Regional Banks Fuel America's Economy

REGIONAL BANKS FUEL AMERICA’S ECONOMY

Regional banks are significant drivers of the American economy. They have a major presence in communities across the country, employ more than half a million people and hold nearly a third of all outstanding loans. Regional banks play leading roles in serving the banking needs of millions of individual customers, a range of businesses and state and local governments.

Regional banks at-a-glance

$6.34 trillion total assets
17,582 branches and offices
527,593 Americans employed

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

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

Hold nearly $3.62 trillion in loans for local communities
Hold 29% of total loans outstanding in the industry
Hold more than 10.6 million small-dollar loans for business totaling more than $161 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 regional banks totaled $3.62 trillion in 2022

Commercial and industrial: $886 billion
Small business, equipment, corporations, working capital advances

Small business: $130 billion

Consumer: $900 billion
Auto: $308 billion
Credit Cards: $374 billion
Other consumer: $217 billion

1-4 family: $780 billion
Family homes, condos, townhomes

State & local government: $82 billion
Includes lending for schools, roads and other infrastructure