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Nevada: Banks’ Economic Impact

Banks support Nevada’s economy with consumer, business and other loans, and by providing more than 10,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 10,549Employees

  • $1 BTotal Annual Compensation & Benefits

  • $96,525Average Total Compensation & Benefits

  • 17Banks Headquartered in State

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

Lending

Lending

  • $9.9 BNew Home Loans Booked in 2020

  • 29,129Number of New Home Loans in 2020

  • $255,000Median New Home Loan Size in 2020

  • $3.9 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 40,017PPP Loans

  • $22,162Median PPP Loan

  • 482.2 KJobs Supported by PPP

A woman wearing a mask and apron operates an espresso machine

Saving Jobs in Nevada

A woman wearing a mask and apron operates an espresso machine

Paycheck Protection Program loans delivered much-needed financial relief to businesses in Nevada during the COVID-19 pandemic. Ninety-four percent of the 525,000+ jobs saved were a result of PPP government loans facilitated by America’s banks.

More stories on Lending #

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

Customers

Customers

  • 2.2 MCustomers

  • $112 BDeposits

  • 49Banks Operating Branches

  • 478Branches & Offices

  • 558Branches Offering Low Fee Bank On-certified Accounts

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

  • 60.6 KVolunteer Hours

  • $28.6 MCommunity Donations

Cultivating Financial Sustainability

Las Vegas’ Bank of Nevada joined with Green Our Planet to include financial education at a select number of the nonprofit’s 150 school gardens throughout Southern Nevada. Students learn to create a business out of each garden.

Source: Estimates based on ABA 2020/2021 survey data

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