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Oklahoma: Banks’ Economic Impact

Banks support Oklahoma’s economy with consumer, business and other loans, and by providing more than 23,000 people with a rewarding place to work.

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Jobs

Jobs

  • 23,180Employees

  • $2.3 BTotal Annual Compensation & Benefits

  • $99,799Average Total Compensation & Benefits

  • 188Banks Headquartered in State

Future Banking Leaders

Interns at First United Bank in Oklahoma City, OK, are inspired to lead, learn and pursue careers in banking. Students hear from the bank’s executive team during weekly lunches, and mentorship is incorporated throughout the program.

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $11.9 BNew Home Loans Booked in 2020

  • 58,696Number of New Home Loans in 2020

  • $165,000Median New Home Loan Size in 2020

  • $5.4 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 63,649PPP Loans

  • $20,800Median PPP Loan

  • 643.1 KJobs Supported by PPP

Stepping Up for Small Businesses

Chickasaw Community Bank in Oklahoma City created a series of videos highlighting some of the local businesses that received PPP loans during the COVID-19 pandemic. Hear Chickasaw CEO T.W. Shannon introduce the videos and talk about the bank’s commitment to supporting local businesses during this time of need.

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 3.5 MCustomers

  • $114 BDeposits

  • 214Banks Operating Branches

  • 1,329Branches & Offices

  • 274Branches Offering Low Fee Bank On-certified Accounts

Source: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

Giving Back

Giving Back

  • 126.4 KVolunteer Hours

  • $52.3 MCommunity Donations

Convening the Community

Oklahoma’s Citizens Bank of Edmond brings local residents together for food and fun during “Heard on Hurd”—a celebration of local small businesses, musicians and more to help build community and unity in downtown Edmond.

Source: Estimates based on ABA 2020/2021 survey data

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