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North Carolina: Banks’ Economic Impact

Banks support North Carolina’s economy with consumer, business and other loans, and by providing more than 81,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 90,932Employees

  • $11.1 BTotal Annual Compensation & Benefits

  • $121,788Average Total Compensation & Benefits

  • 46Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $11 BSmall Business Loans Outstanding

  • $24.3 BNew Home Loans Booked in 2018

  • 104,787Number of New Home Loans in 2018

  • $155,000Median New Home Loan Size in 2018

  • $1.8 BSmall Farm Loans Outstanding

Bankers standing around a generator

No Challenge Too Great

Bankers standing around a generator

At Fidelity Bank in Garner, North Carolina, nothing could stop the dedicated staff from processing PPP loans to help small business customers during the COVID-19 pandemic—not even an unexpected power outage. So when that happened, what did the team do? They fired up the generator and got back to work.

More stories on Lending #

Source: Estimates based on ABA 2019/2020 survey data, HMDA

Customers

Customers

  • 6.8 MTotal Customers

  • $364.9 BDeposits

  • 5.8 MConsumer

  • 946.4 KSmall Business

  • 8.8 KSmall Farm

  • 84Banks Operating Branches

  • 2,249Branches & Offices

Drive-thru customers hold up a gift card

An Uplifting Surprise

Drive-thru customers hold up a gift card

Piedmont Federal Savings Bank purchased gift cards from local businesses in the North Carolina communities it serves to hand out to drive-thru customers during the COVID-19 pandemic.

More stories on Serving Customers #

Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 626.7 KVolunteer hours

  • $330.4 MCommunity Donations

Working together

Nourishment to Boost Classroom Success

Working together

Live Oak Bank in North Carolina has donated $87,648 to NourishNC since 2016. The organization’s mission is to “provide healthy food to hungry kids, empowering them to succeed in the classroom and in their community.” In 2018, the bank donated enough food for 500+ team members to pack 100,000+ meals in an hour at an “all hands on deck” meeting, part of a commitment totaling more than 1,000 volunteer hours spent sorting and packing food that included multiple donation drives on the bank’s campus.

More stories on Giving Back #

Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.

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