FOR IMMEDIATE RELEASE
Washington, DC — In an effort to better demonstrate the value banks bring to communities, today the Bank Policy Institute is launching an “Every Day” website which includes an interactive map showing the economic impact BPI member banks play in creating jobs, growing small businesses and driving economic growth. In addition, the website also includes a video to illustrate how more than 2 million bank employees work to achieve those goals. As the video shows, bank employees help to provide $600 billion in small business loans, $4.1 trillion in loans for mortgages, cars, credit cards and other consumer loans, and $478 billion in financing to states and local communities.
“Every day the nation’s leading banks are providing innovative products and creating economic opportunities,” said Greg Baer, President and CEO of the Bank Policy Institute. “Banks succeed when the consumers and businesses they serve succeed.”
The map demonstrates our members’ economic contributions through employees, deposits, loans to businesses, municipal loans, mortgages and small business loans, both nationally and state by state. Collectively, BPI members employ 1.75 million Americans, make 72% of all loans and nearly half of the nation’s small business loans, and serve as an engine for financial innovation and economic growth. The website is available at www.bpi.com/impact.
About the Bank Policy Institute. The Bank Policy Institute (BPI) is a nonpartisan public policy, research and advocacy group, representing the nation’s leading banks and their customers. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, they employ almost 2 million Americans, make nearly half of the nation’s small business loans, and are an engine for financial innovation and economic growth.
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