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Illinois: Banks’ Economic Impact

Banks support Illinois’s economy with consumer, business and other loans, and by providing more than 121,000 people with a rewarding place to work.

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Jobs

Jobs

  • 121,347Employees

  • $14 BTotal Annual Compensation & Benefits

  • $115,744Average Total Compensation & Benefits

  • 402Banks 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 year-end 2020, estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $55.9 BNew Home Loans Booked in 2020

  • 220,789Number of New Home Loans in 2020

  • $185,000Median New Home Loan Size in 2020

  • $22.1 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 201,686PPP Loans

  • $21,171Median PPP Loan

  • 2.5 MJobs Supported by PPP

Bankers work in a conference room

Lending Support During Crisis

Bankers work in a conference room

Employees at Signature Bank in Chicago were proud to help many of their small business customers secure lending PPP loans during the COVID-19 pandemic. As one grateful business owner said in a note to the bank, "We have a long road ahead of us, but I wouldn't want to do it with anyone but Signature in my corner."

More stories on Lending #

Source: HMDA, SBA PPP Loans, ABA analysis

Customers

Customers

  • 13.9 MCustomers

  • $660.7 BDeposits

  • 452Banks Operating Branches

  • 3,912Branches & Offices

  • 1,473Branches 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: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund

Giving Back

Giving Back

  • 596.7 KVolunteer Hours

  • $161.9 MCommunity Donations

Driving Out Hunger Through a Mobile Food Pantry Partnership

As COVID-19 hit Illinois in early 2020, Marquette Bank was able to organize relief efforts for its surrounding communities. Through the efforts of the Marquette Neighborhood Commitment, and employee-driven initiative since 2008, the bank has been strengthening local communities in the form of shelter, education, hunger, health and wellness.

Source: Estimates based on ABA 2020/2021 survey data

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