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Texas: Banks’ Economic Impact

Banks support Texas’s economy with consumer, business and other loans, and by providing more than 198,000 people with a rewarding place to work.

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  • 198,131Employees

  • $17.7 BTotal Annual Compensation & Benefits

  • $89,430Average Total Compensation & Benefits

  • 410Banks 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.

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Source: FDIC Call Report year-end 2020, estimates based on ABA 2020/2021 survey data



  • $80.4 BNew Home Loans Booked in 2020

  • 255,640Number of New Home Loans in 2020

  • $225,000Median New Home Loan Size in 2020

  • $39.8 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 368,996PPP Loans

  • $25,500Median PPP Loan

  • 4.9 MJobs Supported by PPP

Source: HMDA, SBA PPP Loans, ABA analysis



  • 19.1 MCustomers

  • $1.6 TDeposits

  • 487Banks Operating Branches

  • 6,334Branches & Offices

  • 2,348Branches 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.

Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE 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.

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Source: Estimates based on ABA 2020/2021 survey data

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