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Wisconsin: Banks’ Economic Impact

Banks support Wisconsin's economy with consumer, business and other loans, and by providing more than 31,000 people with a rewarding place to work.

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Jobs

Jobs

  • 31,139Employees

  • $2.7 BTotal Annual Compensation & Benefits

  • $85,784Average Total Compensation & Benefits

  • 177 Banks Headquartered in State

Source: FDIC branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis

Lending

Lending

  • $28.2 BNew Home Loans Booked in 2021

  • 119,098Number of New Home Loans in 2021

  • $175,000Median New Home Loan Size in 2021

  • $7.5 BSmall Business Loans

  • 451.7 KNumber of Small Business Loans

  • $16,616Average Small Business Loan

  • $2.2 BSmall Farm Loans

  • 32,797Number of Small Farm Loans

  • $66,356Average Small Farm Loan

Source: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis

Customers

Customers

  • 10.9 MCustomers

  • $200.9 BDeposits

  • 210Banks Operating Branches

  • 1,801Branches & Offices

  • 468Branches Offering Low Fee Bank On-certified Accounts

Dementia Friendly Banking

More than 150 employees of Wausau, Wisconsin’s Incredible Bank have completed the bank’s Dementia Friendly Training Program, aimed at protecting and empowering vulnerable customers struggling with dementia.

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

Giving Back

Giving Back

  • 562.9 KVolunteer Hours

  • $59.7 MCommunity Donations

Helping Communities Thrive

Foritifi Bank in Wisconsin is dedicated to giving back to the community through the time and talent of its bankers. Employees completed 4,000+ volunteer hours, and the bank made a $27,148 financial literacy investment and $36,325 in community donations in 2019. Watch the video to see more.

Source: Estimates based on ABA 2020/2021 survey data

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