37,679Employees
$3.7 BTotal Annual Compensation & Benefits
$99,124Average Total Compensation & Benefits
86Banks Headquartered in State
Grand River Bank employees Kimberly VandenBerg and Carley Jean continued to work during the COVID-19 pandemic—ensuring customers in Michigan could safely and soundly conduct in-person business.
More stories on JobsSource: FDIC Call Report year-end 2020, estimates based on ABA 2020/2021 survey data
$30.8 BNew Home Loans Booked in 2020
140,593Number of New Home Loans in 2020
$165,000Median New Home Loan Size in 2020
$15 Bin Paycheck Protection Program (PPP) Loans Facilitated
108,584PPP Loans
$35,200Median PPP Loan
1.8 MJobs Supported by PPP
Level One Bank, a local community bank in Mich., helped over 2,000 small businesses gain access to more than $400 million in PPP loans—ultimately supporting the jobs of over 30,000 employees in Mich. In the second round of PPP loans, Level One Bank assisted small businesses by opening up their applicant pool to non-clients as well as their own customers.
More stories on LendingSource: HMDA, SBA PPP Loans, ABA analysis
9.4 MCustomers
$312.2 BDeposits
109Banks Operating Branches
2,239Branches & Offices
814Branches Offering Low Fee Bank On-certified Accounts
Dart Bank in Michigan has made a strong commitment to educate seniors about financial fraud, focusing on helping protect personal digital information and other common targets.
Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund
246.6 KVolunteer Hours
$83.6 MCommunity Donations
ChoiceOne Bank in Michigan received the 2019 Financial Literacy award from the Michigan Bankers Association for its commitment to its KickStart to Career education program. The goal “is to interrupt generational poverty, to bank the unbanked and allow a platform for children to begin dreaming of a brighter future,” said Patricia Brown, ChoiceOne Bank’s vice president. The bank created a curriculum that is tailored and relevant to each grade, and encourages parental participation.
More stories on Giving BackSource: Estimates based on ABA 2020/2021 survey data