List of largest banks in the United States

The following table lists the 100 largest bank holding companies in the United States ranked by total assets of September 30, 2023 per the Federal Financial Institutions Examination Council; their market capitalization is also shown.

As of October 19, 2023, there were 4,049 commercial banks and 565 savings and loan associations in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$23.4 trillion in assets.[1] There are a few other banks not FDIC insured, e.g. Bank of North Dakota (state-owned bank).

The list excludes the following three banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council because they are not holding companies: Zions Bancorporation ($87 billion in assets), Cadence Bank ($48 billion in assets) and Bank OZK ($30 billion in assets).[2]

  Foreign banks with branches in the US
  Defunct or acquired

Rank Bank name Headquarters location Total assets
(billions of US$)[3] 		CET1
capital
requirement
(2022)[4][5] 		Market capitalization
(billions of US$)[6]
1 JPMorgan Chase New York City $3,874 12.0 $430.973
2 Bank of America Charlotte, North Carolina $3,181 10.4 $252.05
3 Citigroup New York City $2,412 11.5 $91.89
4 Wells Fargo San Francisco, California $1,932 9.2 $167.58
5 Goldman Sachs New York City $1,642 13.3 $118.10
6 Morgan Stanley New York City $1,194 13.3 $151.00
7 U.S. Bancorp Minneapolis, Minnesota $663 7.0 $59.65
8 PNC Financial Services Pittsburgh, Pennsylvania $562 7.4 $53.78
9 Truist Financial Charlotte, North Carolina $535 7.0 $43.53
10 TD Bank, N.A. Cherry Hill, New Jersey $523 7.0 $119.26
11 Charles Schwab Corporation Westlake, Texas $493 7.0 $119.56
12 Capital One McLean, Virginia $478 7.6 $44.23
13 The Bank of New York Mellon New York City $410 8.5 $35.03
14 State Street Corporation Boston, Massachusetts $297 8.0 $23.93
15 BMO USA Chicago, Illinois $293 7.9 $65.43
16 American Express New York City $261 7.0 $124.20
17 Citizens Financial Group Providence, Rhode Island $222 7.9 $14.85
18 HSBC Bank USA New York City $220 10.9 $165.28
19 Fifth Third Bank Cincinnati, Ohio $215 7.0 $19.42
20 First Citizens BancShares Raleigh, North Carolina $214 – $20.32
21 USAA San Antonio, Texas $212 – N/A
22 M&T Bank Buffalo, New York $208 9.2 $22.71
23 Ally Financial Detroit, Michigan $196 7.0 $9.00
24 UBS New York City $195 9.3 $71.44
25 Huntington Bancshares Columbus, Ohio $189 7.8 $17.52
26 KeyCorp Cleveland, Ohio $188 7.0 $11.02
27 Barclays New York City $187 8.8 $31.18
28 Ameriprise Minneapolis, Minnesota $175 – $35.80
29 RBC Bank Toronto, Ontario $168 7.9 $135.63
30 Santander Bank Boston, Massachusetts $165 8.2 $63.69
31 Regions Financial Corporation Birmingham, Alabama $153 7.0 $18.97
32 Discover Financial Riverwoods, Illinois $152 7.0 $26.90
33 Northern Trust Chicago, Illinois $151 7.0 $16.33
34 Synchrony Financial Stamford, Connecticut $117 – $14.82
35 New York Community Bank Hicksville, New York $114 – $8.82
36 Deutsche Bank New York City $114 9.0 $23.53
37 Comerica Dallas, Texas $86 – $6.85
38 First Horizon National Corporation Memphis, Tennessee $82 – $7.37
39 Raymond James Financial St. Petersburg, Florida $80 – $23.42
40 Mizuho Financial Group New York City $78 $40.78
41 Webster Bank Stamford, Connecticut $75 – $7.98
42 CIBC Bank USA Chicago, Illinois $72 – $40.58
43 Western Alliance Bancorporation Phoenix, Arizona $71 – $5.48
44 Popular, Inc. San Juan, Puerto Rico $69 – $4.95
45 East West Bank Pasadena, California $69 $8.48
46 BNP Paribas New York City $61 9.6 $73.15
47 Valley Bank Wayne, New Jersey $61 $4.94
48 Synovus Columbus, Georgia $60 $4.78
49 John Deere Reno, Nevada $59 $4.34
50 Wintrust Financial Rosemont, Illinois $56 $5.14
51 Columbia Bank Tacoma, Washington $52 $4.64
52 Cullen/Frost Bankers, Inc. San Antonio, Texas $51 $7.53
53 BOK Financial Corporation Tulsa, Oklahoma $50 $6.10
54 Old National Bank Evansville, Indiana $49 $4.61
55 Pinnacle Financial Partners Nashville, Tennessee $48 $5.63
56 FNB Corporation Pittsburgh, Pennsylvania $46 $4.55
57 South State Bank Winter Haven, Florida $45 $5.76
58 UMB Financial Corporation Kansas City, Missouri $44 $3.39
59 Associated Banc-Corp Green Bay, Wisconsin $41 $2.79
60 Prosperity Bancshares Houston, Texas $39 $5.83
61 Banc of California, Inc.[7] Los Angeles, California[8] $39 – N/A
62 Stifel St. Louis, Missouri $38 $6.92
63 Midland Oklahoma City, Oklahoma $37 $3.66
64 EverBank Jacksonville, Florida $36 $4.55
65 BankUnited Miami Lakes, Florida $36 $2.18
66 Hancock Whitney Gulfport, Mississippi $36 $3.71
67 Sumitomo Mitsui Banking Corporation New York City $33 N/A
68 Commerce Bancshares Kansas City, Missouri $32 $6.70
69 First National of Nebraska Omaha, Nebraska $31 $3.39
70 First Interstate BancSystem Billings, Montana $31 $2.87
71 SoFi San Francisco, California $30 $9.11
72 United Bank (West Virginia) Charleston, West Virginia $30 $4.34
73 Texas Capital Bank Dallas, Texas $28 $3.01
74 Credit Suisse[a] New York City $28 13.5 N/A
75 FirstBank Holding Co Lakewood, Colorado $28 N/A
76 Glacier Bancorp Kalispell, Montana $28 $3.66
77 Arvest Bank Bentonville, Arkansas $28 N/A
78 Beal Bank Plano, Texas $28 N/A
79 Fulton Financial Corporation Lancaster, Pennsylvania $27 $2.31
80 Simmons Bank Pine Bluff, Arkansas $27 $2.45
81 United Community Bank Greenville, South Carolina $27 $3.42
82 BCI Financial Group Miami, Florida $26 N/A
83 Ameris Bancorp Atlanta, Georgia $25 $2.86
84 First Hawaiian Bank Honolulu, Hawaii $25 $2.77
85 Bank of Hawaii Honolulu, Hawaii $24 $2.22
86 Cathay Bank Los Angeles, California $23 $2.72
87 Home BancShares Conway, Arkansas $23 $4.74
88 WAFD Seattle, Washington $23 $1.98
89 Axos Financial Las Vegas, Nevada $22 $2.64
90 Customers Bancorp Wyomissing, Pennsylvania $21 $1.33
91 Atlantic Union Bank Richmond, Virginia $21 $2.25
92 Eastern Bank Boston, Massachusetts $21 $2.51
93 WSFS Bank Wilmington, Delaware $21 $2.55
94 HTLF Bank Denver, Colorado $19 $1.44
95 Independent Bank Rockland, Massachusetts $19 $2.60
96 Hope Bancorp Los Angeles, California $20 $1.22
97 Pinnacle Bank Omaha, Nebraska $18 $3.16
98 Central Bancompany, Inc. Jefferson City, Missouri $19 $2.79
99 Independent Bank Group, Inc. McKinney, Texas $19 $1.61
100 Pacific Premier Bancorp Irvine, California $20 $2.33

See also[edit]

Notes[edit]

  1. ^ Acquired by UBS in June 2023

References[edit]

  1. ^ "FDIC Quarterly". Federal Deposit Insurance Corporation.
  2. ^ "Large Commercial Banks". Federal Reserve.
  3. ^ "Holding Companies with Assets Greater Than $10 Billion". Federal Financial Institutions Examination Council. 30 September 2022.
  4. ^ "Large Bank Capital Requirements" (PDF). August 2022.
  5. ^ "Results". Board of Governors of the Federal Reserve System. Retrieved 2023-03-13.
  6. ^ "Yahoo! Finance". Yahoo! Finance.
  7. ^ "Banc of California's PacWest Acquisition Wins Fed Approval". Bloomberg.com. 2023-10-19. Retrieved 2024-05-03.
  8. ^ "Now Headquartered in Los Angeles, Banc of California Donates $1 Million to Expand Financing Options for Small Businesses". Los Angeles Times. 2023-12-07. Retrieved 2024-05-03.
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