Top 20 largest banks in the US

If you want to perform all of the banking in one location, you'll benefit from having your money with a major bank because of the greater number of branches, ATMs, and goods and services available.

We looked at the domestic asset size of institutions that support both small businesses and consumers to discover the biggest banks in the United States. Customer deposit accounts and loans, mortgages, & credit card accounts make up a bank's assets.

List of top 20 largest banks in the US

The following list of the twenty largest US banks in the S&P 500 index can help you get a better understanding of the actors in the American financial and banking industries.

1. Bank of America

The Bank of America Corp, better known as BofA, is a Charlotte, North Carolina-based financial services company and investment bank that employs more than 200,000 people worldwide. With more than approximately 4,600 branches and more than 16,000 ATMs, Bank of America is the largest bank in the United States. In addition to business and investment banking, investment management, wealth management, Bank of America also provides these services.

Assets – $2.16 Trillion

Headquarters – Charlotte, North Carolina

Industry – Diversified Banks

2. JPMorgan Chase

Investment bank & financial services corporation JPMorgan Chase and Co. is based in New York City and serves clients around the world. To now, JPMorgan Chase is one of the world's biggest universal banks with a history that stretches back to 1799. This bank is active in commercial and retail banking as well as investment and asset management, wealth management and private banking for individuals and businesses, and treasury services.

Assets – $2.87 Trillion

Headquarter –  New York City

Industry – Diversified Banks

3. Morgan Stanley

Morgan Stanley is a New York City-based financial services company and investment bank. Morgan Stanley was founded in 1935 and has since developed into a global financial services firm with offices in 42 countries and over 60,000 people. There are three primary business areas for Morgan Stanley: institutional securities, investment management, and wealth management. Morgan Stanley serves clients from businesses to governments to institutions to individuals.

Assets – US$1,118 billion

Headquarter – New York City

Industry – Capital Markets

4. Wells Fargo

Wells Fargo & Corporation was founded in 1852 and is headquartered in California,  San Francisco, and incorporated in Delaware. The company has operations in 35 countries, including the United States. For the most part, the corporation focuses on three areas of business: wholesale banking, community banking and brokerage, wealth, and retirement services. Wells Fargo Bank, is the company's largest division, with over 13,000 ATMs and 8,000 branches.

Assets – $1.79 trillion

Headquarter – California,  San Francisco, and incorporated in Delaware

Industry – Diversified Banks

5. Charles Schwab

A Charles Schwab Corporation is a financial institution and stock brokerage based in San Francisco. Investors may utilize Charles Schwab's computerized trading platform, margin lending, cash management, and registered investment advisors services to buy and sell stocks, bonds, and other financial assets. It has more than 300 locations in 46 states, as well as in Puerto Rico and the United Kingdom.

Assets – $549.009 billion

Headquarter – San Francisco and California

Industry – Capital Markets

6. Citigroup

A financial services and investment bank provider based in New York, Citigroup Inc. is commonly known as Citi. Founded in 1812, Citigroup has more than 210,000 people working in more than 160 countries via several subsidiaries. Global markets, including capital origination and investment banking and corporate as well as retail banking, are served by Citigroup and its subsidiaries, including Citibank, branded cards, a variety of retail services, and commercial banking.

Assets – $2.260 trillion

Headquarter – New York City

Industry – Diversified Banks

7. Truist Financial

The purchase of SunTrust Banks, Inc. by BB&T Corporation resulted in the creation of Truist Financial. The two banks remain separate, with more than 2,000 branches in the United States. Both BB&T and SunTrust provide a wide range of financial services, including retail and business banking, asset management, securities brokerage, and mortgages. It is also a part of the capital markets, wealth management, and mortgage banking activities of Truist Financial via its subsidiaries.

Assets – $509.228 billion

Headquarter – Charlotte, North Carolina

Industry – Regional Banks

8. Goldman Sachs

The Goldman Sachs Group, Inc., based in New York City in 1869 and is one of the world's biggest international investment banks. Investment management, asset management,  securities, securities underwriting, and prime brokerage are all part of the company's scope. Goldman Sachs is a well-known market maker and principal dealer in US Treasury securities.

Assets – $1.2 trillion

Headquarter – New York City

Industry – Capital Markets

9. PNC

Financial services company and Bank holding  PNC Financial Services Group, Inc. (abbreviated as PNC) has its headquarters in Pittsburgh, Pennsylvania. As a regional bank, PNC Bank maintains a network of over 9,000 ATMs and 2,400 branches in 19 states & Wealth management, Asset management, loan servicing, estate planning, and information processing are all offered by PNC Financial Services. PNC Financial Services, Inc.

Assets – $462.39 billion

Headquarter – Pittsburgh, Pennsylvania

Industry – Regional Banks

10. U.S. Bancorp

U.S. Bancorp, a bank holding corporation founded in 1863 and based in Minneapolis, Minnesota, with more than 72,000 employees and is incorporated in the state of Delaware. United States Bancorp, Inc. is the parent business of US Bancorp, a banking, mortgage, investment, trust, and payment services provider with more than 3,000 branches in the Midwest and 4,800 ATMs. Elavon, a company that handles credit card transactions, is also owned by U.S. Bancorp.

Assets – $556.81 billion

Headquarter – Minneapolis, Minnesota

Industry – Regional Banks

11. Discover

In addition to credit cards, Discover now provides internet banking, student loans, home equity loans, and personal loans via its subsidiary, Discover Bank. Pulse debit cards & International Diners Club credit cards are owned by Discover Financial Services, which is also known as Discover Financial Services.

Assets – $111.335503 Trillion

Headquarter – Riverwoods, Illinois

Industry – Credit Services

12. Capital One

The corporate headquarters of Capital One Financial Corporation are located in McLean, Virginia. Capital One is a consumer and business bank with more than 700 locations and 2,000 ATMs in the United States, Canada, as well as the United Kingdom. One of the most prominent credit card providers, Capital One also provides vehicle loans and savings accounts.

Assets –$421.602 billion

Headquarter – McLean, Virginia

Industry – Credit Services

13. SVB

SVB, the primary component of the SVB Financial Group, is a commercial bank specializing in serving startups and innovative businesses, particularly in the technology sector. It lends money to technology businesses, venture capitalists, and high-net-worth people via private banking services. Although it started out in California's Silicon Valley, the company has grown to include operations in 29 states as well as the U.S. territories of the United Kingdom, Hong Kong, China, Germany, Israel, and Canada.

Assets – $84.48 billion

Headquarter – Santa Clara, California

Industry – Regional Banks

14. First Republic Bank

The wealth management company and, Regional bank  First Republic Bank, is the name of this corporation. In addition to personal and commercial banking, First Republic Bank's subsidiaries the First Republic Wealth Advisors & First Republic Investment Management cater to high-net-worth people via their wealth management services. In addition, the First Republic Securities Company LLC & First Republic Trust Company provide brokerage and trust services, respectively.

Assets – $181.0 billion 

Headquarter – San Francisco, California

Industry – Regional Banks

15. Synchrony

Synchrony Bank is a digital banking arm of Synchrony Financial, a consumer financial services company that specializes in loans and credit. Credit, installment loans, and personal savings are all available via Synchrony Bank's consumer finance division. In addition, it is one of the major issuers of promotional financing & loyalty programs for US companies via private label credit cards.

Assets – $85.303 Trillion

Headquarter – Stamford, Connecticut

Industry – Credit Services

16. Fifth Third Bancorp

The Fifth Third Bancorp holding company's primary subsidiary, Fifth Third Bank, is a Cincinnati-based regional bank. Ohio, Indiana, Kentucky, Michigan, Illinois, Florida, Tennessee, and West Virginia are just a few of the states where it has more than 1,100 branches & 2,400 ATMs to serve its customers. Because of the 1908 merger of its two predecessor banks, it got its name as "Three-Fifths National Bank."

Assets – $211 billion

Headquarter – Cincinnati, Fifth Third Center, Ohio

Industry – Regional Banks

17. KeyBank

At KeyCorp, a regional banking institution located in Cleveland and engaged in a wide range of financial services including commercial lending, retail banking, and small business loans. Virginia has more than 1,100 branches as well as 1,500 ATMs in 39 states, including Alaska, Connecticut, Colorado, Delaware, Idaho, Florida, Illinois, Iowa, Indiana, Maryland, Maine, Michigan, Massachusetts, Minnesota, New York, Ohio, New Jersey, Pennsylvania, Oregon, Texas, Rhode Island, Vermont, Utah, Washington, D.C., and Washington.

Assets – $186 billion

Headquarter – Cleveland, Ohio

Industry – Regional Banks

18. M&T Bank

Bank holding firm M&T Bank Corporation is based in New York, Buffalo. New York, Pennsylvania, New Jersey, Delaware, Maryland, West Virginia, Virginia, and the District of Columbia are all states where it has more than 700 branches. For private banking and investment management, M&T Bank Corporation's Wilmington Trust subsidiary offers worldwide corporate & institutional services and fiduciary services.

Assets – $143 billion

Headquarter – Buffalo, New York

Industry – Regional Banks

19. Citizens Financial Group

Citizens Bank is the retail and business banking brand of Citizens Financial Group, Inc., a regional bank. Rhode Island is home to the bank's corporate headquarters, and it has over 1,200 locations and 3,200 ATMs throughout the Northeast, including in New England states such as Connecticut and Delaware, as well as in Massachusetts, New York, and Ohio, as well as South Carolina and Pennsylvania. When the Royal Bank of Scotland Group held it, it was a huge British bank with a huge company.

Assets – $188 billion

Headquarter – Providence, Rhode Island

Industry – Regional Banks

20. Regions Financial

Regions Financial Corporation is a Birmingham, Alabama-based regional bank holding corporation. More than 1,400 locations and 1,900 ATMs are located across the Southern & Midwestern United States under Regions Bank, the company's banking arm. Other services provided by Regions Financial include trust and stock brokerage, as well as mortgages.

Assets – $147.3 billion 

Headquarter – Birmingham, Alabama

Industry – Regional Banks

List of USA Banks

JPMorgan Chase

Bank of America

Citigroup

Wells Fargo

Goldman Sachs

Morgan Stanley

Charles Schwab Corporation

U.S. Bancorp

PNC Financial Services

Truist Financial

TD Bank, N.A.

The Bank of New York Mellon

Capital One

TIAA

State Street Corporation

HSBC Bank USA

USAA

Fifth Third Bank

BMO Harris Bank

SVB Financial Group

UBS

Citizens Financial Group

KeyCorp

American Express

Ally Financial

Huntington Bancshares

Barclays

Ameriprise

Northern Trust

MUFG Union Bank

RBC Bank

BNP Paribas / Bank of the West

Regions Financial Corporation

Santander Bank

M&T Bank

Deutsche Bank

Discover Financial

Credit Suisse

Comerica

Synchrony Financial

First Horizon National Corporation

Popular, Inc.

People's United Financial

Raymond James Financial

East West Bank

CIBC Bank USA

New York Community Bank

First Citizens BancShares

Synovus

CIT Group

Western Alliance Bank

Mizuho Financial Group

Cullen/Frost Bankers, Inc.

Wintrust Financial

BOK Financial Corporation

John Deere Capital Corporation

Valley National Bank

South State Bank

FNB Corporation

UMB Financial Corporation

Pinnacle Financial Partners

Prosperity Bancshares

Texas Capital Bank

PacWest Bancorp

Webster Bank

Hancock Whitney

BankUnited

Commerce Bancshares

Associated Banc-Corp

MidFirst Bank

Umpqua Holdings Corporation

Stifel

Sterling Bancorp

United Bank (West Virginia)

FirstBank Holding Co

Investors Bank

Flagstar Bank

Arvest Bank

Fulton Financial Corporation

First National of Nebraska

First Hawaiian Bank

SMBC Americas Holdings Inc.

Old National Bank

Simmons Bank

Bank of Hawaii

Ameris Bancorp

First Midwest Bank

Glacier Bancorp, Inc

First BanCorp

Pacific Premier Bancorp Inc.

BCI Financial Group, Inc.

Atlantic Union Bank

Cathay Bank

Cadence Bank

Washington Federal

Central Bancompany, Inc

United Community Bank

First Interstate Bancsystem, Inc.

Customers Bancorp, Inc

EB Acquisition Company LLC