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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 4,600 people with a rewarding place to work.

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Jobs

Jobs

  • 4,627Employees

  • $619.2 MTotal Annual Compensation & Benefits

  • $133,831Average Total Compensation & Benefits

  • 3Banks Headquartered in DC

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $1.1 BSmall Business Loans Outstanding

  • $4.1 BNew Home Loans Booked in 2018

  • 6,955Number of New Home Loans in 2018

  • $395,000Median New Home Loan Size in 2018

A Phone Call Away

A woman on a video conference call

M&T Bank stepped up to help customers in Maryland, Virginia and Washington, D.C. during the COVID-19 pandemic. DC Media Connections, 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: Estimates based on ABA 2019/2020 survey data, HMDA

Customers

Customers

  • 454.5 KTotal Customers

  • $53.3 BDeposits

  • 371.7 KConsumer

  • 108.4 KSmall Business

  • 30Banks Operating Branches

  • 211Branches & Offices

Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 144.8 KVolunteer hours

  • $143.1 MCommunity Donations

Teamwork at Its Best

A youth soccer team poses in front of an Eagle Bank sponsorship banner

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 2019/2020 survey data. Does not include individual employee donations.

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