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District of Columbia: Banks’ Economic Impact

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

Find State-by-State Data #


  • 5,723Employees

  • $1.2 BTotal Annual Compensation & Benefits

  • $209,850Average Total Compensation & Benefits

  • 4Banks Headquartered in State

Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis



  • $4.4 BNew Home Loans Booked in 2022

  • 6,848Number of New Home Loans in 2022

  • $565,000Median New Home Loan Size in 2022

  • $1.7 BSmall Business Loans

  • 60.2 KNumber of Small Business Loans

  • $27,439Average Small Business Loan

  • $123.8 MSmall Farm Loans

  • 2,276Number of Small Farm Loans

  • $54,373Average Small Farm 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: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis



  • $68.7 BDeposits

  • 32Banks Operating Branches

  • 192Branches & Offices

  • 157Branches 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.

Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis

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