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New York: Banks’ Economic Impact

Banks support New York's economy with consumer, business and other loans, and by providing more than 139,000 people with a rewarding place to work.

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Jobs

Jobs

  • 139,173Employees

  • $34.1 BillionTotal Annual Compensation & Benefits

  • $244,679Average Total Compensation & Benefits

  • 121Banks Headquartered in State

Giving Seniors a Friendly Phone Call

Mizuho Americas has always been invested in the well-being of the seniors in their community. In the Broadway theatre district of New York, Encore Community Services has catered to the needs of low-income seniors for 30 years.

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $38.7 BillionNew Home Loans Booked in 2024

  • 86,024Number of New Home Loans in 2024

  • $365,000Median New Home Loan Size in 2024

  • $40.1 BillionSmall Business Loans

  • 1.9 MillionNumber of Small Business Loans

  • $20,862Average Small Business Loan

  • $4.9 BillionSmall Farm Loans

  • 78,930Number of Small Farm Loans

  • $62,563Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $2.4 TrillionDeposits

  • 188Banks Operating Branches

  • 4,028Branches & Offices

  • 3,347Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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