America's Banks
Jump to Content

Maryland: Banks’ Economic Impact

Banks support Maryland’s economy with consumer, business and other loans, and by providing more than 26,000 people with a rewarding place to work.

Find State-by-State Data #
Maryland map icon


  • 26,726Employees

  • $3.5 BTotal Annual Compensation & Benefits

  • $129,597Average Total Compensation & Benefits

  • 32Banks Headquartered in State

Recognized for Her Service to Minority and Women Entrepreneurs

Detra Miller’s decade-long career with M&T Bank has always been about helping others succeed. Now serving as the Administrative Vice President of Minority Business Banking at M&T, she leads the charge in creating a differentiated client experience for Baltimore’s minority and women entrepreneurs.

Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis



  • $28.8 BNew Home Loans Booked in 2022

  • 70,013Number of New Home Loans in 2022

  • $365,000Median New Home Loan Size in 2022

  • $11.5 BSmall Business Loans

  • 495.2 KNumber of Small Business Loans

  • $23,298Average Small Business Loan

  • $1.2 BSmall Farm Loans

  • 20,681Number of Small Farm Loans

  • $58,064Average Small Farm Loan

Lending a Hand to Small Businesses

Berlin, Maryland’s Taylor Bank helped its small business customer, Eastern Shore Rural Health, secure a Paycheck Protection Program loan for $3 million to help support the health center’s 300+ employees who work in nearby Virginia.

Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis



  • $209 BDeposits

  • 76Banks Operating Branches

  • 1,247Branches & Offices

  • 940Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis

Submit your bank's story

Submit your story