26,761Employees
$2.0 BTotal Annual Compensation & Benefits
$76,031Average Total Compensation & Benefits
130 Banks 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 (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis
$14.9 BNew Home Loans Booked in 2021
75,343Number of New Home Loans in 2021
$155,000Median New Home Loan Size in 2021
$3.9 BSmall Business Loans
275.6 KNumber of Small Business Loans
$14,179Average Small Business Loan
$2.2 BSmall Farm Loans
45,739Number of Small Farm Loans
$59,547Average 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: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis
13.0 MCustomers
$110.9 BDeposits
161Banks Operating Branches
1,541Branches & Offices
442Branches 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.
Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund
136.0 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
