Banks In United States Of America

August 10, 2022 Mathias Bright Banking Comments Off on Banks In United States Of America

The United States is one of the countries with the best economy in the world and with this, it has given room for the establishment of so many banks in the country. According to Wikipedia, there are about 100 banks in United State and this alone is massive compared to other countries out there. Probably, this is why the country can compete in almost everything you can ever think of. Most of these banks have helped in financing and giving out loans to smaller companies who end up contributing to the country’s GDP.

Banking in the united state could be traced back to the year the 1780s along with the country’s founding which has developed into a complex dynamic system of banking and finance today. This system of finance was centered on private banking, asset management, and deposit security.

All of this could be traced back to 1780 when the bank of Pennsylvania was founded to fund the American revolutionary war, during that time, merchants of the thirteen colonies needed a currency as a medium of exchange, and the Bank of North America was opened to facilitate more advanced financial transactions. 

In this article, we’re going to look at different Banks in the United States Of America, their Rank, Headquarters location, Total assets (billions of US$), Market capitalization (billions of US$), and many more.

So without wasting much time, let us dive into the List Of Banks In The United States Of America and which of the banks are considered The Best Banks In The United States Of America.

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Banks In United States Of America

List Of The Largest Banks In The United States Of America

There are over 100 functioning banks in the united state. Below is the list of the largest banks in the united state and their Rank, Headquarters location, Total assets (billions of US$), Market capitalization (billions of US$), and many more.

 
Rank Bank name Headquarters location Total assets
(billions of US$)		 Market capitalization
(billions of US$)
1 JPMorgan Chase New York City, New York $3,758 $488.47
2 Bank of America Charlotte, North Carolina $3,085 $325.33
3 Citigroup New York City, New York $2,362 $123.94
4 Wells Fargo San Francisco, California $1,955 $197.00
5 Goldman Sachs New York City, New York $1,443 $100.70
6 Morgan Stanley New York City, New York $1,190 $182
7 Charles Schwab Corporation Westlake, Texas $607.5 $105.62
8 U.S. Bancorp Minneapolis, Minnesota $567.5 $85.07
9 PNC Financial Services Pittsburgh, Pennsylvania $554.5 $85.08
10 Truist Financial Charlotte, North Carolina $529.9 $84.69
11 TD Bank, N.A. Cherry Hill, New Jersey $514.4 $105.70
12 The Bank of New York Mellon New York City, New York $470.5 $36.66
13 Capital One McLean, Virginia $425.4 $45.71
14 TIAA New York City, New York $338.8 N/A
15 State Street Corporation Boston, Massachusetts $323.1 $25.65
16 HSBC Bank USA New York City, New York $253.9 N/A
17 USAA San Antonio, Texas $211.7 N/A
18 Fifth Third Bank Cincinnati, Ohio $207.7 $21.21
19 BMO Harris Bank Chicago, Illinois $195.1 N/A
20 SVB Financial Group Santa Clara, California $191 $26.65
21 UBS New York City, New York $188.4 $53.83
22 Citizens Financial Group Providence, Rhode Island $187.5 $15.83
23 KeyCorp Cleveland, Ohio $187.2 $17.04
24 American Express New York City, New York $184.3 $93.52
25 Ally Financial Detroit, Michigan $179.2 $14.49
26 Huntington Bancshares Columbus, Ohio $173.9 N/A
27 Barclays New York City, New York $173.6 N/A
28 Ameriprise Minneapolis, Minnesota $170.7 $22.66
29 Northern Trust Chicago, Illinois $169.1 $19.50
30 MUFG Union Bank New York City, New York $164.6 N/A
31 RBC Bank Toronto, Ontario $164 N/A
32 BNP Paribas / Bank of the West San Francisco, California $159.2  
33 Regions Financial Corporation Birmingham, Alabama $156.4 $17.05
34 Santander Bank Boston, Massachusetts $155.9 N/A
35 M&T Bank Buffalo, New York $151.9 $17.61
36 Deutsche Bank New York City, New York $124.7 N/A
37 Discover Financial Riverwoods, Illinois $108.5 $26.65
38 Credit Suisse New York City, New York $105.9 N/A
39 Comerica Dallas, Texas $94.7 $8.37
40 Synchrony Financial Stamford, Connecticut $91.9 $20.66
41 First Horizon National Corporation Memphis, Tennessee $88.5 $7.78
42 Popular, Inc. San Juan, Puerto Rico $74.2 $4.85
43 People’s United Financial Bridgeport, Connecticut $63.7 $6.14
44 Raymond James Financial St. Petersburg, Florida $61.9 $13.58
45 East West Bank Pasadena, California $60.96 $8.61
46 CIBC Bank USA Chicago, Illinois $60.6 N/A
47 New York Community Bank Westbury, New York $57.9 $5.09
48 First Citizens BancShares Raleigh, North Carolina $56.9 $5.92
49 Synovus Columbus, Georgia $55.5 $5.59
50 CIT Group New York City, New York $54.4 $3.79
51 Western Alliance Bank Phoenix, Arizona $52.8 $7.01
52 Mizuho Financial Group New York City, New York $48.8 N/A
53 Cullen/Frost Bankers, Inc. San Antonio, Texas $47.98 N/A
54 Wintrust Financial Rosemont, Illinois $47.8 $3.63
55 BOK Financial Corporation Tulsa, Oklahoma $46.98 $5.41
56 John Deere Capital Corporation Reno, Nevada $43.3 $4.34
57 Valley National Bank Wayne, New Jersey $41.3 $4.34
58 South State Bank Winter Haven, Florida $40.9 $4.34
59 FNB Corporation Pittsburgh, Pennsylvania $39.4 $3.30
60 UMB Financial Corporation Kansas City, Missouri $37.6 $3.46
61 Pinnacle Financial Partners Nashville, Tennessee $36.5 $5.54
62 Prosperity Bancshares Houston, Texas $36.5 $6.34
63 Texas Capital Bank Dallas, Texas $36.4 $3.21
64 PacWest Bancorp Los Angeles, California $35.9 $3.66
65 Webster Bank Stamford, Connecticut $35.4 $4.54
66 Hancock Whitney Gulfport, Mississippi $35.3 $3.16
67 BankUnited Miami Lakes, Florida $35.3 $3.32
68 Commerce Bancshares Kansas City, Missouri $34.5 $8.20
69 Associated Banc-Corp Green Bay, Wisconsin $34.4 $2.89
70 MidFirst Bank Oklahoma City, Oklahoma $31.3 $3.66
71 Umpqua Holdings Corporation Portland, Oregon $30.9 $3.41
72 Stifel St. Louis, Missouri $30.8 $5.30
73 Sterling Bancorp Montebello, New York $30 $3.73
74 United Bank (West Virginia) Charleston, West Virginia $27.5 $4.35
75 FirstBank Holding Co Lakewood, Colorado $27.4 N/A
76 Investors Bank Short Hills, New Jersey $27.4 $2.88
77 Flagstar Bank Troy, Michigan $27 $2.48
78 Arvest Bank Bentonville, Arkansas $26.5 N/A
79 Fulton Financial Corporation Lancaster, Pennsylvania $26.3 $2.31
80 First National of Nebraska Omaha, Nebraska $25.8 N/A
81 First Hawaiian Bank Honolulu, Hawaii $25.5 $3.13
82 SMBC Americas Holdings Inc. New York City, New York $25.3  
83 Old National Bank Evansville, Indiana $24 $2.90
84 Simmons Bank Pine Bluff, Arkansas $23.2 $2.79
85 Bank of Hawaii Honolulu, Hawaii $22.97 $3.24
86 Ameris Bancorp Atlanta, Georgia $22.5  
87 First Midwest Bank Chicago, Illinois $21.8 $1.99
88 Glacier Bancorp, Inc Kalispell, Montana $21.3  
89 First BanCorp San Juan, Puerto Rico $21.26 $2.98
90 Pacific Premier Bancorp Inc. Irvine, California $21  
91 BCI Financial Group, Inc. Miami, Florida $20.6  
92 Atlantic Union Bank Richmond, Virginia $19.9 N/A
93 Cathay Bank Los Angeles, California $19.86 $2.88
94 Cadence Bank Houston, Texas $19.8 N/A
95 Washington Federal Seattle, Washington $19.7 $2.11
96 Central Bancompany, Inc Jefferson City, Missouri $19.5  
97 United Community Bank Greenville, South Carolina $19.5  
98 First Interstate Bancsystem, Inc. Billings, Montana $19.4  
99 Customers Bancorp, Inc Wyomissing, Pennsylvania $19.1  
100 EB Acquisition Company LLC Dallas, Texas $19.05


The Top 15 Banks In the United States

  • JPMorgan Chase & Co
  • Bank Of America
  • Wells Fargo & Co
  • Citigroup Inc
  • The Goldman Sachs Group, Inc
  • Morgan Stanley
  • U.S. Bancorp
  • PNC Financial Services Group, Inc
  • The Bank of New York Mellon Corporation
  • Capital One Financial Corporation
  • Silicon Valley Bank
  • HSBC North America Holdings Inc
  • Fifth Third Bancorp
  • Bank of New York Mellon Corp
  • Capital One Financial Corp

Banking Structure In The United State

The banking system in the united state is quite different from what you’ll find in other countries around the world. The banking system is a very competitive one because the banks are categorically place. From the larger banks to the smaller banks which can amount to thousand of banks you can find in the country.
In other countries, you might discover that the are categorically place as major and minor banks while in the united state, the banking structure keeps evolving that is why we see that every year there is a major change among the top 10 banks. But as at the time of writing this article, Bank of America Corporation, Citigroup Inc., JPMorgan Chase & Co., U.S. Bancorp, Wells Fargo & Co. Are the top banks in the US.


Conclusion

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