List Of The Largest Banks In America 2022 [New Ranking]

Compiling the list of the Largest Banks in America is tasking going by the vast majority of successful banks established in the country’s big assets. Banks have become an integral part of human endeavor and there are hundreds of thousands established across the world.

The United States is not called the economic capital of the world for no reason; the country is home to numerous paces setting organizations across several industries.

The banking industry is lucrative and rakes in billions of dollars annually. They have their ever-loyal and patronizing customers to thank for that. There are a total of 4,983 banks in the United States according to the FDIC list.

List Of The Largest Banks In America [New Ranking]

Today, we will be considering the largest banks in the United States by asset size.

List of Largest Banks In U.S. By Assets

Rank	Name	Total Assets
1.	JPMorgan Chase Bank	$3,025,285,000
2.	Bank of America	$2,258,832,000
3.	Wells Fargo Bank	$1,767,808,000
4.	Citibank	$1,661,507,000
5.	U.S. Bank National Association	$544,774,160
6.	Truist Bank	$498,944,000
7.	PNC Bank	$463,097,309
8.	TD Bank	$401,511,800
9.	The Bank of New York Mellon	$386,515,000
10.	Capital One	$363,521,558

List Of The Largest Banks In America

From this list, we have compiled the Largest Banks in America known to have the largest assets in the country.

#1. JPMorgan Chase Bank

Asset: $3,025,285,000
Industry: Diversified Banks
Headquarters: New York City, New York

JPMorgan opens the curtain of our discussion. For years, JPMorgan Chase Bank has continually dominated as the largest bank in the U.S., and it is ranked among the Largest Banks in the World. JPMorgan Chase Bank is a multinational investment bank and financial services institution that began operation dating back to 1799 and has become one of the best banks in America and the world as well. Interestingly, the bank has a global presence operating in more than 40 countries.

Been a diversified bank, it is involved in diverse services such as retail and commercial, investment banking, asset management, private banking, private wealth management, and treasury services.

#2. Bank of America

Asset: $2,258,832,000
Industry: Diversified Banks
Headquarters: Charlotte, North Carolina

Bank of America is a renowned American multinational investment bank and financial services holding company. The bank was established through NationsBank’s acquisition of BankAmerica in 1998. Interestingly, Bank of America has grown to become a leading provider in consumer banking with over 4,600 branches and 15,900 ATMs to service its customers nationwide.

Also, Bank of America is involved in corporate and investment banking, wealth management, and investment management as well.

#3. Wells Fargo Bank

Asset: $1,767,808,000
Industry: Diversified Banks
Headquarters: New York City, New York

Wells Fargo is an American multinational financial services company with a global presence operating around the globe in more than 35 countries. Wells Fargo is involved in three main lines of business which include community banking, wholesale banking, and wealth, brokerage, and retirement. It is also one of the Largest Banks in the World by its asset.

In addition, Wells Fargo Bank operates more than 8,000 branches and 13,000 ATMs to attend to its voluminous customer.

#4. Citigroup

Assets: $1,661,507,000
Industry: Diversified Banks
Headquarters: New York City, New York

Citigroup is a leading global financial services corporation, and its subsidiary banking division, Citibank, based in Sioux Falls, South Dakota is known worldwide been one of the Largest Banks in the World owing to its global presence. The American multinational investment bank and financial services company trace its origins to 1812, and presently Citigroup operates through multiple subsidiaries in more than 160 countries.

Citibank provides branded cards, retail services, commercial banking, and mortgages. More so, the bank has approximately 700 branches within the U.S. and more than 1,800 branches around the globe. Customers can access more than 65,000 fee-free ATMs.

#5. U.S. Bank National Association

Assets: $544,774,160
Industry: Regional Banks
Headquarters: Minneapolis, Minnesota

U.S Bancorp is a gigantic financial firm known to be the bank holding company and parent company of the U.S. Bank National Association, which is ranked as America’s fifth-largest banking institution. The origin of this bank can be traced back to 1863 when it started as the First National Bank of Cincinnati.

Over time, due to multiple mergers, it has led to the formation of the bank known today for its far-reaching branch network and investment in improving its digital offerings. In addition, the bank is known to provide services such as banking, investment, mortgage, trust, and payment services through its over 3,000 branches and 4,800 ATMs across the country.

#6. Truist Bank

Assets: $498,944,000
Industry: Regional Banks
Headquarters: Charlotte, North Carolina

Truist Banks, Inc. is an American bank holding company birthed by the merger of equals of BB&T known to provide financial services such as provides consumer and commercial banking, securities brokerage, asset management, mortgage, while SunTrust Bank focused originally on deposits, lending, credit cards, and trust and investment services.

The merger of these banks now a leading banking and financial institution are known today to provide financial services to around 10 million consumer households. The regional company is today considered the sixth-largest bank.

Truist bank renders services encompassing insurance corporate and investment banking, capital market services, mortgage banking, and wealth management through its subsidiaries.

#7. PNC Bank

Assets: $463,097,309
Industry: Regional Banks
Headquarters: Pittsburgh, Pennsylvania

PNC Financial Services Group, Inc., popularly called by its acronym “PNC” is a well-known American bank holding and financial services company based in Pittsburgh, Pennsylvania. PNC Bank operates more than 2,400 branches and 9,000 ATMs in more than 19 states in the U.S.

However, the bank was founded initially as Pittsburgh Trust and Savings Co. Furthermore, in 2008 the company acquired the troubled Cleveland-based National City Corp. which further doubled the bank’s size.

Today, PNC has grown to become one of the largest financial institutions in the country rendering diverse services such as financial Services are wealth management, asset management, estate planning, loan servicing, and information processing services.

#8. TD Bank

Assets: $401,511,800
Industry: Diversified Banks
Headquarters: Cherry Hill, New Jersey

TD Bank occupies the eighth spot among the Largest Banks in America by its large asset. Interestingly, the bank is an American national bank and a commercial banking arm of Canada’s TD Bank Group.

TD Bank provides customers with high-end financial and banking services such as deposit accounts, credit cards, mortgages, and products for commercial and small business clients. In addition, the bank has approximately 1,300 branches along the East Coast of the U.S., and it is known as “America’s Most Convenient Bank” because of its flexible hours.

#9. The Bank of New York Mellon

Assets: $386,515,000
Industry: Diversified Banks
Headquarters: New York City, New York

The Bank of New York Mellon is an American investment banking services holding company which brings us nearer to the end of our discourse appearing on the ninth spot. The bank was established in 2007 from the merger of The Bank of New York and the Mellon Financial Corporation. Going down memory lane, back to when the New York Stock Exchange opened in 1792, the Bank of New York was the first company traded.

Presently, a couple of years from that time, the Bank of New York Mellon has grown to become one of the top and largest financial and banking institutions in the country. The bank is now an investment company that serves different corporations and institutions as well as individual investors. Private banking services are available for its wealthy clients.

#10. Capital One

Assets: $363,521,558
Industry: Diversified Banks
Headquarters: McLean, Virginia

Capital One is an American Financial Corporation that offers financial and banking services through its over 700 branches and 2,000 ATMs. The bank appears on the tenth spot of our list of Largest Banks in America by its asset. The bank customers in select cities are provided access to Capital One Cafes, as well coffee shops with free Wi-Fi where visitors can open accounts and attend financial workshops.

Also, Capital One operates outside the United States in other countries such as Canada and the United Kingdom. The bank is involved in the issuance of credit cards, and a key provider of auto loans, and savings accounts.

Conclusion

It has been interesting so far discussing the Largest Banks in America. These banks have the largest assets in the United States and some of them even rank among the largest and top banks in the world. Also, most of the banks enlisted and discussed above offer commercial, private, and unique services with a global presence worldwide through which they have accrued huge fortune and assets over the years.

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List Of The Largest Banks In America 2022 [New Ranking]

List of Largest Banks In U.S. By Assets