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Colorado: Banks’ Economic Impact

Banks support Colorado's economy with consumer, business and other loans, and by providing more than 36,000 people with a rewarding place to work.

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  • 36,752Employees

  • $4.6 BTotal Annual Compensation & Benefits

  • $124,810Average Total Compensation & Benefits

  • 74 Banks Headquartered in State

Source: FDIC branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis



  • $41.6 BNew Home Loans Booked in 2021

  • 89,322Number of New Home Loans in 2021

  • $315,000Median New Home Loan Size in 2021

  • $8.0 BSmall Business Loans

  • 565.4 KNumber of Small Business Loans

  • $14,160Average Small Business Loan

  • $1.5 BSmall Farm Loans

  • 22,429Number of Small Farm Loans

  • $81,292Average 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: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis



  • 5.4 MCustomers

  • $197.2 BDeposits

  • 130Banks Operating Branches

  • 1,402Branches & Offices

  • 535Branches 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.

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment 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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