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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.

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Jobs

Jobs

  • 57,588Employees

  • $6.8 BTotal Annual Compensation & Benefits

  • $118,164Average Total Compensation & Benefits

  • 147Banks Headquartered in State

Bank teller wearing gloves standing at a drive-thru window

Safely Serving Local Customers

Bank teller wearing gloves standing at a drive-thru window

Bankers from Georgia’s First National Bank serve customers during the COVID-19 pandemic with health and safety top of mind. Many employees are assisting customers remotely, while the frontline staff continues to safely operate branches. To help support the local economy, bankers hand out gift cards to nearby restaurants to drive-thru customers on Fridays.

More stories on Jobs #

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

Helping a Nonprofit Get Back to Work

United Bank was proud to be able to provide PPP loans to its small business customers during the onset of COVID-19. One of the bank’s customers, Washington Street Community Center, a nonprofit serving children with after school tutoring and healthy meals, particularly benefited from United Bank’s help.

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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