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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 138,000 people with a rewarding place to work.

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Jobs

Jobs

  • 138,455Employees

  • $32.2 BTotal Annual Compensation & Benefits

  • $232,409Average Total Compensation & Benefits

  • 126Banks Headquartered in State

From Fashion to Finance

After seven years in investment banking, Ida Liu switched gears and brought her business skills to the fashion industry.

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $37.3 BNew Home Loans Booked in 2023

  • 87,169Number of New Home Loans in 2023

  • $345,000Median New Home Loan Size in 2023

  • $40 BSmall Business Loans

  • 1.9 MNumber of Small Business Loans

  • $20,868Average Small Business Loan

  • $4.9 BSmall Farm Loans

  • 77,028Number of Small Farm Loans

  • $63,140Average Small Farm Loan

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

Customers

Customers

  • $2.4 TDeposits

  • 195Banks Operating Branches

  • 4,103Branches & Offices

  • 3,388Branches Offering Low Fee Bank On-certified Accounts

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 Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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