39,512Employees
$4 BTotal Annual Compensation & Benefits
$100,585Average Total Compensation & Benefits
265Banks Headquartered in State
Lincoln Savings Bank in Grinnell, Iowa has a leader who is committed to veterans. Mike Olson, the bank’s vice president, a retired lieutenant colonel in the Iowa Army National Guard, helps veterans build small businesses.
Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data
$11.8 BNew Home Loans Booked in 2020
58,880Number of New Home Loans in 2020
$155,000Median New Home Loan Size in 2020
$5 Bin Paycheck Protection Program (PPP) Loans Facilitated
57,068PPP Loans
$20,021Median PPP Loan
571.3 KJobs Supported by PPP
As soon as first and second rounds of PPP funding were approved, People’s Bank loan officers immediately reached out to their customers to guide them through the process. In total, People’s Bank helped 165 businesses secure $20 million to offset losses due to the effects of the COVID-19 pandemic. The average loan size was $115,137—spread across the small business, commercial, healthcare and agricultural sectors. “The program was a true blessing and lifeline for our small businesses and communities,” said People’s Bank President Kevin Halterman.
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Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans
4.4 MCustomers
$101 BDeposits
297Banks Operating Branches
1,494Branches & Offices
175Branches Offering Low Fee Bank On-certified Accounts
Washington State Bank in Iowa hosted a virtual Cash Mob event to help support local businesses during the COVID-19 pandemic. The bank selected an area restaurant to “mob” by posting the announcement to social media, and members of the community were encouraged to call for carryout that evening. The first 15 customers at each restaurant were given “cash mob bucks” to put towards their order.
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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
238.7 KVolunteer Hours
$50.4 MCommunity Donations
Wells Fargo, in West Des Moines, Iowa, has made a major commitment to assisting that community with home buying.
Source: Estimates based on ABA 2020/2021 survey data
