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Delaware: Banks’ Economic Impact

Banks support Delaware’s economy with consumer, business and other loans, and by providing more than 24,000 people with a rewarding place to work.

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Jobs

Jobs

  • 24,542Employees

  • $1.4 BTotal Annual Compensation & Benefits

  • $58,963Average Total Compensation & Benefits

  • 17Banks Headquartered in State

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $4.8 BNew Home Loans Booked in 2020

  • 15,967Number of New Home Loans in 2020

  • $225,000Median New Home Loan Size in 2020

  • $1.4 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 11,498PPP Loans

  • $33,500Median PPP Loan

  • 153.6 KJobs Supported by PPP

Saving Jobs in Delaware

Paycheck Protection Program loans delivered much-needed financial relief to businesses in Delaware during the COVID-19 pandemic. Ninety-one percent of the 136,000+ jobs saved were a result of PPP government loans facilitated by America’s banks.

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 1.1 MCustomers

  • $467 BDeposits

  • 42Banks Operating Branches

  • 259Branches & Offices

  • 172Branches Offering Low Fee Bank On-certified Accounts

Source: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

Giving Back

Giving Back

  • 53.8 KVolunteer Hours

  • $126 MCommunity Donations

Source: Estimates based on ABA 2020/2021 survey data

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