Top 16 largest Banks in United States

Last Updated on February 7, 2025 by admin

The size of banks in the United States is primarily determined by their total assets. Regulatory bodies such as the Office of the Comptroller of the Currency (OCC) and the Federal Reserve use asset size thresholds to classify banks into categories like small, intermediate, and large.

These thresholds are adjusted annually based on inflation metrics, ensuring that the classification remains relevant over time. For instance, as of 2025, a small bank is defined as having assets of less than $1.609 billion

The largest banks in the United States have grown substantially in Total assets, Market capitalization, Brand value, Total number of branches, Total Number of ATM Worldwide popularity of the bank, History, Online banking platforms. Customer satisfaction Interest, charges.

Over the last decade, the ranking of the largest banks in the U.nited States has seen some stability at the top, with JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo consistently holding the top spots. However, there have been minor adjustments in their rankings, particularly between Citigroup and Wells Fargo.

Below the top four, banks like U.S. Bancorp, PNC Financial Services, and Goldman Sachs have experienced more noticeable changes in their rankings, reflecting the dynamic nature of the banking industry

Best  20Banks in America are as follows

Over the past decade, the rankings of the largest banks in the United States have experienced some changes, particularly among the top four banks. JPMorgan Chase has consistently held the top position, while Bank of America, Citigroup, and Wells Fargo have occasionally swapped places. This stability at the top is contrasted by more significant shifts among the banks ranked below, where mergers and acquisitions have played a crucial role in reshaping the landscape

1. JPMorgan Chase & Co.

JP Morgan Chase Bank is known to be universal bank and a custodian bank, It happened to be one of America’s Big Four banks along with Bank of America, Citigroup, and Wells Fargo JPMorgan Chase has an Assets of approximately $4.21 trillion. This represents an 8% increase year-over-year. The bank’s assets include cash on hand, long-term debt, and other financial assets and it’s Headquarters is located in New York

2. Bank of America Corp.

Bank of America is multinational bank which offers both personal banking, private banking, investment banking, small business banking. The bank serves about 66 million consumers and small business clients worldwide.

It’s digital innovation make it one of the best bank in united states, It has more than 38 million digital clients. BOA headquartered is located at Charlotte, North Carolina with Assets worth reported total assets of approximately $3.32 trillion. This represents a 5.43% increase year-over-year

3. Citigroup Inc.

Citi Bank is a multinational bank and has branches in many countries including Africa continent.As the oldest bank, is the 4th largest bank in the U.S by total assets of approximately $2.68 trillion. This represents a 6.2% increase year-over-year and has more than 700 branches and more than 1,800 branches outside of the country, headquartered in New York

4. Wells Fargo & Co.

Wells Fargo Bank offers all financial products with multiple wings regional, community, national and international. It is the third largest bank in America, and is headquartered in San Francisco, California

The bank has excellent savings app and a mobile banking app which set them aside that enable them provide seamless and reliable relationship with customers. As of the end of 2024, Wells Fargo & Co. reported total assets of approximately $1.92 trillion. This represents a slight increase of 0.67% year-over-year

Read: List of Banks in United states of America,Banks in USA

5. U.S. Bancorp

As First National Bank of Cincinnati, U.S. Bancorp is the bank holding company and parent company of U.S. Bank , It provides almost any of the financial products and services such as banking, investment, mortgage and so on. It is one of the best banks to bank with.

As of the end of 2024, U.S. Bancorp reported total assets of approximately $686.47 billion. This represents a 2.76% increase year-over-year with Headquarters in Minneapolis and founded in 1968

6. Goldman Sachs

Goldman Sachs is a global investment banking, management and securities firm. The bank is a famous multi national investment bank lead by the German Jewish Goldman-Sachs family.

The bank was founded in 1869 by Marcus Goldman. It is the among the top largest bank in the US by total assets. The bank offers most of the banking and financial products and services. It has a total Assets of $288.62 billion and the headquarters is located in New York

7. Morgan Stanley

The bank deals in investment banking.The largest share holders of Morgan Stanley are Mitsubishi Financial, China Investment Corporation and Morgan Stanley Universal Trust. Institutional Securities, Investment Management and Wealth Management are their core business. The bank was founded in 1935 and is headquartered in New York City.

8. TD Bank

The Toronto-Dominion Bank was founded 1955, it multinational bank by Canadian origin and is headquartered in Toronto, Ontario, Canada.

TD bank has investment banking wing as well which deals in asset and wealth management, securities, equity bonds etc.Customers have access to mortgages, deposit accounts, credit cards and products for commercial and small business clients

The bank has a total Assets of $411.62 billion in United state. The name came after merger of two large banks i,e Bank of Toronto and The Dominion Bank.

Read: List of banks in Alabama United states

9. American Express

American Express is famous for it’s credit cards. American express operates in more than 40 countries.It offers several banking and financial products such as credit cards, traveler’s card, online savings account, corporate banking

10. HSBC

HSBC North America Holdings Inc is Hongkong and Shanghai Banking Corporation a multinational bank specialize in retail banking, corporate banking, investment banking, credit and debit cards, loans

HSBC currently has branches in the U.S. in cities such as New York, Los Angeles, Chicago, Atlanta, Houston, Miami, San Francisco, Seattle and Washington D.C. It has a total Assets: $194.91 billion it Headquarters is located in New York

Other on the list are:

11. Capital One Financial Corp.
12. Bank of New York Mellon Corp.
13. PNC Financial Services Group Inc
14.Truist Financial Corporation
15. Fifth Third Bancorp
16. Citizens Financial Group