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District of Columbia: Banks’ Economic Impact

Banks support D.C.'s economy with consumer, business and other loans, and by providing more than 5,000 people with a rewarding place to work.

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  • 5,047Employees

  • $1.0 BTotal Annual Compensation & Benefits

  • $200,449Average Total Compensation & Benefits

  • 4 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



  • $6.0 BNew Home Loans Booked in 2021

  • 8,875Number of New Home Loans in 2021

  • $485,000Median New Home Loan Size in 2021

  • $2.7 BSmall Business Loans

  • 70.1 KNumber of Small Business Loans

  • $38,152Average Small Business Loan

A Phone Call Away

M&T Bank stepped up to help customers in Maryland, Virginia and Washington, D.C. during the COVID-19 pandemic. DC Media Connection, a minority-owned media company located in the district, was among the small businesses the bank assisted with a PPP loan. The pandemic forced owner Angel Livas to restructure and reframe how her company was doing things. Angel called her banker at M&T who encouraged her to apply for a PPP loan. She qualified and within two weeks, Angel had the money to help her business move forward during the difficult time.

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



  • 461.4 KCustomers

  • $67.8 BDeposits

  • 32Banks Operating Branches

  • 210Branches & Offices

  • 161Branches Offering Low Fee Bank On-certified Accounts

Local Banking Supporting Local Business

At the onset of the COVID-19 pandemic, National Capital Bank stepped up to support small businesses in need. When Lisa Williams, founder of a Cap8 Doors and Hardware in Washington, DC, reached out to the bank for help, the bank stepped up to secure PPP funding to support her business.

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

  • 31.2 KVolunteer Hours

  • $54.2 MCommunity Donations

Teamwork at Its Best

In 2018, American professional soccer club D.C. United and EagleBank established a rewarding partnership with shared goals. The two organizations worked together to support multicultural and youth outreach programs in the Washington, D.C., area.

Source: Estimates based on ABA 2020/2021 survey data

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