A Comprehensive Guide to the 30 Leading Banks in America
The United States boasts a sophisticated and diverse banking system, featuring a range of financial institutions from local credit unions to major global banks. These institutions are crucial to the economy, offering banking services to a wide array of customers.
Banks in the U.S. vary in size, typically measured by the total assets they manage. The four largest banks — JPMorgan Chase, Bank of America, Wells Fargo, and Citi® — each hold trillions of dollars in assets.
**Top Bank in America**
Currently, JPMorgan Chase is the largest bank in America based on assets. Below is a list of the 30 biggest banks in the U.S., along with their headquarters and total assets:
– **JPMorgan Chase** (New York) – $3.4 trillion
– **Bank of America** (Charlotte, N.C.) – $2.5 trillion
– **Citi®** (New York, N.Y.) – $1.7 trillion
– **Wells Fargo** (San Francisco) – $1.7 trillion
– **U.S. Bank** (Minneapolis, Minn.) – $650.7 billion
– **PNC Bank** (Pittsburgh) – $557.5 billion
– **Truist** (Charlotte, N.C.) – $535 billion
– **Goldman Sachs** (New York) – $521 billion
– **Capital One** (McLean, Va.) – $475.6 billion
– **TD Bank** (Cherry Hill, N.J.) – $367.2 billion
– **Bank of New York Mellon** (New York) – $332.5 billion
– **State Street Corporation** (Boston) – $293.2 billion
– **BMO** (Chicago) – $265.7 billion
– **Citizens Bank** (Providence, R.I.) – $221.8 billion
– **Fifth Third Bank** (Cincinnati) – $213.8 billion
– **First Citizens Bank** (Raleigh, N.C.) – $213.7 billion
– **Morgan Stanley Bank** (New York) – $209 billion
– **M&T Bank** (Buffalo, N.Y.) – $207.8 billion
– **Morgan Stanley Private Bank** (New York) – $203.3 billion
– **Huntington** (Columbus) – $188.73 billion
– **Ally Bank** (Detroit) – $186.1 billion
– **Keybank** (Cleveland) – $185.9 billion
– **American Express** (New York) – $180.4 billion
– **HSBC** (New York) – $165.2 billion
– **Regions Bank** (Birmingham, Ala.) – $151.3 billion
– **Northern Trust** (Chicago) – $150.3 billion
– **Discover Bank** (Riverwoods, Ill.) – $149.4 billion
– **Flagstar Bank/New York Community Bank** (Hicksville, N.Y.) – $116.3 billion
– **Santander Bank** (Boston) – $100.5 billion
– **City National Bank** (Los Angeles) – $93.4 billion
**Overview of the Largest Banks**
1. **JPMorgan Chase**: Headquartered in New York, JPMorgan Chase is the largest U.S. bank with $3.4 trillion in assets. Founded over 220 years ago, it has more than 4,700 branches in 48 states and over 16,000 ATMs, making it highly accessible.
2. **Bank of America**: Based in Charlotte, North Carolina, Bank of America manages $2.5 trillion in assets. It serves a wide range of clients, including small businesses, individuals, and large corporations, with numerous ATMs and financial centers nationwide.
3. **Citi®**: Located in New York, Citi® is part of Citigroup and holds $1.7 trillion in assets. It offers a variety of financial services and has over 600 branches and more than 60,000 fee-free ATMs in the U.S., emphasizing technological advancements in banking.
4. **Wells Fargo**: Headquartered in San Francisco, Wells Fargo also has $1.7 trillion in assets. It operates over 5,600 branches across the U.S., making it one of the most widespread banks. It is a major player in the mortgage lending market.
5. **U.S. Bank**: Based in Minneapolis, Minnesota, U.S. Bank has $650.7 billion in assets. It operates over 2,000 branches in 26 states and has a significant online and mobile banking presence, providing a full range of financial services.