169,504Employees
$26 BTotal Annual Compensation & Benefits
$153,101Average Total Compensation & Benefits
132Banks Headquartered in State
When the pandemic struck, Montecito Bank & Trust took action by converting its Hollister branch located in Goleta, Calif., into a COVID-19 relief center. The team members at the center of this endeavor were strictly focused on helping to process PPP loans for customers in need. Bankers voluntarily worked overtime—including weekends—to ensure the financial well-being of their community during this trying time.
Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis
$179 BNew Home Loans Booked in 2022
267,667Number of New Home Loans in 2022
$565,000Median New Home Loan Size in 2022
$83.3 BSmall Business Loans
4 MNumber of Small Business Loans
$21,091Average Small Business Loan
$11.1 BSmall Farm Loans
171,218Number of Small Farm Loans
$64,943Average Small Farm Loan
Bank of Southern California received a special thank-you from Lyon, a small business customer of the bank and film production company for clients in healthcare, technology and life science. The video “thank-you card” expressed the company’s gratitude for receiving a PPP loan from the bank during the COVID-19 pandemic.
Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis
$2.2 TDeposits
183Banks Operating Branches
6,055Branches & Offices
3,895Branches Offering Low Fee Bank On-certified Accounts
Wells Fargo announced a $20 million donation to help small business owners in Los Angeles own more of their businesses’ assets, including property and equipment.
Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis
