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Illinois: Banks’ Economic Impact

Banks support Illinois's economy with consumer, business and other loans, and by providing more than 97,000 people with a rewarding place to work.

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Jobs

Jobs

  • 97,286Employees

  • $11.8 BTotal Annual Compensation & Benefits

  • $121,160Average Total Compensation & Benefits

  • 397 Banks 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 branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis

Lending

Lending

  • $55.1 BNew Home Loans Booked in 2021

  • 204,462Number of New Home Loans in 2021

  • $185,000Median New Home Loan Size in 2021

  • $17.8 BSmall Business Loans

  • 1.0 MNumber of Small Business Loans

  • $17,186Average Small Business Loan

  • $2.0 BSmall Farm Loans

  • 32,119Number of Small Farm Loans

  • $65,859Average Small Farm Loan

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."

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Source: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis

Customers

Customers

  • 9.4 MCustomers

  • $660.7 BDeposits

  • 452Banks Operating Branches

  • 3,912Branches & Offices

  • 1,567Branches 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.

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

Giving Back

Giving Back

  • 596.7 KVolunteer Hours

  • $161.9 MCommunity Donations

Busey Bank’s VIPs

In the month of April, Busey Bank offered Volunteer Impact Projects (VIP), a volunteer-in-a-box experience where teams signed up for a volunteer effort that directly served their local community. 

Source: Estimates based on ABA 2020/2021 survey data

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