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Missouri: Banks’ Economic Impact

Banks support Missouri's economy with consumer, business and other loans, and by providing more than 51,000 people with a rewarding place to work.

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Jobs

Jobs

  • 51,293Employees

  • $5 BTotal Annual Compensation & Benefits

  • $98,020Average Total Compensation & Benefits

  • 206Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $14.1 BNew Home Loans Booked in 2023

  • 54,132Number of New Home Loans in 2023

  • $225,000Median New Home Loan Size in 2023

  • $13.5 BSmall Business Loans

  • 399.8 KNumber of Small Business Loans

  • $33,818Average Small Business Loan

  • $926.3 MSmall Farm Loans

  • 11,965Number of Small Farm Loans

  • $77,413Average Small Farm Loan

Source: FFIEC HMDA 2023, FFIEC CRA 2023, FDIC Call Report 2023Q4, ABA analysis

Customers

Customers

  • $250 BDeposits

  • 266Banks Operating Branches

  • 2,148Branches & Offices

  • 685Branches Offering Low Fee Bank On-certified Accounts

Ensuring Access to Financial Resources

Midwest BankCentre, in St. Louis, MO, calls it “partnering differently” when working with city governments, nonprofit agencies and faith-based organizations to reach out to people where they are.

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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