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Florida: Banks’ Economic Impact

Banks support Florida's economy with consumer, business and other loans, and by providing more than 130,000 people with a rewarding place to work.

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  • 130,260Employees

  • $14.2 BTotal Annual Compensation & Benefits

  • $109,232Average Total Compensation & Benefits

  • 99 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



  • $92.9 BNew Home Loans Booked in 2021

  • 237,223Number of New Home Loans in 2021

  • $235,000Median New Home Loan Size in 2021

  • $21.5 BSmall Business Loans

  • 1.9 MNumber of Small Business Loans

  • $11,577Average Small Business Loan

  • $1.9 BSmall Farm Loans

  • 28,799Number of Small Farm Loans

  • $56,721Average Small Farm Loan

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



  • 6.8 MCustomers

  • $808.1 BDeposits

  • 191Banks Operating Branches

  • 4,544Branches & Offices

  • 3,318Branches Offering Low Fee Bank On-certified Accounts

Wells Fargo Supports Miami’s Small Businesses

Wells Fargo donated $20 million to the Miami Foundation, an organization that assists Miami-area minority small business owners in buying assets to help stabilize their companies.

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

  • 680.0 KVolunteer Hours

  • $359.9 MCommunity Donations

Regions Bank Feeds Florida

Volunteerism is of the utmost importance to Regions Bank. Every year, bank associates volunteer thousands of hours to support organizations that address a variety of challenges facing the local community.

Source: Estimates based on ABA 2020/2021 survey data

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