23,827Employees
$4.2 BTotal Annual Compensation & Benefits
$174,872Average Total Compensation & Benefits
34Banks Headquartered in State
Chelsea Groton Bank in Connecticut has one employee whose professionalism really packs a punch. When Tashawn Ward is not working for the bank helping his customers, he’s trying to qualify for the Olympics in boxing. He began his banking career as an intern at Chelsea Groton and finds his job fits perfectly with his boxing dreams.
Source: FDIC Call Report year-end 2020, estimates based on ABA 2020/2021 survey data
$19.2 BNew Home Loans Booked in 2020
49,149Number of New Home Loans in 2020
$245,000Median New Home Loan Size in 2020
$6.6 Bin Paycheck Protection Program (PPP) Loans Facilitated
60,809PPP Loans
$26,200Median PPP Loan
697.6 KJobs Supported by PPP
Savings Institute Bank & Trust, based in Willimantic, CO, helped one customer realize a very big dream of expanding his fitness center by delivering a commercial loan tailored specifically to his needs.
Source: HMDA, SBA PPP Loans, ABA analysis
3.8 MCustomers
$178.5 BDeposits
55Banks Operating Branches
1,058Branches & Offices
566Branches Offering Low Fee Bank On-certified Accounts
Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund
267.8 KVolunteer Hours
$74.3 MCommunity Donations
The Torrington Bank Savings Foundation acted swiftly to respond to the immediate needs of those being directly affected by the COVID-19 pandemic by opening a special $100,000 grant cycle in April 2020. Grants of up to $10,000 were made available to organizations working on the frontlines of the pandemic, and were awarded for basic needs such as rent, food and infant supplies, as well as utilities, counseling and medication.
Source: Estimates based on ABA 2020/2021 survey data
