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Pennsylvania: Banks’ Economic Impact

Banks support Pennsylvania's economy with consumer, business and other loans, and by providing more than 76,000 people with a rewarding place to work.

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Serving Customers

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Jobs

Jobs

  • 76,484Employees

  • $9.1 BillionTotal Annual Compensation & Benefits

  • $119,550Average Total Compensation & Benefits

  • 114Banks Headquartered in State

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

Lending

Lending

  • $26.5 BillionNew Home Loans Booked in 2024

  • 88,169Number of New Home Loans in 2024

  • $265,000Median New Home Loan Size in 2024

  • $21.8 BillionSmall Business Loans

  • 784.1 ThousandNumber of Small Business Loans

  • $27,794Average Small Business Loan

  • $2 BillionSmall Farm Loans

  • 30,963Number of Small Farm Loans

  • $65,363Average Small Farm Loan

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

Customers

Customers

  • $561 BillionDeposits

  • 156Banks Operating Branches

  • 3,380Branches & Offices

  • 2,286Branches Offering Low Fee Bank On-certified Accounts

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

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