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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 101,000 people with a rewarding place to work.

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Jobs

Jobs

  • 101,224Employees

  • $15.9 BTotal Annual Compensation & Benefits

  • $156,781Average Total Compensation & Benefits

  • 39Banks Headquartered in State

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

Lending

Lending

  • $36.3 BNew Home Loans Booked in 2023

  • 105,516Number of New Home Loans in 2023

  • $305,000Median New Home Loan Size in 2023

  • $21.2 BSmall Business Loans

  • 772.2 KNumber of Small Business Loans

  • $27,492Average Small Business Loan

  • $2.1 BSmall Farm Loans

  • 36,128Number of Small Farm Loans

  • $57,816Average Small Farm Loan

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

Customers

Customers

  • $606 BDeposits

  • 90Banks Operating Branches

  • 2,022Branches & Offices

  • 1,529Branches 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 2023Q4, CFE Fund, ABA analysis

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