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Colorado: Banks’ Economic Impact

Banks support Colorado’s economy with consumer, business and other loans, and by providing more than 25,000 people with a rewarding place to work.

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  • 25,570Employees

  • $3.1 BTotal Annual Compensation & Benefits

  • $121,657Average Total Compensation & Benefits

  • 74Banks Headquartered in State

Source: FDIC Call Report year-end 2020, estimates based on ABA 2020/2021 survey data



  • $40.2 BNew Home Loans Booked in 2020

  • 98,988Number of New Home Loans in 2020

  • $315,000Median New Home Loan Size in 2020

  • $10 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 97,754PPP Loans

  • $24,532Median PPP Loan

  • 1.1 MJobs Supported by PPP

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: HMDA, SBA PPP Loans, ABA analysis



  • 7.2 MCustomers

  • $197.2 BDeposits

  • 130Banks Operating Branches

  • 1,402Branches & Offices

  • 527Branches 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: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund

Giving Back

Giving Back

  • 122.1 KVolunteer Hours

  • $68.2 MCommunity Donations

A One-Day Giving Program That Has Become Massive

FirstBank is the founding corporate partner of Colorado Gives Day, a one-day online giving program aimed at increasing philanthropy in the state. Every year, FirstBank supports the 24-hour event by not only contributing $500,000 to help boost online donations, but though digital marketing, PR and advertising to build campaign awareness.

Source: Estimates based on ABA 2020/2021 survey data

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