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West Virginia: Banks’ Economic Impact

Banks support West Virginia’s economy with consumer, business and other loans, and by providing more than 12,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 12,202Employees

  • $719.3 MTotal Annual Compensation & Benefits

  • $58,949Average Total Compensation & Benefits

  • 49Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $2.9 BSmall Business Loans Outstanding

  • $2.8 BNew Home Loans Booked in 2018

  • 19,426Number of New Home Loans in 2018

  • $105,000Median New Home Loan Size in 2018

  • $1 BSmall Farm Loans Outstanding

A woman wearing a mask and apron operates an espresso machine

Saving Jobs in West Virginia

A woman wearing a mask and apron operates an espresso machine

Paycheck Protection Program loans delivered much-needed financial relief to businesses in West Virginia during the COVID-19 pandemic. Ninety-eight percent of the 204,000+ jobs saved were a result of PPP government loans facilitated by America’s banks.

More stories on Lending #

Source: Estimates based on ABA 2019/2020 survey data, HMDA

Customers

Customers

  • 1.6 MTotal Customers

  • $34.2 BDeposits

  • 1.3 MConsumer

  • 314.6 KSmall Business

  • 3.7 KSmall Farm

  • 71Banks Operating Branches

  • 608Branches & Offices

Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 76.3 KVolunteer hours

  • $13.2 MCommunity Donations

A Commitment to Community

Junior Achievement

In 2017, United Bank created a bank-wide infrastructure to connect employees with high-impact volunteer opportunities to move the needle on key challenges facing its communities. The anchor of this strategy is the CRA Action Committee which consists of representatives from each of the bank’s 20 markets.

Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.

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