small business customer that received a PPP loan through the bank. The business placed a sign out front of the bank to say ‘thank you’ for the help it received.

More stories on Lending #

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

Customers

Customers

  • 7 MTotal Customers

  • $142.6 BDeposits

  • 5.2 MConsumer

  • 1.7 MSmall Business

  • 1.9 KSmall Farm

  • 131Banks Operating Branches

  • 1,445Branches & Offices

A Bank Aimed at Teaching the Next Generation About Money

Nyla holding a check

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

Giving Back

Giving Back

  • 146 KVolunteer hours

  • $68.6 MCommunity Donations

First Bank Donor Giveaway

A One-Day Giving Program That Has Become Massive

First Bank Donor Giveaway

FirstBank, based in Lakewood, CO is the lead sponsor of a 24-hour online giving program each year across its home state. The program began a decade ago with a goal of raising $1 million in 24 hours. The result that first year: $8 million raised. Last year’s total was $39.5 million in contributions for 2,600 nonprofits. FirstBank’s slogan is no surprise: “Banking for good.”

More stories on Giving Back #

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

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