Last Updated on July 1, 2024 by admin
The United States banks have been dominated by JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and U.S. Bancorp based on their assets and balance sheet according to data straight from US Federal Deposit Insurance Corporation.
The U.S Bank is supervised by a central bank which is known as Federal Reserve Bank, and it came into existence after the passage of the Federal Reserve Act in 1913.
This article is designed to provide a guide to the Future of Banking and the total number of banks in the United States and their assets as FDIC lists 4,983 banks in total.
The Top Banks in the USA by assets
1.JPMorgan Chase
JPMorgan Chase is the highest in united states and 5th largest in the world with a balance sheet and total assets of US$3.68 trillion (2021).The bank headquartered is located in New York, was founded in 1799
2. Bank of America
Bank of America is the second largest bank in the United states. It has a Total assets of USD 2.97 trillion (3/2021)and its headquarters is located in Charlotte, North Carolina. IT financial services and products are carried out through four business segments – Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets.
3. Wells Fargo & Co
The bank has a total assets of $1.75 Trillion and it was founded in 1852 with Headquarters in San Francisco
4. Citigroup
Citibank headquarters is located in New York with a total assets of USD 2.31 trillion. The multinational investment banking and financial services has its presence in 19 countries through 2,303 branches.
5.Goldman Sachs Group Inc.
The investment banking, securities, and investment management company has a total assets of USD 1.3 trillion as of 2021 With 40,300 employees, it is headquartered in New York.
6. Morgan Stanley
Morgan Stanley service and products include investment banking, securities, wealth management, and investment management services with a total assets of USD 1.12 trillion
7. U.S. Bancorp
The U.S. Bank National Association has a total assets of USD 553.4 billion.It Headquarters is located at Minneapolis
8. Truist Bank
The Truist Financial Corporation headquarter is located in Charlotte, North Carolina with a total assets of $506.47 billion
9. PNC Bank
The PNC Financial Services Group Inc has a total assets of Assets: $469.30 billion as a regional bank operating in parts of the Northeast, South and Midwest.It Headquarters is located in Pittsburgh in the state of Pennsylvania in the United States.
10. TD Bank
TD Group US Holdings is headquartered in Cherry Hill, New Jersey. it’s commercial banking arm of Canada’s TD Bank Group with a total Assets of $411.62 billion
11. Capital One Financial Corp
Capital One Financial Corp operates through the following business segments – Credit Card, Consumer Banking, Commercial Banking, and Others.It has a total assets of USD 425.2 billion. The Headquarters of the bank is located McLean, Virginia
12. Bank of New York Mellon Corp
The BNY Mellon, is an investment banking services holding company.The investment bank headquarter is located in New York with a total Assets of $383.94 billion
13. State Street Corp.
State Street Corp. service include investment research and trading and investment management. the total Assets is $313.28 billion, however . Its clients include asset owners, insurance companies and pension funds, among others.
14. Fifth Third Bancorp
The Fifth Third Bank has a total assets of $205.49 billion and it headquarter is located in Cincinnati Ohio
15. HSBC
The HSBC North America Holdings Inc has a total assets of $194.91 billion and it’s Headquarters is located in New York.
16. Citizens Financial Group
The Citizens bank has a total Assets of $187.18 billion and it headquarter is located in Providence, Rhode Island
Other on the list are:
17. Charles Schwab Bank- $342,023,000
18. Morgan Stanley Bank- $175,627,000
19. Ally Bank- $172,019,000
20. The Northern Trust Company- $169,571,085
21. KeyBank National Association- $168,974,607
22. BMO Harris Bank National Association- $154,260,389
23. Regions Bank- $146,476,000
24. First Republic Bank- $142,502,134
25. Manufacturers and Traders Trust Company- $142,219,684
26. American Express National Bank- $132,754,617
27. MUFG Union Bank- $132,111,226
28. The Huntington National Bank- $122,837,617
29 Silicon Valley Bank- $113,839,098
30 Discover Bank- $111,335,503
31 USAA Federal Savings Bank- $108,929,905
32 Capital One Bank (USA)- $108,388,248
33 BBVA USA- $101,630,248
34 Bank of the West- $96,057,998
35 Santander Bank, N.A.- $89,502,032
