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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.

Find State-by-State Data #
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Jobs

Jobs

  • 76,389Employees

  • $6.5 BTotal Annual Compensation & Benefits

  • $85,392Average Total Compensation & Benefits

  • 141Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $10.7 BSmall Business Loans Outstanding

  • $26.9 BNew Home Loans Booked in 2018

  • 150,173Number of New Home Loans in 2018

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

  • $1.9 BSmall Farm Loans Outstanding

A banker works remotely to process PPP loans

Serving Customers from Anywhere

A banker works remotely to process PPP loans

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.

More stories on Lending #

Source: Estimates based on ABA 2019/2020 survey data, HMDA

Customers

Customers

  • 10.5 MTotal Customers

  • $415.9 BDeposits

  • 7.9 MConsumer

  • 2.5 MSmall Business

  • 87.7 KSmall Farm

  • 182Banks Operating Branches

  • 4,015Branches & Offices

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

Giving Back

Giving Back

  • 207 KVolunteer hours

  • $146.6 MCommunity Donations

Filling a Community Need a Second Time Around

FNCB Bank Drive-thru

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

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