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Texas: Banks’ Economic Impact

Banks support Texas’s economy with consumer, business and other loans, and by providing more than 165,000 people with a rewarding place to work.

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  • 165,576Employees

  • $16 BTotal Annual Compensation & Benefits

  • $96,624Average Total Compensation & Benefits

  • 420Banks 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: Estimates based on ABA 2019/2020 survey data



  • $25.2 BSmall Business Loans Outstanding

  • $52.3 BNew Home Loans Booked in 2018

  • 184,828Number of New Home Loans in 2018

  • $185,000Median New Home Loan Size in 2018

  • $10.7 BSmall Farm Loans Outstanding

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



  • 18.6 MTotal Customers

  • $878.2 BDeposits

  • 16.1 MConsumer

  • 3.9 MSmall Business

  • 141.2 KSmall Farm

  • 510Banks Operating Branches

  • 6,400Branches & Offices

Fraud Buster

Uncovering a Wire Scam

Fraud Buster

Jeremy Henschen of First Financial Bank in Texas noticed something suspicious about a customer’s overseas wire transfer. Jeremy and his supervisor stopped the fraudulent wire transaction and saved the customer from a potential personal financial loss of more than $5,000.

More stories on Serving Customers #

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

Giving Back

Giving Back

  • 1.2 MVolunteer hours

  • $309.7 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 2019/2020 survey data. Does not include individual employee donations.

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