America's Banks
Jump to Content

Colorado: Banks’ Economic Impact

Banks support Colorado's economy with consumer, business and other loans, and by providing more than 30,000 people with a rewarding place to work.

Find State-by-State Data #
Colorado map icon
Jobs

Jobs

  • 30,492Employees

  • $3.9 BTotal Annual Compensation & Benefits

  • $127,283Average Total Compensation & Benefits

  • 68Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $30.7 BNew Home Loans Booked in 2023

  • 63,406Number of New Home Loans in 2023

  • $445,000Median New Home Loan Size in 2023

  • $12.7 BSmall Business Loans

  • 529.1 KNumber of Small Business Loans

  • $23,940Average Small Business Loan

  • $1.4 BSmall Farm Loans

  • 18,790Number of Small Farm Loans

  • $74,566Average 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 2023, FFIEC CRA 2023, FDIC Call Report 2023Q4, ABA analysis

Customers

Customers

  • $187 BDeposits

  • 129Banks Operating Branches

  • 1,390Branches & Offices

  • 782Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

Submit your bank's story

Submit your story