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Georgia: Banks’ Economic Impact

Banks support Georgia’s economy with consumer, business and other loans, and by providing more than 57,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 57,588Employees

  • $6.8 BTotal Annual Compensation & Benefits

  • $118,164Average Total Compensation & Benefits

  • 147Banks Headquartered in State

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

Lending

Lending

  • $42.9 BNew Home Loans Booked in 2022

  • 124,347Number of New Home Loans in 2022

  • $305,000Median New Home Loan Size in 2022

  • $19.2 BSmall Business Loans

  • 973.7 KNumber of Small Business Loans

  • $19,732Average Small Business Loan

  • $2.5 BSmall Farm Loans

  • 37,745Number of Small Farm Loans

  • $67,512Average Small Farm Loan

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

Customers

Customers

  • $352 BDeposits

  • 197Banks Operating Branches

  • 2,066Branches & Offices

  • 1,225Branches 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 2022Q2, CFE Fund, ABA analysis

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