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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 135,000 people with a rewarding place to work.

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  • 135,670Employees

  • $29.1 BTotal Annual Compensation & Benefits

  • $214,298Average Total Compensation & Benefits

  • 128Banks 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 2022Q4, Bureau of Labor Statistics 2022, ABA analysis



  • $52.6 BNew Home Loans Booked in 2022

  • 117,789Number of New Home Loans in 2022

  • $355,000Median New Home Loan Size in 2022

  • $45 BSmall Business Loans

  • 1.9 MNumber of Small Business Loans

  • $23,144Average Small Business Loan

  • $4.8 BSmall Farm Loans

  • 76,933Number of Small Farm Loans

  • $62,340Average Small Farm Loan

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



  • $2.6 TDeposits

  • 192Banks Operating Branches

  • 4,269Branches & Offices

  • 3,049Branches 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 2022Q2, CFE Fund, ABA analysis

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