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Connecticut: Banks’ Economic Impact

Banks support Connecticut's economy with consumer, business and other loans, and by providing more than 16,000 people with a rewarding place to work.

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Jobs

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Jobs

Jobs

  • 16,846Employees

  • $2.9 BillionTotal Annual Compensation & Benefits

  • $173,798Average Total Compensation & Benefits

  • 28Banks Headquartered in State

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $10.3 BillionNew Home Loans Booked in 2024

  • 25,656Number of New Home Loans in 2024

  • $335,000Median New Home Loan Size in 2024

  • $6.5 BillionSmall Business Loans

  • 308.6 ThousandNumber of Small Business Loans

  • $21,178Average Small Business Loan

  • $792.3 MillionSmall Farm Loans

  • 14,575Number of Small Farm Loans

  • $54,362Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $168 BillionDeposits

  • 52Banks Operating Branches

  • 943Branches & Offices

  • 836Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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