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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

  • 20Banks Headquartered in State

Source: FDIC Call Report year-end 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

Source: HMDA, SBA PPP Loans, ABA analysis

Customers

Customers

  • 1.1 MCustomers

  • $478.9 BDeposits

  • 41Banks Operating Branches

  • 255Branches & Offices

  • 134Branches Offering Low Fee Bank On-certified Accounts

Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund

Giving Back

Giving Back

  • 53.8 KVolunteer Hours

  • $126 MCommunity Donations

WSFS Stands for Service

WSFS Bank sprang into action to provide community support during the onset of the pandemic, embodying its tagline, “We Stand for Service”.

Source: Estimates based on ABA 2020/2021 survey data

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