The Big Players: Breaking Down the Top 20 Biggest Banks in America

Ranking the Top 20 Richest and Largest Banks in the America

Banks are an essential part of the financial system. The bigger the bank, the larger the service you get. You get access to an extensive ATM network, convenient products and services, and, most importantly, assurance that your money is safe.
The banks provide services to individuals and businesses; size doesn't matter. The services are managing deposits, lending, wealth management, currency exchange etc.

Here is the list of Best banks in America that hold Americans' trust.

1- JP Morgan Chase Bank:

The largest bank in the U.S. and the world by market capitalization. In 1799, Chase Manhattan Company was founded, and in 1871, JPMorgan & co. was established by JP Morgan. The two merged in 2000 to offer a wide range of financial services.

Headquarters: New York
Assets: As of 2023, the total assets count to $3.89 trillion
Total number of branches and ATMs: It has around 4,700 branches in 49 states and over 15,000 ATMs.
Best Credit Card: JP Morgan Reserve Card is the most exclusive credit card issued to chase private bank customers. It is made out of a rare chemical element, Palladium.
Other credit cards issued by the banks are:
- Slate Edge
- Chase Sapphire Reserve
- Chase Freedom Unlimited
- Chase Freedom Rise

2. Bank of America:

It is the second-largest bank in America. It was founded in 1998 with the merger of Bank America and Nations Bank.

Headquarters: North Carolina
Assets: As of March 2023, the bank's total assets are $3,1 trillion.
Total number of branches and ATMs: It has around 3,900 branches and 16,000 ATMs
Best Credit Card:
- Customized Cash Rewards
- Unlimited Cash Reward Credit card
- Travel Rewards Credit cards

3. Citi Group:

It is the third-largest bank in America. It was founded on October 8, 1998, with a merger of Citicorp. The bank holding company for Citibank and Travelers.

Headquarters: New York City
Assets: $2.3 trillion as of March 2023.
Total number of branches and ATMs: It has 650 branches and more than 65,000 ATMs.
Best Credit Card:
- Citi Diamond Preferred Card
- Citi Simplicity Card
- Citi Premier Card

4. Wells Fargo:

Wells Fargo was established in 1998 with the merger of Wells Fargo & Company and North West Corporation. Wells Fargo's founders are Henry Wells and William Fargo.

Headquarters: San Francisco, California
Asset: As of 2022, the bank's total assets are $1.875 trillion.
Total number of branches and ATMs: It has about 4,500 branches and over 12,000 ATMs.
Best Credit Card:
- Wells Fargo Reflect Card-Best for Balance Transfer
- Wells Fargo Active Card- Best for flat-rate cash back
- Bilt World Elite Mastercard-Best for travel rewards

5. U.S. Bancorp:

The bank was founded on July 13, 1863. It operates under the oldest charter granted in 1863. After its establishment, multiple mergers led to today's U.S. Bancorp.

Headquarters: Minneapolis, Minnesota
Assets: $674.805 billion
Total number of branches and ATMs: It has about 3,106 branches and 4,842 ATMs.
Best Credit Card:
- U.S. Bank Altitude Connect Visa signature card- The overall best card
- U.S. Bank Shopper Cash Rewards- Best to choose bonus categories
- U.S. Bank Altitude - Best premium card

6. PNC Finacial Services:

It was founded on April 10, 1845, and started to operate on January 28, 1852. It is one of the biggest Small Business Administration (SBA) lenders and one of the largest credit card issuers.

Headquarters: Pittsburgh, Pennsylvania
Assets: $557 billion as of 2022
Total number of branches and ATMs: It has 2,629 branches and 9,523 ATMs
Best Credit Card:
- PNC Core Visa Credit card
- PNC Cash Rewards Visa Credit Card
- PNC Points Visa Credit Card
- PNC Business Options Visa Signature Credit Card

7. Truist Finacial:

It was formed with a merger of BB&T and Sun Trust Banks in 2019. It is one of America's top 10 largest banks and the seventh largest insurance broker globally.

Headquarters: Charlotte, North Carolina
Assets: Its assets count to $555.255 Billion
Total number of branches and ATMs: It operates about 2,781 branches and 3000 ATMs.
Best Credit Card:
- Truist Enjoy Cash-Secured Credit Card
- Truist Enjoy Beyond Credit Card
- Truist Enjoy Travel Credit Card
- Truist Enjoy Travel Credit Card

8. Goldman Sachs:

It was founded in 1869 and is the second-largest investment bank in the world by revenue. Sachs offers consumer banking products and wealth management through Marcus.

Headquarters: New York
Assets: $1.44 trillion, as of 2022
Total number of branches and ATMs: 0
Best Credit Card: Apple Card

9. Capital One:

It has more ATMs than any bank. Capital One was initially founded on July 21, 1994, in Virginia. Capital One is the third largest issuer of Visa and Mastercard credit cards.

Headquarters: Virginia
Asset: $444.24 billion, as of 2022
Total number of branches and ATMs: It has 80,000 ATMs and 300 branches.
Best Credit Card:
- Capital One Venture X Rewards Credit Card
- Capital One Venture Rewards Credit Card
- Capital One Savor One Cash Rewards Credit Card

10. T.D. Bank:

Toronto-Dominian Bank was created on February 1, 1955, with the merging of the Bank of Tronto and The Dominion Bank. T.D. Group Holding is the U.S. commercial bank carved out of Canada's T.D. Bank Group.

Headquarters: New Jersey
Assets: $1.92 trillion
Total number of branches and ATMs: It has about 1,100 branches and 2,600 ATMs
Best Credit Card:
- T.D. Cash Credit card
- TD First Class Credit Card
- TD Cash Secured Credit Card

11. Bank of New York Mellon:

It was formed from the merger of The Bank of New York, which is the oldest bank in the world, and the Mellon Financials.

Headquarters: New York
Asset: $405.8 Billion
Total number of branches and ATMs: It operates about 29 branches in 17 states of America

12. State Street:

It was founded on June 25, 1792. In 1993, the company created the first exchange-traded fund, SPDR S&P 500 Trust ETF, one of the world's largest ETF providers.

Headquarters: Boston
Asset: $ 37.6 Billion
Total number of branches and ATMs: It has about 2,100 ATMs
Best Credit Card: State Street Visa reward Credit Card

13. BMO:

The Bank of Montreal was founded in 1882 and named N.M. Harris &Co. It is a subsidiary of Canadian BMO.

Headquarters: Chicago
Asset: $265.45 billion
A total number of branches and ATMs: It has more than 500 branches and 40,000 fee-free ATMs. It has 500 branches and more than 40,000 ATMs in the U.S.
Best Credit Card:
- BMO CashBack World Elite Mastercard
- BMO Eclipse Visa Infinite Card
- Students BMO Cashback Mastercard

14. First Citizen Bank:

The bank was established as Smithfield on March 1, 1898. In its 125 years, the bank has acquired about 39 banks.

Headquarters: Raleigh, North Carolina
Assets: $209 Billion
Total number of branches and ATMs: It has over 500 branches in 23 states.
Best Credit Card:
- First Citizen Banks Travel Reward Credit Cards
- First Citizen Banks Cash Rewards Credit Card
- First Citizen Banks Rewards Credit Card

15. Fifth Third Bank:

The bank was formed with a merger of Third National Bank and Fifth National Bank on June 1, 1908.

Headquarters: Ohio
Asset: $211.12 Billion
Total number of branches and ATMs: It has more than 1,100 branches and 40,000 or more ATMs.
Best Credit Card: Fifth Third Secured card

16. M&T Bank:

Manufacturers and Traders Trust Company was founded on August, 29th 1856. It was the only bank that kept its dividends the same during the financial crisis of 2008.

Headquarters: Buffalo
Asset: $202.36 Billion
Total number of branches and ATMs: It has about 700 branches and 1,800 ATMs.
Best Credit Card:
- M&T Visa Signature Credit Card
- M&T Business Rewards Credit Card

17. Huntington National Bank:

It was formed by P.W. Huntingon in 1866.

Headquarters: Ohio
Assets: $175 billion
Total number of branches and ATMs: It has more than 1,000 branches and 1,600 ATMs.
Best Credit Card:
- The Ohio State Voice Credit Card
- Huntington Bank Voice Rewards
- Huntington Cashback Credit Card

18. American Express National Bank:

It was founded as an express mail dispatcher in 1850. Today, it has a worldwide market share of 4.61%

Headquarters: New York
Asset: $228.35 billion
Total number of branches and ATMs: It has about 40,000 ATMs
Best Credit Card:
- Delta SkyMiles Reserve American Express Card
- Hilton Honors Aspire Card from American Express
- American Express Green Card

19. Ally Bank:

It was founded in 1919 by General Motors to provide financing to automotive customers.

Headquarters: Detroit
Asset: $191.826 billion
Total number of branches and ATMs: It has about 1,000 branches and 1,600 ATMs
Best Credit Card:
- The Ally Platinum Mastercard
- The Ally Unlimted Cash Back Mastercard
- The Ally Everyday Cash Back Mastercard

20. HSBC Bank USA:

It is an American subsidiary of the British banking group HSBC.

Headquarters: NewYork
Assets: $169.49 billion
Total number of branches and ATMs: It has 22 branches in six states and more than 40,000 ATMs.
Best Credit Card: HSBC Premier World Mastercard credit card

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02 Dec, 2023