America's Banks
Jump to Content

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.

Find State-by-State Data #
Texas map icon


  • 198,131Employees

  • $17.7 BTotal Annual Compensation & Benefits

  • $89,430Average Total Compensation & Benefits

  • 413Banks 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 (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: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans



  • 19.1 MCustomers

  • $1 TDeposits

  • 498Banks Operating Branches

  • 6,415Branches & Offices

  • 2,762Branches Offering Low Fee Bank On-certified Accounts

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 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

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

Submit your bank's story

Submit your story