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Florida: Banks’ Economic Impact

Banks support Florida’s economy with consumer, business and other loans, and by providing more than 134,000 people with a rewarding place to work.

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  • 134,207Employees

  • $15.6 BTotal Annual Compensation & Benefits

  • $116,512Average Total Compensation & Benefits

  • 91Banks Headquartered in State

Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis



  • $94.7 BNew Home Loans Booked in 2022

  • 255,630Number of New Home Loans in 2022

  • $335,000Median New Home Loan Size in 2022

  • $45.4 BSmall Business Loans

  • 2.5 MNumber of Small Business Loans

  • $18,091Average Small Business Loan

  • $7.6 BSmall Farm Loans

  • 113,749Number of Small Farm Loans

  • $66,524Average Small Farm Loan

Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis



  • $878 BDeposits

  • 186Banks Operating Branches

  • 4,340Branches & Offices

  • 3,249Branches 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 2022Q2, CFE Fund, ABA analysis

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