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Ohio: Banks’ Economic Impact

Banks support Ohio’s economy with consumer, business and other loans, and by providing more than 84,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 84,429Employees

  • $7.1 BTotal Annual Compensation & Benefits

  • $84,114Average Total Compensation & Benefits

  • 180Banks Headquartered in State

A Supportive Workplace

Portrait of Bob Darrow, an employee of KeyBank, NA

Bob Darrow, a data analyst at KeyBank in Brooklyn, Ohio, was hired with the help of The Precisionists—a venture aimed at recruiting people with disabilities and matching them with jobs at companies including Pfizer, UBS, Exelon Energy and Vanderbilt University. KeyBank’s partnership with The Precisionists allowed them to bring Darrow onto the team, as well as seven other new bank employees—all of whom have autism or another developmental disability.

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $10.1 BSmall Business Loans Outstanding

  • $27.4 BNew Home Loans Booked in 2018

  • 179,623Number of New Home Loans in 2018

  • $105,000Median New Home Loan Size in 2018

  • $2.9 BSmall Farm Loans Outstanding

Navy veteran

A Second Chance

Navy veteran

When Gary moved back to Ohio from Florida, he didn’t have anywhere to live—except his truck. An outreach team from the VA connected Gary to the HUD-VASH program, which provides rental assistance for homeless veterans. Gary soon secured an apartment where he began to rebuild his life. He went on to secure a VA home loan from Huntington Bank in Youngstown, OH, and his dream of owning a home became a reality.

More stories on Lending #

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

Customers

Customers

  • 13.2 MTotal Customers

  • $369.2 BDeposits

  • 11.4 MConsumer

  • 2.1 MSmall Business

  • 116.5 KSmall Farm

  • 217Banks Operating Branches

  • 3,528Branches & Offices

Putting Customers First

Farmscape

When it comes to serving customers, Jackie O’s pub and brewery in Athens, OH, shares the same values as the bank they depend on to do so, Hocking Valley in Athens. When the brewery began its expansion, owner Art Oestrike knew Hocking Valley would provide the service the business needed to realize its goals. “In our values and mission statement, we want to work locally,” says Oestrike. “If we have a sudden problem that needs dealt with, I have someone on site that I can talk to.”

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

Giving Back

Giving Back

  • 707.2 KVolunteer hours

  • $77.4 MCommunity Donations

Students at Union Savings Bank

Hands-on Banking Experience for College Students

Students at Union Savings Bank

Union Savings Bank in Cincinnati partnered with Central State University (CSU), an HBCU in Wilberforce, OH, to launch its Summer Banking Institute. The 12-week program combines classroom credit with hands-on experience, including paid internships preparing students for careers in financial services. Banking partners include First Financial, Federal Home Loan and LCNB, along with support from the Ohio Bankers League. After three years, the institute has graduated 60 students and will continue to grow.

More stories on Giving Back #

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

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