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Washington: Banks’ Economic Impact

Banks support Washington’s economy with consumer, business and other loans, and by providing more than 29,000 people with a rewarding place to work.

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  • 29,974Employees

  • $3.9 BTotal Annual Compensation & Benefits

  • $130,064Average Total Compensation & Benefits

  • 41Banks Headquartered in State

Hiring Our Heroes

Sound Community Bank in Seattle is a proud participant in Hiring Our Heroes—a partnership with ABA and the U.S. Chamber of Commerce Foundation that connects the military community with employment opportunities in banking.

Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis



  • $47 BNew Home Loans Booked in 2022

  • 83,447Number of New Home Loans in 2022

  • $485,000Median New Home Loan Size in 2022

  • $13.5 BSmall Business Loans

  • 531.5 KNumber of Small Business Loans

  • $25,437Average Small Business Loan

  • $1.4 BSmall Farm Loans

  • 19,024Number of Small Farm Loans

  • $74,030Average Small Farm Loan

Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis



  • $231 BDeposits

  • 75Banks Operating Branches

  • 1,500Branches & Offices

  • 894Branches Offering Low Fee Bank On-certified Accounts

Back on the Road

When Marguerite’s card didn’t work in a London cab, she called her branch of Columbia Bank in Washington. The bank not only ensured her account security, but quickly got her back on the road.

Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis

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