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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.

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  • 84,071Employees

  • $7.2 BTotal Annual Compensation & Benefits

  • $85,983Average Total Compensation & Benefits

  • 176Banks Headquartered in State

A Supportive Workplace

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.

Source: FDIC Call Report year-end 2020, estimates based on ABA 2020/2021 survey data



  • $46.2 BNew Home Loans Booked in 2020

  • 239,673Number of New Home Loans in 2020

  • $145,000Median New Home Loan Size in 2020

  • $17.8 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 135,016PPP Loans

  • $30,500Median PPP Loan

  • 2.1 MJobs Supported by PPP

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: HMDA, SBA PPP Loans, ABA analysis



  • 13 MCustomers

  • $478.9 BDeposits

  • 207Banks Operating Branches

  • 3,278Branches & Offices

  • 1,412Branches Offering Low Fee Bank On-certified Accounts

Hocking Valley Bank, Shop Athens County

Showing Support by Shopping Local

Hocking Valley Bank, Shop Athens County

Hocking Valley Bank is committed to its employees and the business community that it serves. The bank’s Board of Directors launched Shop Athens County—a true testament to their community loyalty. This program provided every Hocking Valley employee with $500—a total pledge of $30,000—and encouraged them all to shop locally. Not only was this a way to appreciate the efforts of each banker and their families, Shop Athens County was a firm commitment to helping community businesses thrive.

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Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund

Giving Back

Giving Back

  • 330 KVolunteer Hours

  • $74.6 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 2020/2021 survey data

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