The biggest banks in the United States have expanded significantly in the years following the Great Recession. As of December 31, 2021, the 15 biggest banks collectively held $13.44 trillion in assets.
There are adjustments made to this restricted group every year. Smaller banks leave the industry and are replaced by competitors that are expanding more quickly.
According to the most recent data from the Federal Reserve, these are the top 15 banks by assets in the United States.
Chase & Co. JPMorgan
The consumer banking arm of JPMorgan Chase is called Chase Bank. In contrast to several of its rivals, Chase is growing its branch network in important markets. There are currently 16,000 ATMs and about 5,000 branches. According to Chase, about half of all homes in the nation are Chase customers. Read the Chase Bank review at Bankrate.
$3.31 trillion in assets
Corporate: New York
Bank of America Corp
Approximately 66 million individuals and small business clients worldwide are served by Bank of America. Similar to many of the largest banks, it provides powerful digital capabilities, including a flexible mobile app. Following an industry trend, Bank of America recently said it would eliminate its nonsufficient funds (NSF) cost and lower its overdraft fee. Read Bank of America's review at Bankrate.
$2.52 trillion in assets
Headquarters are in Charlotte, North Carolina.
Wells Fargo & Co
In 1852, Wells Fargo was established. The bank still has the most branches of any bank in the nation, despite concentrating on branch consolidation and closure. Wells Fargo has released a savings app and a mobile banking app targeted at millennials in addition to its main app. After a string of errors, the bank underwent a rebranding and is now concentrating on mending its damaged connection with consumers. Read the Wells Fargo review at Bankrate.
$1.78 trillion in assets
San Francisco is the location.
Citigroup Inc
Global financial services company Citigroup. Citibank, its retail banking arm, is headquartered in Sioux Falls, South Dakota. More than 1,800 Citibank branches are located outside of the United States, and there are roughly 700 branches inside. Customers in the United States have access to more than 65,000 fee-free ATMs. Read the Citibank review at Bankrate.
$1.67 trillion in assets
Corporate: New York
American Bancorp
The parent firm of U.S. Bank and its bank holding company is called U.S. Bancorp. The First National Bank of Cincinnati, which is presently the fifth-largest commercial bank by assets, was founded in 1863. The bank renowned today for its wide branch network and investments in enhancing its digital offerings was created as a result of numerous mergers. Read the U.S. Bank review at Bankrate.
$564.16 billion in assets
Corporate: Minneapolis
Truist Financial Corp
The bank known as Truist was created when BB&T and SunTrust merged as equals. About 10 million consumer homes receive financial services from Truist. As of September 30, 2019, BB&T and SunTrust were rated as the 11th and 12th largest banks by assets, respectively. Today, they combine to make up the sixth-largest bank.
Read BB&T and SunTrust's evaluations on Bankrate.
$528.51 billion in assets
Headquarters are in Charlotte, North Carolina.
Goldman Sachs Group
Global investment banking, management, and securities company Goldman Sachs. Through Marcus, its online banking division, which debuted in the fall of 2016 and started providing personal loans, its customers have access to a range of financial services, including banking products. Read Bankrate's evaluation of Goldman Sachs' Marcus.
$434.08 billion in assets
Corporate: New York
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