Top 20 Largest Banks in America by Asset Size
The banking industry in the United States is vast and diverse, with a wide range of options for consumers to choose from. When deciding on a bank to do business with, there are several factors to consider, including product offerings, branch locations, fees, and interest rates. Another important factor to consider is the size of the bank, as larger banks often offer a wider range of products and services, as well as more branch and ATM locations nationwide.
For those interested in working with a big bank, here is a list of the 20 largest banks in America by domestic asset size:
1. Chase Bank: With over 4,900 branches and 16,000 ATMs nationwide, Chase Bank is the largest bank in the U.S. offering a wide range of financial products.
2. Bank of America: Operating more than 3,700 branches and 15,000 ATMs, Bank of America is the second largest bank in the country.
3. Wells Fargo: Serving customers since 1852, Wells Fargo offers a variety of banking products and services through its 4,300 branches and 11,000 ATMs.
4. Citibank: With over $1 trillion in domestic assets, Citibank operates 654 branches and offers a range of financial products.
5. U.S. Bank: Founded in 1863, U.S. Bank is the fifth largest bank in the U.S. with over 2,300 branches nationwide.
6. PNC Bank: Serving customers for over 160 years, PNC Bank offers banking products for personal, small business, corporate, and institutional clients.
7. Truist Bank: Formed as a result of a merger between BB&T Bank and SunTrust Bank, Truist offers financial products for various clients.
8. Capital One: Originally a credit card company, Capital One now offers a full suite of financial products and services through its 278 branches and 70,000 ATMs.
9. Goldman Sachs Bank: Known for its online consumer banking division Marcus, Goldman Sachs Bank offers online savings accounts, CDs, and credit cards.
10. TD Bank: Serving over 10 million customers, TD Bank offers a range of banking products through its 1,100 branches and 2,600 ATMs.
These are just a few of the largest banks in America, each offering unique products and services to meet the needs of consumers. When choosing a bank, it’s important to consider not only the size of the institution but also the specific products and services that best fit your financial goals and needs.