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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.

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Jobs

Jobs

  • 112,635Employees

  • $11.2 BTotal Annual Compensation & Benefits

  • $99,156Average Total Compensation & Benefits

  • 116Banks Headquartered in State

Source: FDIC branch deposit data (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

A woman wearing a mask and apron operates an espresso machine

Saving Jobs in Florida

A woman wearing a mask and apron operates an espresso machine

Paycheck Protection Program loans delivered much-needed financial relief to businesses in Florida during the COVID-19 pandemic. Ninety-two percent of the 3.2M jobs saved were a result of PPP government loans facilitated by America’s banks.

More stories on Lending #

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 21.4 MCustomers

  • $708 BDeposits

  • 196Banks Operating Branches

  • 4,775Branches & Offices

  • 3,411Branches 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 branch deposit data, CFE Fund and S&P Global Market Intelligence

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. One example of this dedication to giving back is Regions Bank’s ongoing relationship with Feed the Need Florida—an effort by entrepreneur John Rivers to provide food to families and children during the COVID-19 pandemic.

Source: Estimates based on ABA 2020/2021 survey data

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