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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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  • 51,619Employees

  • $4.8 BTotal Annual Compensation & Benefits

  • $93,048Average Total Compensation & Benefits

  • 213Banks Headquartered in State

“We Exist to Help Each Other”

Mary O’Connor earned the 2021 George Bailey Distinguished Service Award, honoring a non-CEO bank employee who demonstrates outstanding initiative, commitment to their customers and community, and the ability to inspire others. Mary strives to live by the mantra, “to whom much is given, much is expected”.

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



  • $16.5 BNew Home Loans Booked in 2022

  • 65,245Number of New Home Loans in 2022

  • $225,000Median New Home Loan Size in 2022

  • $12.3 BSmall Business Loans

  • 406.5 KNumber of Small Business Loans

  • $30,318Average Small Business Loan

  • $913.4 MSmall Farm Loans

  • 11,951Number of Small Farm Loans

  • $76,432Average Small Farm Loan

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



  • $244 BDeposits

  • 275Banks Operating Branches

  • 2,137Branches & Offices

  • 653Branches 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 2022Q2, CFE Fund, ABA analysis

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