58,433Employees
$7.8 BTotal Annual Compensation & Benefits
$133,549Average Total Compensation & Benefits
63Banks Headquartered in State
Virginia Business introduced their inaugural Virginia Business Women in Leadership Awards, spotlighting a cohort of executives who have excelled in their careers and are paving the way for other women to follow their example. More than 200 leaders were nominated, making the list of 30 honorees an even higher accolade.
Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis
$43.3 BNew Home Loans Booked in 2022
105,946Number of New Home Loans in 2022
$345,000Median New Home Loan Size in 2022
$14.5 BSmall Business Loans
603.2 KNumber of Small Business Loans
$24,115Average Small Business Loan
$1 BSmall Farm Loans
17,519Number of Small Farm Loans
$59,111Average Small Farm Loan
Berlin, Maryland’s Taylor Bank helped its small business customer, Eastern Shore Rural Health, secure a Paycheck Protection Program loan for $3 million to help support the health center’s 300+ employees who work in nearby Virginia.
Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis
$381 BDeposits
115Banks Operating Branches
1,932Branches & Offices
1,159Branches Offering Low Fee Bank On-certified Accounts
City National Bank’s Raphine, Virginia, branch, which serves a small rural town, created a temporary drive-thru since the building does not have one. This creative approach allowed the bank to safely meet customers’ needs during the COVID-19 pandemic.
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Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis
