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Indiana: Banks’ Economic Impact

Banks support Indiana’s economy with consumer, business and other loans, and by providing more than 30,000 people with a rewarding place to work.

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Jobs

Jobs

  • 30,391Employees

  • $3 BTotal Annual Compensation & Benefits

  • $97,364Average Total Compensation & Benefits

  • 103Banks Headquartered in State

Bankers Thank Healthcare Heroes

While lobbies are closed, Indiana’s First Bank Richmond keeps the banker spirit alive with activities, including a social media campaign to show support for the frontline heroes of the COVID-19 pandemic.

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $23.3 BNew Home Loans Booked in 2020

  • 122,660Number of New Home Loans in 2020

  • $145,000Median New Home Loan Size in 2020

  • $9.2 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 74,138PPP Loans

  • $28,493Median PPP Loan

  • 1.1 MJobs Supported by PPP

A bank employee brings loan paperwork to a customer in his car

Safely Serving Indiana Customers

A bank employee brings loan paperwork to a customer in his car

A mortgage loan officer from Indiana’s Centier Bank delivers closing paperwork to a customer’s car for signature during the COVID-19 pandemic.

More stories on Lending #

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 6.5 MCustomers

  • $163 BDeposits

  • 139Banks Operating Branches

  • 1,918Branches & Offices

  • 899Branches Offering Low Fee Bank On-certified Accounts

Screengrab FirstSavings Bank website with Banks Never Ask That messaging

First Savings Bank Educates on Phishing Scams

Screengrab FirstSavings Bank website with Banks Never Ask That messaging

First Savings Bank in Indiana, committed to protecting its customers from fraud, prioritized educating consumers on how to fight fraud. Throughout the month of October, they participated in ABA’s #BanksNeverAskThat anti-phishing campaign to do just that. They used space on their website homepage to direct customers to BanksNeverAskThat.com to continue the conversation, and taught any and all visitors to their site how to identify and avoid phishing scams.

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Source: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

Giving Back

Giving Back

  • 105.7 KVolunteer Hours

  • $61.8 MCommunity Donations

Regions Small Business Support - Engaging with Aspiring Entrepreneurs

Engaging with Aspiring Entrepreneurs

Regions Small Business Support - Engaging with Aspiring Entrepreneurs

Regions Bank collaborated with Immanuel Ivey at the Edna Martin Christian Center in Indianapolis to equip current and aspiring local entrepreneurs with the tools to succeed. Through a micro-enterprise training program and pitch contest, Ivey assists entrepreneurs at a variety of stages as they work toward achieving their dream of becoming successful small business owners.

Through this program, local entrepreneurs learn from Ivey, established small-business owners and from one another. At the end of each course rotation, participants pitch their creative ideas to Ivey and Regions Bank for the chance to win $500 to support their business. 

More stories on Giving Back #

Source: Estimates based on ABA 2020/2021 survey data

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