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Ohio: Banks’ Economic Impact

Banks support Ohio's economy with consumer, business and other loans, and by providing more than 77,000 people with a rewarding place to work.

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Jobs

Jobs

  • 77,070Employees

  • $8.2 BillionTotal Annual Compensation & Benefits

  • $106,384Average Total Compensation & Benefits

  • 162Banks Headquartered in State

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $25.6 BillionNew Home Loans Booked in 2024

  • 97,356Number of New Home Loans in 2024

  • $225,000Median New Home Loan Size in 2024

  • $18.4 BillionSmall Business Loans

  • 649.8 ThousandNumber of Small Business Loans

  • $28,318Average Small Business Loan

  • $1.4 BillionSmall Farm Loans

  • 21,307Number of Small Farm Loans

  • $67,588Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $537 BillionDeposits

  • 194Banks Operating Branches

  • 3,069Branches & Offices

  • 1,539Branches Offering Low Fee Bank On-certified Accounts

Igniting Local Education

The Huntington National Bank has partnered with the Ron Clark Academy since 2022, supporting educators and enhancing student learning in their communities. Their initiative, Ignite the Classroom, provides a unique and exciting professional development opportunity for more than 2,000 local principals, teachers, coaches, counselors and more.

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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