Financial Services

The Financial Services industry in San Antonio includes the following sectors: banking and credit; investment activities; insurance; funds, trusts and other financial vehicles; accounting and bookkeeping. In 2011, San Antonio's financial sector employed more than 65,400 people, and despite the harsh economic climate it reported revenue increases, positioning it as one of the city's most stable, promising and significant business sectors.

The banking and credit sector includes commercial banking; savings institutions; credit unions; credit card issuing; sales financing; mortgage and nonmortgage loan brokers; and financial transactions processing, reserve and clearinghouse activities.

The investment sector includes investment banking and securities dealing; securities brokerage; commodity contracts dealing and brokerage; securities and commodity exchange; portfolio management; and investment advice.

The insurance sector includes direct life, health and medical insurance carriers; property and casualty insurance carriers; title insurance carriers; insurance agencies and brokerages; claim adjusting and third party administrators.

The funds, trusts and other financial activities sector includes pension funds; health and welfare funds; open-end investment funds; trusts, estates and agency accounts; real estate investment trusts.

The accounting and bookkeeping sector includes offices and certified public accountants; tax preparation services; and payroll services.

Source: Finance San Antonio ad hoc committee

Top Five Largest San Antonio-Area Based Banks

 Deposits (Millions $)Loans (Millions $)Assets (Millions $)
Frost National Bank $16,846.7 $7,885.6 $20,372.1
Broadway National Bank $2,085.7 $1,091.6 $2,465.7
Jefferson State Bank $824.1 $546.5 $949.3
The Bank of San Antonio $268.6 $169.7 $299.2
First State Bank $236.2 $197.5 $272.7
Source: 2013 Book of Lists, San Antonio Business Journal
Financial figures current as of December 2011

Top Five Largest San Antonio Credit Unions

 Assets (Millions $)Loans (Millions $)
Security Service Federal Credit Union $6,554.4 $5,904.2
Randolph-Brooks Federal Credit Union $4,834.2 $2,998.1
San Antonio Federal Credit Union $2,898.6 $2,712.9
Firstmark Credit Union $723.1 $477.9
Generations Federal Credit Union $384.6 $242.6
Source: 2013 Book of Lists, San Antonio Business Journal
Financial figures current as of December 2011

Top Five Largest Banks with Branches in San Antonio MSA

 Deposits inside market (Millions $)No. of offices inside market
Frost National Bank $5,843.2 28
Bank of America  $3,278.7 41
Wells Fargo $2,985.3 56
Broadway Bank $1,782.0 31
JPMorgan Chase $1,376.5 49

Source: 2013 Book of Lists, San Antonio Business Journal
Financial figures current as of December 2011

Financial Job Titles and Wages

Job TitleAverage Hourly Wage
Billing & Collections Manager $29.69
Billing Clerk $14.46
Finance Manager $34.69
Controller I $37.15
Financial Analyst (degreed) $25.68
Source: 2013 Werling Associates, Inc.

Financial Services Companies in San Antonio MSA:

Allstate www.allstate.com
Argo Group www.argolimited.com
Bank of America www.bankofamerica.com
BBVA www.bbvacompass.com
Capital One www.capitalone.com
Chase www.chase.com
Citibank www.citibank.com
First National Bank www.webfnb.com
Humana www.humana.com
International Bank of Commerce www.ibc.com
Nationwide www.nationwide.com
Sterling Bank www.banksterling.com
SWBC www.swbc.com
The Bank of San Antonio www.thebankofsa.com
USAA www.usaa.com
Wachovia Bank www.wachovia.com