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Texas: Banks’ Economic Impact

Banks support Texas's economy with consumer, business and other loans, and by providing more than 218,000 people with a rewarding place to work.

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  • 218,243Employees

  • $23.7 BTotal Annual Compensation & Benefits

  • $108,760Average Total Compensation & Benefits

  • 403 Banks Headquartered in State

Austin Bank's HR department

Safety and Community in the Workplace

Austin Bank's HR department

The HR department of Texas’s Austin Bank stepped up to support employees during the COVID-19 pandemic with information, encouragement and resources to help them safely serve customers during the crisis. While the bank’s frontline staff interface with drive-thru customers and support small businesses with PPP loans, the HR team kept morale and safety top of mind by distributing coronavirus tips, setting up processes to take care of employees under the Families First Coronavirus Response Act (FFCRA) and more.

More stories on Jobs #

Source: FDIC branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis



  • $85.5 BNew Home Loans Booked in 2021

  • 240,478Number of New Home Loans in 2021

  • $235,000Median New Home Loan Size in 2021

  • $32.4 BSmall Business Loans

  • 1.9 MNumber of Small Business Loans

  • $17,441Average Small Business Loan

  • $9.1 BSmall Farm Loans

  • 155,309Number of Small Farm Loans

  • $52,618Average Small Farm Loan

Source: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis



  • 24.7 MCustomers

  • $1.6 TDeposits

  • 487Banks Operating Branches

  • 6,334Branches & Offices

  • 2,627Branches Offering Low Fee Bank On-certified Accounts

Strong Communication in a Texas Winter Storm

During the worst winter storm in Texas history, First Financial Bank worked hard to provide their customers with peace of mind, and access to banking resources. While bank employees and customers alike were stranded in their homes without power, the bank created a communication campaign with the motto, “when it matters most, we are here to put you first”, and committed to share up-to-date and accurate information with customers across various channels.

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

Giving Back

Giving Back

  • 1.4 MVolunteer Hours

  • $217.1 MCommunity Donations

Allegiance Bank check recipients

This Volunteer Never Stops

Allegiance Bank check recipients

Marcus Vasquez of Allegiance Bank in Texas played a vital role in leading bank recovery efforts in the aftermath of Hurricane Harvey. Under his leadership, 41 grants were provided to businesses, homeowners and non-profit organizations totaling $367,000 through a funding program with the Federal Home Loan Bank of Dallas.

More stories on Giving Back #

Source: Estimates based on ABA 2020/2021 survey data

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