The Biggest Banks in the United States
The Biggest Banks in the United States
A Breakdown of America's Banking Giants
By Erin ONeil Updated on March 4, 2021
The term "big four" within the banking industry refers to the four largest banks in the United States: JPMorgan Chase & Co., Bank of America, Wells Fargo, and Citibank (Citigroup Inc.). These institutions serve the majority of personal and business account holders in the U.S. The four banks collectively hold $4.6 trillion in customer deposits, or about 45 percent of deposits in the United States.1
However, the nation has many other very large banks, all with total assets in the billions. These banks easily fall under the definition of “big banks,” and would presumably be considered by some as too big to fail. Become familiar with these banks so you can make better choices for your banking needs. After all, if you haven't already, you'll probably be doing business with one (or several) of the top 15 biggest banks in the future.
01 of 15 JPMorgan Chase & Co. Total customer deposits: $1.56 trillion
Total assets: $2.68 trillion Headquarters: New York, NY
02 of 15 Bank of America Corp. Total customer deposits: $1.43 trillion
Total assets: $2.43 trillion Headquarters: New York, NY
03 of 15 Wells Fargo & Co. Total customer deposits: $1.32 trillion
Total assets: $1.92 trillion Headquarters: San Francisco, CA
04 of 15 Citigroup Inc. Total customer deposits: $1.07 trillion
Total assets: $1.95 trillion Headquarters: New York, NY
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