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Oklahoma: Banks’ Economic Impact

Banks support Oklahoma’s economy with consumer, business and other loans, and by providing more than 26,000 people with a rewarding place to work.

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Jobs

Jobs

  • 26,969Employees

  • $2.2 BTotal Annual Compensation & Benefits

  • $83,060Average Total Compensation & Benefits

  • 198Banks Headquartered in State

Future Banking Leaders

Intern at First United Bank

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: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $3.5 BSmall Business Loans Outstanding

  • $6.8 BNew Home Loans Booked in 2018

  • 41,637Number of New Home Loans in 2018

  • $115,000Median New Home Loan Size in 2018

  • $3.2 BSmall Farm Loans Outstanding

Stepping Up for Small Businesses

Chickasaw Community Bank CEO T.W. Shannon

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 2019/2020 survey data, HMDA

Customers

Customers

  • 3.5 MTotal Customers

  • $92.5 BDeposits

  • 3 MConsumer

  • 514 KSmall Business

  • 133.3 KSmall Farm

  • 223Banks Operating Branches

  • 1,338Branches & Offices

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

Giving Back

Giving Back

  • 168.6 KVolunteer hours

  • $48.3 MCommunity Donations

Convening the Community

Singer with guitar

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 2019/2020 survey data. Does not include individual employee donations.

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