Assets of the banks listed here are figures provided by the Federal Deposit Insurance Corporation. In 2008, it acquired Commerce Bank and then merged with Canadian TD Banknorth. The company was founded in 1995 and operates as a subsidiary of Bank of America Corporation. BancABC; Barclays Bank; CBZ Bank Limited; CFX Bank, formerly CFX Bank; Ecobank Zimbabwe; FBC Bank; Genesis Investment Bank; NED Bank; Metropolitan Bank of Zimbabwe; Stanbic Bank; Standard Chartered Bank (Zimbabwe) African Century Bank; Peoples Own Savings Bank ; Agri Bank; Steward Bank; Zb Bank; NMB Bank; NBS Bank; … The top 10 banks hold assets of about $12 trillion. A pioneer of both the credit card industry and automated teller machines, Citibank – formerly the City Bank of New York – was regarded as an East Coast equivalent to Wells Fargo during the 19th century when both banks were purely regional. This list does not include some large commercial banks, which are not holding companies. 10. JPMorgan Chase is the sixth-largest bank in the world by total assets, with total assets of US$2.687 trillion. This publication presents the list of the best banks in America. One of the hardest hit by the crisis is Wells Fargo after its profits dropped 89% in Q1. Top 10 Biggest Banks In America. Escape will cancel and close the window. Acquired through Wachovia, it was originally granted to the First National Bank of Philadelphia. HSBC North America Holdings Total assets: $295.079 billion Deposits: $122.170 billion Employees: 12,058. By the end of 2015, Bank of America's balance sheet held $2.14 trillion in assets, compared to $2.10 trillion at the end of 2014. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. This is a modal window. Bank of New York Mellon (BNY Mellon) is the result of the merging of that firm and T. Mellon and Sons, a Pittsburgh institution that financed the steel and fuel industries. A financial advisor can help. The reason they made it on my list is because of their customer service. BB&T' and SunTrust banks merger is slated to create the sixth-largest bank in the U.S. The bank posted a full-year profit in 2019 of $8.04 per share. Here is the list of top ten biggest banks in America. PNC was an early adopter of “virtual wallet” services among traditional banks, and is known for its yearly index of the prices of items from the Christmas carol, “The Twelve Days of Christmas.”. Bank of America has around 4,500 branches across the United States, which means regardless of where you live, there is a Bank of America location near you. Early American politician and notorious duelist Aaron Burr was one of the creators of Chase Manhattan. This is a list of the largest U.S. bank failures with respect to total assets under management at the time of the bank failure (banks with $1.0 billion or more in assets are listed here). It started as a small institution serving immigrants in San Francisco at the beginning of the 1900s, that was, oddly enough, called the Bank of Italy. The list is based on the April, 2020 S&P Global Market Intelligence report of the 100 largest banks in the world. The six largest banks are Brazilian financial institutions with combined assets of over US$2.0 trillion. It is an American multinational investment bank and financial services holding company headquartered in New York City. By total assets. With assets of over $2.5 trillion, JPMorgan Chase is the largest bank in the country. For years, JPMorgan Chase, Bank of America, Wells Fargo, and Citi have dominated the industry, and this year is no different. A few interesting stats: The FDIC lists 5,083 banks in total in this report. 1 of 11. Today, the bank has 700 branches in the U.S. and 170 in the rest of the world. To determine the most popular banks, we looked at FDIC data to see which bank has the most branches in each state. The largest banks in USA with most branches are: Wells Fargo Bank with 5319 offices, Chase Bank with 4908 offices, Bank of America with 4219 offices, U.S. Bank with 2895 offices, PNC Bank with 2311 offices, BB&T Bank with 1742 offices and Regions Bank with 1392 offices. Over the years, it has gone by the name Portland Savings Bank, Banknorth and now TD Bank. Wells Fargo holds the oldest continuously operating bank charter in the United States. The current bank is the result of many mergers and acquisitions of major regional banks, including Old National Bank, Heritage Bank, People’s National Bank, Northwestern Commercial Bank, Heart Federal Savings and Loan and West One Bancorp. Pittsburgh-based PNC is a regional financial institution operating mostly on the East Coast. We've found that it's harder than it should be to obtain a current list of the biggest banks by asset size, so we decided to put it here — data straight from the FDIC in June 2020. 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