73,328Employees
$7.1 BTotal Annual Compensation & Benefits
$96,975Average Total Compensation & Benefits
137Banks Headquartered in State
Source: FDIC Call Report year-end 2020, estimates based on ABA 2020/2021 survey data
$41.6 BNew Home Loans Booked in 2020
184,337Number of New Home Loans in 2020
$165,000Median New Home Loan Size in 2020
$20.1 Bin Paycheck Protection Program (PPP) Loans Facilitated
158,852PPP Loans
$29,769Median PPP Loan
2.1 MJobs Supported by PPP
Ephrata National Bank’s Christopher Aukamp works from his “basement bunker” to keep PPP loan applications rolling during the COVID-19 pandemic. The Pennsylvania bank’s entire lending team quickly stepped up to put a process in place as proactively as possible in order to support local small businesses in need—using existing internal practices and “banker instinct” to close these much-needed loans.
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Source: HMDA, SBA PPP Loans, ABA analysis
10.5 MCustomers
$563.6 BDeposits
176Banks Operating Branches
3,732Branches & Offices
1,717Branches Offering Low Fee Bank On-certified Accounts
Valley National Bank has six Associate Resource Groups (ARG), including the Hispanic Organization for Leadership and Advancement (HOLA). Members of HOLA, pictured above, donated time and effort to harvest 16,000 pounds of corn for community members struggling with food insecurity.
Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund
220 KVolunteer Hours
$174.4 MCommunity Donations
Pennsylvania’s FNCB held a ‘She Shed’ giveaway to find their temporary drive-thru building a new home. Local nonprofit Country Heart Farm now uses the building to hold therapy and after-school programs for the community.
Source: Estimates based on ABA 2020/2021 survey data
