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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 100,000 people with a rewarding place to work.

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  • 100,332Employees

  • $14.6 BTotal Annual Compensation & Benefits

  • $145,635Average Total Compensation & Benefits

  • 43Banks Headquartered in State

Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis



  • $42.3 BNew Home Loans Booked in 2022

  • 126,889Number of New Home Loans in 2022

  • $305,000Median New Home Loan Size in 2022

  • $20.1 BSmall Business Loans

  • 776.9 KNumber of Small Business Loans

  • $25,909Average Small Business Loan

  • $2.1 BSmall Farm Loans

  • 36,083Number of Small Farm Loans

  • $57,084Average Small Farm Loan

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



  • $545 BDeposits

  • 88Banks Operating Branches

  • 2,062Branches & Offices

  • 1,253Branches Offering Low Fee Bank On-certified Accounts

Strengthening Charlotte’s Small Businesses

Wells Fargo donated $20 million in grants to the Foundation For The Carolinas to help Charlotte-based small business owners take control of more of their business assets—including property, equipment and technology—which will reach 1,000 small businesses over the next three years.

Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis

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