24,956Employees
$2.1 BTotal Annual Compensation & Benefits
$85,769Average Total Compensation & Benefits
133Banks Headquartered in State
At Kentucky’s Independence Bank, economic inclusion is a daily practice. In 2019, the U.S. Census reported that over 13% of the Graves County population identified as Hispanic, meaning that many community members would need access to a bilingual banking experience. Jorge Bartolo, a Customer Service Representative at Independence Bank, assists customers in ensuring all of their banking needs are met. As a Hispanic and bilingual community member, his role also extends to providing Spanish speakers with the highest level of customer service.
Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data
$15.1 BNew Home Loans Booked in 2020
78,951Number of New Home Loans in 2020
$155,000Median New Home Loan Size in 2020
$5.2 Bin Paycheck Protection Program (PPP) Loans Facilitated
48,527PPP Loans
$26,449Median PPP Loan
649.3 KJobs Supported by PPP
Paducah Bank in Kentucky created an awareness campaign highlighting small businesses that received PPP loans during COVID-19. The bank shared stories on social media and on their website. On customer commented, “Our small businesses are the backbone of our community, and many would not make it without this help. BRAVO!”
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Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans
5.8 MCustomers
$99 BDeposits
164Banks Operating Branches
1,575Branches & Offices
492Branches Offering Low Fee Bank On-certified Accounts
In partnership with Mastercard, Republic Bank is the first community bank to launch a feature that will ensure an authentic banking experience for transgender and non-binary customers by allowing them to use their chosen names on their debit cards.
Source: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence
136 KVolunteer Hours
$33.2 MCommunity Donations
Citizens Union Bank in Kentucky has earned kudos for its Big Picture Learning Academy, where employees develop teamwork skills while volunteering. Some have served as financial mentors in schools.
Source: Estimates based on ABA 2020/2021 survey data
