February 23, 2024

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Which are the largest banks in the United States and what is the size of their assets

Which are the largest banks in the United States and what is the size of their assets

In recent days, Silicon Valley Bank (SVB) has been in the news. This after the crash, it became The second largest bank failure in US history. As of December 31, 2022, SVB is the 16th largest bank in the country by total assets.

Another bank making the news is Signature Bank, The second largest bank to fail so far in 2023 and the third largest bank failure in history. As of December 31, 2022, it was the twenty-ninth largest bank in the American Federation. What are the biggest banks? We explain.

Which are the largest banks in the United States and what is the size of their assets

From time to time, there are changes in the list of banks that own the most assets in the United States. Larger banks swap their positions, while smaller banks drop off the list or are replaced. As of December 31 of last year, The 15 largest banks in the United States had total assets of $13.4 trillion.

According to Federal Reserve figures, These are the largest banks in the United States:

c. B. Morgan Chase

Chase Bank is the consumer banking division of JPMorgan Chase. It currently has more than 4,700 campuses in the 48 contiguous United States.

  • Assets: $3.20 trillion
  • Headquarters: New York

American bank

Bank of America serves nearly 67 million consumer and small business customers around the world in more than 3,800 branches.

  • Assets: 2.41 trillion
  • Headquarters: Charlotte, North Carolina

You may be interested: What happens to your money if a bank goes bankrupt and fails in the US?

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Citigroup

Citigroup is a global financial services company. The Retail Banking Division has approximately 660 branches in the United States. Customers in the US can also access over 65,000 ATMs for free.

  • Assets: 1.77 trillion
  • Headquarters: New York

Wells Fargo

The bank was established in 1852 and has more than 4,600 branches in the country.

  • Assets: $1.72 trillion
  • Headquarters: San Francisco

United States Bancorp

US Bancorp is the bank’s holding company and parent company of US Bank, the fifth largest commercial bank by assets.

  • Assets: $585.14 trillion
  • Headquarters: Minneapolis

The rest of The largest US banks include:

  • BNC Financial Services | Assets: $552.31 trillion
  • Trust Bank | 546.23 billion dollars
  • Goldman Sachs | 486.97 billion dollars
  • Capital One | 453.31 trillion
  • TD Group US Holdings | 386.80 billion dollars

On the Federal Reserve website you can check Complete list of the largest banks in the United States.