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Georgia: Banks’ Economic Impact

Banks support Georgia's economy with consumer, business and other loans, and by providing more than 56,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 56,942Employees

  • $7 BTotal Annual Compensation & Benefits

  • $123,078Average Total Compensation & Benefits

  • 140Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $35.2 BNew Home Loans Booked in 2023

  • 99,790Number of New Home Loans in 2023

  • $315,000Median New Home Loan Size in 2023

  • $21.9 BSmall Business Loans

  • 975.1 KNumber of Small Business Loans

  • $22,505Average Small Business Loan

  • $2.6 BSmall Farm Loans

  • 37,792Number of Small Farm Loans

  • $68,378Average Small Farm Loan

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

Customers

Customers

  • $342 BDeposits

  • 197Banks Operating Branches

  • 2,051Branches & Offices

  • 1,305Branches Offering Low Fee Bank On-certified Accounts

Sidewalk chalk marking 6 feet distances

Keeping Customers Safe

Sidewalk chalk marking 6 feet distances

Region’s Bank in Columbus, Georgia, took a colorful approach towards encouraging social distancing during the COVID-19 pandemic. While the bank was operating drive-thru and appointment-only, it knew there would be a lot of walk-up traffic, so they created colorful chalk drawings with messages for customers reminding them to stay six feet apart.

More stories on Serving Customers #

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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