Top 50 Largest Banks in the US

JP Morgan Chase is one of the largest and most prestigious banks in the world. It is one of the Big Four banks of the United States, along with Bank of America, Wells Fargo, and Citigroup.

Bank of America is the nation's leading financial institution, serving individual consumers, small- and middle-market businesses and large corporations with a comprehensive range of banking, investing, asset management and other financial and risk management products and services.

Wells Fargo maintains one of the largest correspondent bank networks in the United States. It was ranked No. 1 in the American Customer Satisfaction Index, an independent survey of consumer satisfaction of the largest banks in the U.S. conducted in the third quarter of 2010.

Following are the top 50 U.S. financial institutions with the most deposits as of 31 Dec 2008 (in billions of U.S. dollars):

1 JP Morgan Chase & Co.-$1,009
2 Bank of America -$884
3 Wells Fargo-$785
4 Citigroup-$774
5 PNC Financial Services Group-$193
6 HSBC Holdings-$161
7 Bank of New York Mellon-$160
8 U.S. Bancorp-$159
9 SunTrust Bank-$113
10 State Street Corp.-$112
11 Capital One Financial-$109
12 BB&T Corporation-$98.70
13 Toronto-Dominion Bank-$95.60
14 Royal Bank of Scotland-$94.80
15 Regions Financial-$90.90
16 Fifth Third Bancorp-$78.90
17 ING Group-$71.80
18 KeyCorp-$65.30
19 Northern Trust-$62.40
20 Bank of Montreal-$53.70
21 BNP Paribas (Bank of the West)-$46.60
22 Mitsubishi UFJ Financial Group (Union Bank)-$46.10
23 Allied Irish Banks-$42.60
24 Comerica-$42.20
25 Zions Bancorp-$41.30
26 Marshall & Ilsley-$41.10
27 Banco Bilbao Vizcaya Argentaria S.A.-$38.80
28 Huntington Bancshares-$38.00
29 E-Trade Financial-$29.90
30 Synovus Financial Corp.-$28.60
31 Popular Inc.-$27.60
32 Navy Federal Credit Union-$24.70
33 Charles Schwab Corp.-$23.90
34 Royal Bank of Canada (Centura)-$21.10
35 Colonial BancGroup Inc.-$18.70
36 Hudson City Bancorp-$18.70
37 Deutsche Bank-$17.10
38 People’s United Financial Inc.-$15.60
39 State Employees Credit Union-$15.30
40 Associated Banc-Corp -$15.20
41 BOK Financial Corp.-$15.00
42 New York Community Bancorp Inc.-$14.60
43 First Horizon National Bancorp-$14.20
44 First Citizens Bancshares-$13.70
45 Astoria Financial Corp.-$13.70
46 First Bancorp-$13.10
47 Commerce Bancshares-$12.90
48 City National Bank-$12.70
49 Webster Financial Corp-$11.90
50 FBOP Corp-$11.80
Source: American Banker, 2009

* Next: Top 10 Largest Banks in the World

Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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