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New Hampshire: Banks’ Economic Impact

Banks support New Hampshire’s economy with consumer, business and other loans, and by providing more than 5,000 people with a rewarding place to work.

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Jobs

Jobs

  • 5,874Employees

  • $593.8 MTotal Annual Compensation & Benefits

  • $101,079Average Total Compensation & Benefits

  • 19Banks Headquartered in State

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

Lending

Lending

  • $6.3 BNew Home Loans Booked in 2020

  • 21,850Number of New Home Loans in 2020

  • $235,000Median New Home Loan Size in 2020

  • $2.5 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 22,778PPP Loans

  • $31,105Median PPP Loan

  • 268.2 KJobs Supported by PPP

Sign for a drive-thru lane for PPP loans

Loans to Small Businesses During COVID-19

Sign for a drive-thru lane for PPP loans

During the COVID-19 pandemic, Franklin Savings Bank in New Hampshire designated its Tilton location for drive-up PPP loan closings—keeping bankers and customers at a safe distance and requiring only three bank staff to be present to complete the transactions.

More stories on Lending #

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

Customers

Customers

  • 1.4 MCustomers

  • $42 BDeposits

  • 42Banks Operating Branches

  • 399Branches & Offices

  • 114Branches Offering Low Fee Bank On-certified Accounts

In the Neighborhood

With 11 branches throughout New Hampshire, Passumpic Bank helps local businesses thrive. The bank’s Main Street presence allows bankers to get to know the business owners and their individual needs to provide personal service that fuels the local economy.

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

  • 52.2 KVolunteer Hours

  • $12.8 MCommunity Donations

Honoring Those Who Have Served

Franklin Savings Bank in Franklin, NH, proudly supports veterans and their families—from its PassKey checking account for servicemembers, to donating the bank’s time and resources to local organizations that support the military, and more.

Source: Estimates based on ABA 2020/2021 survey data

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