- His mother, Elena (Adams) Banks, worked for the CIA.
- Received Emmy nominations for playing the same character - Mike Ehrmantraut - on 2 different TV shows "Better Call Saul" (2015) and "Breaking Bad" (2008).
- Banks dropped out of Indiana University to join a touring company as a stage manager. He went to Australia with the company and stayed on working in theatre there.
- Banks attended Indiana University Bloomington where he was a classmate of Kevin Kline. During that time, they participated together in a production of The Threepenny Opera.
- Has a daughter and twins.
- He has appeared in two films that have been selected for the National Film Registry by the Library of Congress as being "culturally, historically or aesthetically" significant: फ्लायिंग हाय (1980) and Beverly Hills Cop (1984).
- He has appeared in one film that has been nominated for the Best Picture Oscar: Coming Home (1978).
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