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Texas: Banks’ Economic Impact

Banks support Texas's economy with consumer, business and other loans, and by providing more than 233,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 233,412Employees

  • $29.5 BTotal Annual Compensation & Benefits

  • $126,388Average Total Compensation & Benefits

  • 378Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $99.2 BNew Home Loans Booked in 2023

  • 278,394Number of New Home Loans in 2023

  • $315,000Median New Home Loan Size in 2023

  • $66 BSmall Business Loans

  • 2.4 MNumber of Small Business Loans

  • $27,705Average Small Business Loan

  • $6.8 BSmall Farm Loans

  • 100,364Number of Small Farm Loans

  • $67,740Average Small Farm Loan

Source: FFIEC HMDA 2023, FFIEC CRA 2023, FDIC Call Report 2023Q4, ABA analysis

Customers

Customers

  • $1.5 TDeposits

  • 485Banks Operating Branches

  • 6,339Branches & Offices

  • 3,235Branches 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: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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