39,434Employees
$3.4 BTotal Annual Compensation & Benefits
$86,505Average Total Compensation & Benefits
273Banks 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: Estimates based on ABA 2019/2020 survey data
$3.6 BSmall Business Loans Outstanding
$5.7 BNew Home Loans Booked in 2018
37,091Number of New Home Loans in 2018
$105,000Median New Home Loan Size in 2018
$2.4 BSmall Farm Loans Outstanding
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 2019/2020 survey data, HMDA
4.4 MTotal Customers
$90 BDeposits
4.1 MConsumer
750.2 KSmall Business
188.9 KSmall Farm
311Banks Operating Branches
1,509Branches & Offices
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.
More stories on Serving Customers
Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data
228.9 KVolunteer hours
$34.6 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 2019/2020 survey data. Does not include individual employee donations.
