A Key Conduit For Economic Renewal
Bankers have always demonstrated their commitment to making a real difference in their local communities. They are one of the strongest partners for economic growth and stability. During the COVID-19 pandemic, bankers across America are relentlessly working and partnering with members of their communities to extend financial lifelines to families and small businesses, as well as supporting and expanding charitable initiatives. They are standing by their communities to help their local economies remain vibrant and growing.
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Did You Know?
94.6% of U.S. households (124.2 million U.S. households) were “banked” in 2019, meaning that at least one member of the household had a checking or savings account. Source: Federal Deposit Insurance Corporation (FDIC), How America Banks: Household Use of Banking and Financial Services, 2019 FDIC Survey (October 2020).
Two in three banks implemented or upgraded new technology to better serve customer needs digitally, facilitate remote work by their employees and respond to the high demand for Paycheck Protection Program (PPP) loans in response to COVID-19. Source: Bank Director 2020 Technology Survey, August 2020