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Illinois: Banks’ Economic Impact

Banks support Illinois’s economy with consumer, business and other loans, and by providing more than 100,000 people with a rewarding place to work.

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Jobs

Jobs

  • 100,291Employees

  • $13.0 BTotal Annual Compensation & Benefits

  • $129,665Average Total Compensation & Benefits

  • 376Banks Headquartered in State

A Thriving Career in Lending

FNBO in Illinois hired Tyler Stevenson after a career as an Army ranger and a stint as a lawyer. The battle-tested skills he brings to his new career are appreciated by his broad range of clients.

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

Lending

Lending

  • $36.6 BNew Home Loans Booked in 2022

  • 125,726Number of New Home Loans in 2022

  • $245,000Median New Home Loan Size in 2022

  • $28.5 BSmall Business Loans

  • 1.0 MNumber of Small Business Loans

  • $28,021Average Small Business Loan

  • $2.8 BSmall Farm Loans

  • 39,877Number of Small Farm Loans

  • $69,409Average Small Farm Loan

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

Customers

Customers

  • $697.2 BDeposits

  • 436Banks Operating Branches

  • 3,788Branches & Offices

  • 1,640Branches Offering Low Fee Bank On-certified Accounts

Working to Ensure Sensitivity to Religious Preferences

Devon Bank in Chicago, IL, is committed to serving religious groups and communities with varying preferences concerning interest.

Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis

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