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Missouri: Banks’ Economic Impact

Banks support Missouri’s economy with consumer, business and other loans, and by providing more than 48,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 48,979Employees

  • $3.8 BTotal Annual Compensation & Benefits

  • $77,955Average Total Compensation & Benefits

  • 248Banks Headquartered in State

St. Louis Banker Recognized with ABA Foundation’s Highest Honor

In light of his years of service to the St. Louis community, Alex D. Fennoy, EVP and Community & Economic Development Director at Midwest BankCentre, is the recipient of the 2020 George Bailey Distinguished Service Award. This award, presented by the ABA Foundation, honors bankers who demonstrate outstanding initiative, effectiveness and inspiration to others—ABA’s highest individual honor.

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $25.5 BNew Home Loans Booked in 2020

  • 117,226Number of New Home Loans in 2020

  • $175,000Median New Home Loan Size in 2020

  • $9 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 88,603PPP Loans

  • $22,357Median PPP Loan

  • 1 MJobs Supported by PPP

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 5.4 MCustomers

  • $204 BDeposits

  • 295Banks Operating Branches

  • 2,237Branches & Offices

  • 524Branches 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: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

Giving Back

Giving Back

  • 265.2 KVolunteer Hours

  • $177.3 MCommunity Donations

Segways for Veterans

Segways for a Great Cause

Segways for Veterans

Missouri Bankers Association members have raised more than $622,000 to support Segs4Vets, a nonprofit organization that awards Segways—some specially adapted—to severely disabled service members. Banks throughout Missouri hold fundraisers, like the Heroes Cup golf tournament, and partner with local businesses to support the worthy cause. The tournament has raised more than $32,500 for Segs4Vets.

More stories on Giving Back #

Source: Estimates based on ABA 2020/2021 survey data

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