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Wisconsin: Banks’ Economic Impact

Banks support Wisconsin’s economy with consumer, business and other loans, and by providing more than 35,000 people with a rewarding place to work.

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Jobs

Jobs

  • 35,179Employees

  • $3.2 BTotal Annual Compensation & Benefits

  • $92,017Average Total Compensation & Benefits

  • 182Banks Headquartered in State

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $31 BNew Home Loans Booked in 2020

  • 136,118Number of New Home Loans in 2020

  • $185,000Median New Home Loan Size in 2020

  • $9.5 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 77,794PPP Loans

  • $27,340Median PPP Loan

  • 1.1 MJobs Supported by PPP

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 5.8 MCustomers

  • $179 BDeposits

  • 216Banks Operating Branches

  • 1,855Branches & Offices

  • 474Branches 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.

Source: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

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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