Largest Banks in USA

The banking system of the United States is regulated at both the Central and State levels and unlike most countries the United States maintains separate regulatory agencies for securities, commodities, and insurance at the central and state levels. The Federal Reserve system was established in the year 1913 as the central banking system of the United States. According to the Federal Financial Institutions Examination Council, there are 4,071 commercial banks and 574 savings and loan associations in the United States at present. The following table shows the list of the top 100 banks in the United States, in the order of the Total Assets as on 30 th September 2023:

Top 100 Largest Banks in USA

Rank	Bank name	Headquarters	Total Assets (in billion US$)	Market Capitalization (in billion US$)
1	JPMorgan Chase	New York City	$3,868	$431.38
2	Bank of America	Charlotte	$3,153	$230.33
3	BNP Paribas	New York City	2,891.52	$69.90
4	Citigroup	New York City	$2,423	$84.56
5	Santander Bank	Boston	$1,941.450	$64.30
6	Barclays	New York City	$1,940.3	$25.25
7	Wells Fargo	San Francisco	$1,876	$158.18
8	Goldman Sachs	New York City	$1,577	$110.42
9	TD Bank, N.A	Cherry Hill, New Jersey	$1,413.985	$110.60
10	Morgan Stanley	New York City	$1,164	$128.10
11	BMO USA	Chicago	$942.23	$57.98
12	CIBC Bank USA	Chicago	$711.64	$35.88
13	U.S. Bancorp	Minneapolis	$668.04	$56.60
14	Credit Suisse	New York City	$575.18	$3.56
15	PNC Financial Services	Pittsburgh	$558.20	$49.08
16	Truist Financial	Charlotte	$554	$41.69
17	Charles Schwab Corporation	Westlake, Texas	$475.20	$100.50
18	Capital One	McLean, Virginia	$471.435	$41.13
19	The Bank of New York Mellon	New York City	$405.24	$35.95
20	State Street Corporation	Boston	$284.41	$21.43
21	MUFG Americas Holdings Corporation	New York City	$267.6	$106.13
22	American Express	New York City	$250.58	$114.80
23	Citizens Financial Group Providence	Rhode Island	$225.3	$11.632
24	HSBC Bank USA	New York City	$223	$117.85
25	First Citizens BancShares	Raleigh, North Carolina	$213.76	$20.16
26	Fifth Third Bank	Cincinnati	$212.97	$17.09
27	M&T Bank Buffalo	New York	$209.12	$19.46
28	USAA	San Antonio	$200	–
29	Sumitomo Mitsui Banking Corporation	New York City	$196.5	$65.23
30	Ally Financial	Detroit	$195.70	$8.32
31	KeyCorp	Cleveland	$187.8	$11.24
32	Huntington Bancshares	Columbus, Ohio	$186.65	$15.77
33	Mizuho Financial Group	New York City	$183.8	$43.66
34	Ameriprise	Minneapolis	$175	$34.90
35	Regions Financial Corporation	Birmingham, Alabama	$153.62	$14.95
36	RBC Bank	Toronto	$147	$128.80
37	Northern Trust	Chicago	$146.3	$15.39
38	Deutsche Bank	New York City	$143.5	$23.38
39	Discover Financial	Riverwoods, Illinois	$143.43	$21..46
40	Synchrony Financial	Stamford, Connecticut	$112.93	$12.62
41	New York Community Bank	Hicksville, New York	$111.23	$6.65
42	UBS	New York City	$110.23	$71.44
43	John Deere	Reno, Nevada	$103.39	$107.89
44	Comerica	Dallas	$85.70	$5.87
45	First Horizon National Corporation	Memphis, Tennessee	$82.53	$6.97
46	Raymond James Financial	St. Petersburg, Florida	$77.63	$21.63
47	Webster Bank	Stamford, Connecticut	$73.13	$7.37
48	Western Alliance Bancorporation	Phoenix, Arizona	$70.89	$5.26
49	Popular, Inc.	Puerto Rico	$69.73	$5.20
50	East West Bank	Pasadena, California	$68.28	$8.48
51	Valley National Bank	Wayne, New Jersey	$61.18	$4.36
52	Synovus	Columbus, Georgia	$59.34	$4.32
53	Wintrust Financial	Rosemont, Illinois	$55.55	$5.06
54	Columbia Bank	Tacoma, Washington	$51.98	$4.72
55	Old National Bank	Evansville, Indiana	$49.05	$4.34
56	BOK Financial Corporation	Tulsa, Oklahoma	$48.93	$4.73
57	Cullen/Frost Bankers, Inc.	San Antonio	$48.74	$6.32
58	Pinnacle Financial Partners	Nashville, Tennessee	$47.52	$5.50
59	FNB Corporation	Pittsburgh	$45.49	$4.23
60	South State Bank	Winter Haven, Florida	$44.98	$5.68
61	Associated Banc-Corp	Green Bay	$41.63	$2.71
62	UMB Financial Corporation	Kansas City, Missouri	$41.46	$3.51
63	Prosperity Bancshares	Houston	$39.29	$5.51
64	Stifel	St. Louis	$37.87	$6.24
65	PacWest Bancorp	Los Angeles	$36.87	$0.97
66	Hancock	Whitney Gulfport, Mississippi	$36.29	$3.50
67	MidFirst Bank	Oklahoma City	$36	$3.66
68	TIAA	New York City	$36	$4.55
69	BankUnited	Miami Lakes, Florida	$35.38	$1.87
70	Commerce Bancshares	Kansas City, Missouri	$31.37	$6.06
71	First Interstate BancSystem	Billings, Montana	$30.54	$2.68
72	Texas Capital Bank	Dallas	$29.62	$2.73
73	United Bank (West Virginia)	Charleston, West Virginia	$29.22	$4.41
74	First National of Nebraska	Omaha, Nebraska	$29	$3.39
75	FirstBank Holding Co	Lakewood, Colorado	$28	NA
76	Glacier Bancorp	Kalispell, Montana	$28.06	$3.76
77	SoFi	San Francisco	$27.97	$7.17
78	Simmons Bank	Pine Bluff, Arkansas	$27.56	$2.04
79	Fulton Financial Corporation	Lancaster, Pennsylvania	$27.38	$2.31
80	Arvest Bank	Bentonville, Arkansas	$27	NA
81	United Community Bank	Greenville, South Carolina	$26.86	$2.95
82	Beal Bank	Plano, Texas	$26.1	$3.0
83	BCI Financial Group	Miami	$26	NA
84	Ameris Bancorp	Atlanta	$25.69	$2.96
85	First Hawaiian Bank	Honolulu	$24.91	$2.48
86	Bank of Hawaii	Honolulu	$23.54	$2.25
87	Cathay Bank	Los Angele	$22.84	$2.72
88	Washington Federal	Seattle	$22	$1.98
89	Home BancShares	Conway, Arkansas	$21.95	$4.44
90	Customers Bancorp	Wyomissing, Pennsylvania	$21.85	$1.33
91	Eastern Bank	Boston	$21.14	$2.21
92	Axos Financial	Las Vegas	$20.82	$2.64
93	Atlantic Union Bank	Richmond, Virginia	$20.73	$2.40
94	Pacific Premier	Bancorp Irvine, California	$20.27	$2.14
95	Heartland Financial USA	Dubuque, Iowa	$20 .12	$1.31
96	Hope Bancorp	Los Angeles	$20.07	$1.19
97	WSFS Bank	Wilmington, Delaware	$20.04	$2.55
98	Independent Bank	Rockland, Massachusetts	$19.36	$2.47
99	Central Bancompany	Jefferson City, Missouri	$18	$3.16
100	First BanCorp	San Juan, Puerto Rico	$11.97	$1.33

References:

1. https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States

2. https://companiesmarketcap.com/

3. Financial Statements of all the banks.

Top 10 Market Leader on the basis of Asset Valution

JP Morgan Chase leads the market by owning total asset worth 3,868 billion US$. Bank of America maintains the 2nd Rank, however BNP Paribas beats the Citigroup and won the 3rd position by increasing the value of asset to 2,891.52 billion US$. Goldman Sachs lost the 5th position to Santander Bank and Barclays enjoys new position at 6th rank. Morgan Stanley degraded to 10th rank from 6th position at the end of 3rd quarter’2023.

Top 10 Banks Ranked as per Market Capitalization

JPMorgan Chase leads the banking industry in USA in this regard by increasing it’s market capitalization from 430.97 billion US$ to 431.38 billion US$. Bank of America is the bank with second largest market capitalization of 230.33 Billion US$. Wells Fargo enjoys the 3rd position (158.18 US$) and there is a cut throat competition between Morgan Stanley (128.10 billion US$) and RBC Bank (128.80 billion US$) for the next position. HSBC Bank hols the 6th position in the list with market capitalization worth 117.85 billion US$. Next is American Express to hold 7th rank for the value of 114.80 billion US$. Again there is a steep competition between TD Bank, N.A (110.60 billion US$) and Goldman Sachs (110.42 billion US$). John Deere holds the 10th rank for 107.89 billion US$ in this regard.

Top 10 Banks of USA on the Basis of thier Overall Performance

• JPMorgan Chase
• Bank of America
• Citigroups
• Wells Fargo
• U.S Bancorp
• Truist Financial
• PNC Financial Services
• Goldman Sachs
• Capital One
• TD Bank, N.A