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Florida: Banks’ Economic Impact

Banks support Florida’s economy with consumer, business and other loans, and by providing more than 112,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 112,635Employees

  • $11.2 BTotal Annual Compensation & Benefits

  • $99,156Average Total Compensation & Benefits

  • 98Banks Headquartered in State

Source: FDIC Call Report year-end 2020, estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $76.6 BNew Home Loans Booked in 2020

  • 230,970Number of New Home Loans in 2020

  • $225,000Median New Home Loan Size in 2020

  • $29.7 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 352,443PPP Loans

  • $20,833Median PPP Loan

  • 3.8 MJobs Supported by PPP

Source: HMDA, SBA PPP Loans, ABA analysis

Customers

Customers

  • 21.4 MCustomers

  • $808.1 BDeposits

  • 190Banks Operating Branches

  • 4,544Branches & Offices

  • 3,154Branches Offering Low Fee Bank On-certified Accounts

Drive-thru lines at a bank

Safely Serving Customers

Drive-thru lines at a bank

During the coronavirus pandemic, Regions bank locations throughout Florida took steps to keep customers safe, like these signs and social distancing markers at the bank’s Miami Beach branch.

More stories on Serving Customers #

Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund

Giving Back

Giving Back

  • 680 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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