America's Banks
Jump to Content

West Virginia: Banks’ Economic Impact

Banks support West Virginia's economy with consumer, business and other loans, and by providing more than 7,000 people with a rewarding place to work.

Find State-by-State Data #
West Virginia map icon
Jobs

Jobs

  • 7,838Employees

  • $578.9 MTotal Annual Compensation & Benefits

  • $73,864Average Total Compensation & Benefits

  • 44Banks Headquartered in State

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

Lending

Lending

  • $2.5 BNew Home Loans Booked in 2023

  • 10,979Number of New Home Loans in 2023

  • $205,000Median New Home Loan Size in 2023

  • $2.2 BSmall Business Loans

  • 67.7 KNumber of Small Business Loans

  • $32,550Average Small Business Loan

  • $217.5 MSmall Farm Loans

  • 3,685Number of Small Farm Loans

  • $59,007Average Small Farm Loan

Providing Small Business Loans to Aid Low-Income Communities

WesBanco Bank, Inc. generously used its community development corporation to leverage allocations of New Market Tax Credits (NMTC) to fund development and inject capital into highly distressed, low-income communities—located largely in rural Appalachia.

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

Customers

Customers

  • $45.3 BDeposits

  • 68Banks Operating Branches

  • 560Branches & Offices

  • 221Branches Offering Low Fee Bank On-certified Accounts

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

Submit your bank's story

Submit your story