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Illinois: Banks’ Economic Impact

Banks support Illinois's economy with consumer, business and other loans, and by providing more than 98,000 people with a rewarding place to work.

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Jobs

Jobs

  • 98,513Employees

  • $14.3 BillionTotal Annual Compensation & Benefits

  • $144,875Average Total Compensation & Benefits

  • 336Banks 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 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $28.9 BillionNew Home Loans Booked in 2024

  • 94,118Number of New Home Loans in 2024

  • $265,000Median New Home Loan Size in 2024

  • $27.4 BillionSmall Business Loans

  • 913.9 ThousandNumber of Small Business Loans

  • $30,017Average Small Business Loan

  • $2.8 BillionSmall Farm Loans

  • 40,912Number of Small Farm Loans

  • $69,657Average Small Farm Loan

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

Customers

Customers

  • $687 BillionDeposits

  • 393Banks Operating Branches

  • 3,660Branches & Offices

  • 1,732Branches 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 2024Q2, CFE Fund, ABA analysis

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