45,260Employees
$4.6 BTotal Annual Compensation & Benefits
$102,465Average Total Compensation & Benefits
69Banks 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 year-end 2020, estimates based on ABA 2020/2021 survey data
$36.6 BNew Home Loans Booked in 2020
112,273Number of New Home Loans in 2020
$255,000Median New Home Loan Size in 2020
$11.9 Bin Paycheck Protection Program (PPP) Loans Facilitated
101,058PPP Loans
$29,779Median PPP Loan
1.3 MJobs Supported by PPP
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: HMDA, SBA PPP Loans, ABA analysis
6.9 MCustomers
$426.8 BDeposits
120Banks Operating Branches
2,070Branches & Offices
938Branches 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.
More stories on Serving Customers
Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund
284 KVolunteer Hours
$77.1 MCommunity Donations
For every VA loan closed, Virginia's Freedom Bank makes a contribution to Veterans Moving Forward, an organization that provides service dogs and canine therapy to veterans with physical and/or mental health challenges.
More stories on Giving Back
Source: Estimates based on ABA 2020/2021 survey data
