28,001Employees
$2.2 BTotal Annual Compensation & Benefits
$79,930Average Total Compensation & Benefits
124Banks 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 Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis
$10.2 BNew Home Loans Booked in 2022
41,590Number of New Home Loans in 2022
$215,000Median New Home Loan Size in 2022
$6.5 BSmall Business Loans
230.1 KNumber of Small Business Loans
$28,101Average Small Business Loan
$458 MSmall Farm Loans
6,999Number of Small Farm Loans
$65,442Average Small Farm Loan
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: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis
$119 BDeposits
158Banks Operating Branches
1,503Branches & Offices
479Branches 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: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis
