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South Carolina: Banks’ Economic Impact

Banks support South Carolina’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

  • 26,357Employees

  • $2.3 BTotal Annual Compensation & Benefits

  • $88,881Average Total Compensation & Benefits

  • 47Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $3.9 BSmall Business Loans Outstanding

  • $13.1 BNew Home Loans Booked in 2018

  • 57,831Number of New Home Loans in 2018

  • $165,000Median New Home Loan Size in 2018

  • $1 BSmall Farm Loans Outstanding

South Carolina Banks Step Up

A banker and customer practicing social distancing

South Atlantic Bank helped small business clients in South Carolina secure PPP loans while taking precautions to keep their customers and employees safe.

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

Customers

Customers

  • 3.9 MTotal Customers

  • $89.4 BDeposits

  • 3.6 MConsumer

  • 217.8 KSmall Business

  • 7.7 KSmall Farm

  • 76Banks Operating Branches

  • 1,193Branches & Offices

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

Giving Back

Giving Back

  • 165.7 KVolunteer hours

  • $49.3 MCommunity Donations

Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.

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