Top 50 Banks in the United States

Here is a list of the 50 largest banks in the United States ranked by total assets. JPMorgan Chase & Co (NYSE: JPM) is the largest U.S. bank in terms of assets, deposits and market capitalization. The company employs over 280,000 people and has about 5,000 branches across the country. Bank of America (BofA) is the second largest U.S. lender by assets. With over 210,000 employees, it operates through a network of 4,250 branches and 16,000 ATMs across the nation. The cumulative total assets of the top 50 U.S. banks exceed $23 trillion.

Rank	Company	HQ Location	Total Assets, US$B (06/30/2023)
1	JPMorgan Chase	New York, NY	3,868.24
2	Bank of America Corp	Charlotte, NC	3,123.20
3	Citigroup Inc	New York, NY	2,423.68
4	Wells Fargo & Co	San Francisco, CA	1,876.32
5	Goldman Sachs	New York, NY	1,571.39
6	Morgan Stanley	New York, NY	1,164.91
7	U.S. Bancorp	Minneapolis, MN	680.825
8	PNC Financial Services	Pittsburgh, PA	558.223
9	Truist Financial Corporation *	Charlotte, NC	554.549
10	TD Group US Holding	Wilmington, DE	516.129
11	Charles Schwab	San Francisco, CA	511.505
12	Capital One Financial Corp	McLean, VA	467.800
13	Bank of New York Mellon	New York, NY	430.382
14	State Street Corporation	Boston, MA	294.561
15	BMO Financial Corp	Wilmington, DE	293.090
16	American Express Company	New York, NY	244.904
17	HSBC North America	New York, NY	223.657
18	Citizens Financial Group	Providence, RI	223.468
19	First Citizens Bancshares	Raleigh, NC	209.502
20	M&T Bank Corp	Buffalo, NY	207.672
21	Fifth Third Bancorp	Cincinnati, OH	207.276
22	United Services Automobile Assn	San Antonio, TX	206.564
23	Ally Financial	Detroit, MI	197.241
24	UBS Americas Holding	New York, NY	195.827
25	KeyCorp	Cleveland, OH	195.214
26	Barclays US LLC	New York, NY	190.712
27	Huntington Bancshares	Columbus, OH	188.505
28	Santander Holdings USA	Boston, MA	170.822
29	Ameriprise Financial	Minneapolis, MN	169.790
30	RBC US Group Holdings	New York, NY	165.936
31	Northern Trust Corporation	Chicago, IL	156.753
32	Regions Financial Corp	Birmingham, AL	155.878
33	Discover Financial Services	Riverwoods, IL	138.082
34	New York Community Bancorp	Westbury, NY	118.796
35	Synchrony Financial	Stamford, CT	108.697
36	DB USA Corporation	New York, NY	108.497
37	Comerica Inc	Dallas, TX	90.994
38	Zions Bancorporation N.A.	Salt Lake City, UT	87.230
39	First Horizon Corporation	Memphis, TN	85.072
40	Mizuho Americas	New York, NY	82.306
41	Raymond James Financial Inc	Saint Petersburg, FL	77.633
42	Webster Financial Corporation	Stamford, CT	74.038
43	Popular, Inc	San Juan, PR	70.838
44	East West Bancorp	Pasadena, CA	68.533
45	CIBC Bancorp USA	Chicago, IL	68.187
46	Western Alliance Bancorp	Phoenix, AZ	68.160
47	Valley National Bancorp	New York, NY	61.704
48	Synovus Financial Corp	Columbus, GA	60.656
49	John Deere Capital Corporation	Middleton, WI	56.947
50	Wintrust Financial Corp	Rosemont, IL	54.286
51	Columbia Banking System Inc	Tacoma, WA	53.592
52	BNP Paribas USA	New York, NY	52.748
53	BOK Financial Corporation	Tulsa, OK	49.275
54	Cullen/Frost Bankers	San Antonio, TX	48.644
55	Old National Bancorp	Evansville, IN	48.497
56	Pinnacle Financial Partners	Nashville, TN	46.876
57	FNB Corporation	Pittsburgh, PA	44.971
58	Southstate Corporation	Winter Haven, FL	44.940
59	MUFG Americas Holdings	New York, NY	44.128
60	UMB Financial Corporation	Kansas City, MO	41.243

* Truist Financial Corporation was formed in December 2019 through the merger of Winston-Salem based BB&T Corporation (Branch Banking and Trust Company) and Atlanta's SunTrust Banks Inc.

Last updated October 1, 2024