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Mississippi: Banks’ Economic Impact

Banks support Mississippi's economy with consumer, business and other loans, and by providing more than 14,000 people with a rewarding place to work.

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Jobs

Jobs

  • 14,559Employees

  • $990.0 MTotal Annual Compensation & Benefits

  • $68,004Average Total Compensation & Benefits

  • 69 Banks Headquartered in State

Heather Amaden on her boat

Going the Extra Mile

Heather Amaden on her boat

Bank of Anguilla employee Heather Amaden arrives to the bank’s Cary location by boat after Mississippi suffered damaging floods. Amaden commuted by boat five days a week while the community recovered—a testament to hers and so many other bank employees' commitment to serving their customers.

More stories on Jobs #

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

Lending

Lending

  • $8.4 BNew Home Loans Booked in 2021

  • 44,551Number of New Home Loans in 2021

  • $155,000Median New Home Loan Size in 2021

  • $2.2 BSmall Business Loans

  • 180.6 KNumber of Small Business Loans

  • $12,187Average Small Business Loan

  • $1.0 BSmall Farm Loans

  • 20,261Number of Small Farm Loans

  • $46,757Average Small Farm Loan

A banker collects a loan application in the bank’s parking lot

Assisting Mississippi Small Businesses

A banker collects a loan application in the bank’s parking lot

Bank of Anguilla staff go to great lengths to assist small businesses in Mississippi during the COVID-19 pandemic, including collecting loan applications in the bank’s parking lot to keep customers and employees safe. Seen here is head lender MacKenzie Parker closing a loan with a customer in the bank’s Anguilla location.

More stories on Lending #

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

Customers

Customers

  • 4.0 MCustomers

  • $71.4 BDeposits

  • 91Banks Operating Branches

  • 1,093Branches & Offices

  • 402Branches Offering Low Fee Bank On-certified Accounts

Making a Difference for Minority and Women-Owned Small Businesses

Hancock Whitney's Community Reinvestment Act division, Hancock Whitney Small Business Matters, serves as a comprehensive, company-wide entrepreneurship and small business outreach program to educate and create opportunities for pre-existing business owners and their teams, with an emphasis on minority and women-owned businesses.

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

Giving Back

Giving Back

  • 77.7 KVolunteer Hours

  • $29.0 MCommunity Donations

Mississippi Teen Takes Second Place in Video Contest

Omarion Tanner, a 14-year-old student at Kirksey Middle School in Jackson, Miss., earned second place in the American Bankers Association Foundation’s Lights, Camera, Save! teen video contest. 

Source: Estimates based on ABA 2020/2021 survey data

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