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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

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

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 2019/2020 survey data. Does not include individual employee donations.

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