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Mississippi: Banks’ Economic Impact

Banks support Mississippi's economy with consumer, business and other loans, and by providing more than 16,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 16,621Employees

  • $1.4 BillionTotal Annual Compensation & Benefits

  • $81,368Average Total Compensation & Benefits

  • 59Banks Headquartered in State

Making a Difference for Minority and Women-Owned Small Businesses

Hancock Whitney's Community Reinvestment Act division, Hancock Whitney Small Business Matters, serves as a comprehensive, company-wide entrepreneurship and small business outreach program to educate and create opportunities for pre-existing business owners and their teams, with an emphasis on minority and women-owned businesses.

Heather Amaden on her boat

Going the Extra Mile

Heather Amaden on her boat

Bank of Anguilla employee Heather Amaden arrives to the bank’s Cary location by boat after Mississippi suffered damaging floods. Amaden commuted by boat five days a week while the community recovered—a testament to hers and so many other bank employees' commitment to serving their customers.

More stories on Jobs #

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $4.4 BillionNew Home Loans Booked in 2024

  • 17,230Number of New Home Loans in 2024

  • $235,000Median New Home Loan Size in 2024

  • $5.7 BillionSmall Business Loans

  • 163.6 ThousandNumber of Small Business Loans

  • $34,859Average Small Business Loan

  • $503.1 MillionSmall Farm Loans

  • 9,487Number of Small Farm Loans

  • $53,030Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $77.8 BillionDeposits

  • 86Banks Operating Branches

  • 1,100Branches & Offices

  • 444Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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