Midsize Banks Fuel America's Economy

MIDSIZE BANKS FUEL AMERICA’S ECONOMY

At roughly $10-100 billion in assets, midsize banks are significant drivers of the American economy. While they offer a wide range of financial services and products, midsize banks play leading roles in serving the needs of small and medium-size businesses and the financing of multifamily housing in the U.S. They employ nearly 300,000 people.

Midsize banks at-a-glance

$3.42 trillion total assets
14,262 branches and offices
291,281 Americans employed

Source Credit: Federal Deposit Insurance Corporation, data as of December 31, 2022

Midsize banks help drive America's economic growth and are vital to maintaining a highly competitive and resilient banking system.

Hold more than $2.24 trillion in loans for local communities
Hold 18% of total loans outstanding in the industry
Hold more than 2.77 million small-dollar loans for business totaling nearly $130 billion (includes small business, small commercial real estate, small farmland and small ag production)

Source Credit: Federal Deposit Insurance Corporation, data as of December 31, 2022

Lending by midsize banks totaled $2.24 trillion in 2022

Commercial Real Estate: $552 billion
Malls, office buildings, hotels, hospitals, places of worship, warehouses

1-4 family: $458 billion
Family homes, condos, townhomes

Construction: $157 billion
Builders, property developers

Multifamily: $155 billion
Apartments, high-rises, senior housing, student housing