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Illinois: Banks’ Economic Impact

Banks support Illinois's economy with consumer, business and other loans, and by providing more than 99,000 people with a rewarding place to work.

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Jobs

Jobs

  • 99,199Employees

  • $13.9 BTotal Annual Compensation & Benefits

  • $140,507Average Total Compensation & Benefits

  • 352Banks Headquartered in State

A Thriving Career in Lending

FNBO in Illinois hired Tyler Stevenson after a career as an Army ranger and a stint as a lawyer. The battle-tested skills he brings to his new career are appreciated by his broad range of clients.

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $28.3 BNew Home Loans Booked in 2023

  • 97,640Number of New Home Loans in 2023

  • $245,000Median New Home Loan Size in 2023

  • $27.4 BSmall Business Loans

  • 912.3 KNumber of Small Business Loans

  • $30,024Average Small Business Loan

  • $2.8 BSmall Farm Loans

  • 39,927Number of Small Farm Loans

  • $70,300Average Small Farm Loan

Source: FFIEC HMDA 2023, FFIEC CRA 2023, FDIC Call Report 2023Q4, ABA analysis

Customers

Customers

  • $667 BDeposits

  • 410Banks Operating Branches

  • 3,695Branches & Offices

  • 1,712Branches Offering Low Fee Bank On-certified Accounts

Working to Ensure Sensitivity to Religious Preferences

Devon Bank in Chicago, IL, is committed to serving religious groups and communities with varying preferences concerning interest.

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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