Many California banking jobs have disappeared, but pay gains have outstripped the national average, the Federal Reserve Bank of San Francisco said.

From 1994 to 1997, wages and salaries for financial institution workers swelled 19% in California, versus 14% nationwide, according to a study released Friday. California bank salaries averaged about $5,000 higher than those elsewhere in the nation.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.