America's Banks
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Banks' Economic Impact in the United States

The nation's 5,000+ banks support their customers and communities by lending money that helps individuals, families and businesses secure a brighter future; employing 2 million individuals; providing a safe place for customers to save; and offering the financial and volunteer support communities need to succeed.

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  • 2 MEmployees

  • $237.8 BTotal Annual Compensation & Benefits

  • $115,133Average Total Compensation & Benefits

St. Louis Banker Recognized with ABA Foundation’s Highest Honor

In light of his years of service to the St. Louis community, Alex D. Fennoy, EVP and Community & Economic Development Director at Midwest BankCentre, is the recipient of the 2020 George Bailey Distinguished Service Award. This award, presented by the ABA Foundation, honors bankers who demonstrate outstanding initiative, effectiveness and inspiration to others—ABA’s highest individual honor.

Source: FDIC call report



  • $10.9 TTotal Loans Outstanding

  • $2.4 TTotal Business Loans

  • $565.8 BSmall Business Loans

  • 25.7 MNumber of Small Business Loans

  • $21,981Average Small Business Loan

  • $5.1 TTotal Real Estate Loans

  • $2.2 THome Loans*

  • $1.5 TNew Home Loans Booked in 2020

  • 4.6 MNumber of Home Loans Booked in 2020

  • $215,000Median New Home Loan Size in 2020

  • *Includes residential mortgage and home equity loans.

  • $498 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 4.6 MPPP Loans

  • $25,769Median PPP Loan

  • 57.9 MJobs Supported by PPP

  • $174.6 BTotal Agricultural Loans

  • $71 BSmall Farm Loans

  • 1.1 MNumber of Small Farm Loans

  • $1.7 TTotal Consumer Loans

  • $822 BCredit Card Loans

  • $491.7 BAuto Loans

  • $197.5 BState & Local Government Loans*

  • *Includes money borrowed to build schools, roads, and other infrastructure.

America's Banks: A Source of Strength During COVID-19

Over this challenging year, the essential role America's banks play in the wellbeing of the nation has never been more apparent. Banks of all sizes have stepped up for their employees, customers and the communities they serve.

Source: FDIC call report, HMDA, SBA PPP Loans



  • 300.6 MCustomers

  • $16.3 TDeposits

Small Businesses Receive Meaningful Support

In April 2020, Citizens Bank launched the Small Business Recovery Program—a $2 million commitment to assist business customers most impacted by the COVID-19 pandemic. As a result of this effort, 134 small businesses were selected to receive a $15,000 grant to help them through this tumultuous time. Watch this moving tribute to the Small Business Recovery Program—as Citizens Bank associates tell worthy business owners that they would be receiving the grant.

Source: Estimates based on ABA 2020/2021 survey data, FDIC call report

Giving Back

Giving Back

  • 12.5 MVolunteer Hours

  • $4.8 BCommunity Donations

Students at Union Savings Bank

Hands-on Banking Experience for College Students

Students at Union Savings Bank

Union Savings Bank in Cincinnati partnered with Central State University (CSU), an HBCU in Wilberforce, OH, to launch its Summer Banking Institute. The 12-week program combines classroom credit with hands-on experience, including paid internships preparing students for careers in financial services. Banking partners include First Financial, Federal Home Loan and LCNB, along with support from the Ohio Bankers League. After three years, the institute has graduated 60 students and will continue to grow.

More stories on Giving Back #

Source: Estimates based on ABA 2020/2021 survey data

More Stats

More Statistics

  • $22.3 BFraud Prevented

  • $36.3 BIncome Tax Expense

  • $486.6 BBusiness Expenses Paid*

  • $21.9 TTotal Assets

  • 5,002Banks

  • 85,050Branches

  • 38,817Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC branch deposit data, FDIC call report, ABA 2019 DDD Fraud Survey, CFE Fund and S&P Global Market Intelligence. *Includes employee compensation and benefits, rent, IT, etc. Excludes interest paid on deposits.

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