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Florida: Banks’ Economic Impact

Banks support Florida's economy with consumer, business and other loans, and by providing more than 133,000 people with a rewarding place to work.

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Jobs

Jobs

  • 133,262Employees

  • $17.4 BillionTotal Annual Compensation & Benefits

  • $130,369Average Total Compensation & Benefits

  • 85Banks Headquartered in State

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $87.1 BillionNew Home Loans Booked in 2024

  • 220,450Number of New Home Loans in 2024

  • $345,000Median New Home Loan Size in 2024

  • $52.9 BillionSmall Business Loans

  • 2.7 MillionNumber of Small Business Loans

  • $19,848Average Small Business Loan

  • $7.8 BillionSmall Farm Loans

  • 116,702Number of Small Farm Loans

  • $66,761Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $831 BillionDeposits

  • 199Banks Operating Branches

  • 4,345Branches & Offices

  • 3,410Branches 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.

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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