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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

  • 57,100Employees

  • $7.1 BillionTotal Annual Compensation & Benefits

  • $125,023Average Total Compensation & Benefits

  • 137Banks Headquartered in State

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $36.5 BillionNew Home Loans Booked in 2024

  • 98,783Number of New Home Loans in 2024

  • $325,000Median New Home Loan Size in 2024

  • $22 BillionSmall Business Loans

  • 976.9 ThousandNumber of Small Business Loans

  • $22,500Average Small Business Loan

  • $2.6 BillionSmall Farm Loans

  • 38,725Number of Small Farm Loans

  • $67,753Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $342 BillionDeposits

  • 193Banks Operating Branches

  • 2,065Branches & Offices

  • 1,348Branches 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 2024Q2, CFE Fund, ABA analysis

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