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Editor’s note: On May 1, 2023, the California Department of Financial Protection and Innovation closed First Republic Bank. The bank’s deposits and most of its assets were subsequently acquired by JPMorgan Chase Bank, National Association. First Republic’s locations in eight states are now functioning as branches of JPMorgan Chase Bank, N.A. and all First Republic depositors have access to all of their deposits.
Putting your money in one of the largest banks generally means you’ll have more access to in-person services at branches, a large ATM network, and a wide array of products and services, which can be convenient if you’re looking to do all of your banking in one place.
To find the largest banks in the U.S., we looked at domestic asset sizes of institutions that serve both consumers and small businesses. The list includes retail banks for personal banking, rather than investment banks. A bank’s assets include, among other things, the amount of its loans, mortgages and credit card accounts. Some of these banks have thousands of branches, while others are mostly — or exclusively — online. All of these banks are insured by the Federal Deposit Insurance Corp.
Based on asset size, here are the top 20 largest banks in the U.S. according to the Federal Reserve.
🤓Nerdy Tip
If your federally insured bank fails, Federal Deposit Insurance Corp. insurance keeps your money safe up to $250,000 per depositor, per institution and per ownership category.
Learn More
Member FDIC
SoFi Checking and Savings
APY
4.30%
Min. balance for APY
$0
Learn More
Member FDIC
Bask Interest Savings Account
APY
4.85%
Min. balance for APY
$0
Learn More
Member FDIC
CIT Bank Platinum Savings
APY
4.85%
Min. balance for APY
$5,000
BMO Alto Online Savings Account
APY
4.50%
Min. balance for APY
$0
» Want the best banks instead? Check out NerdWallet’s picks for the best national banks
+ Summary of largest banks in the U.S. and approximate asset size (skip to specific bank sections from the links below)
1. Chase: $2.57 trillion2. Bank of America: $2.31 trillion3. Wells Fargo: $1.69 trillion4. Citibank: $1.04 trillion5. U.S. Bank: $573 billion6. PNC Bank: $533 billion7. Truist Bank: $532 billion8. Goldman Sachs: $438 billion9. TD Bank: $405 billion10. Capital One: $388 billion11. Citizens Bank: $227 billion12. Fifth Third Bank: $205 billion13. First Republic Bank: $198 billion14. KeyBank: $185 billion15. Huntington National Bank: $178 billion16. Ally Bank: $176 billion17. HSBC Bank USA: $169 billion18. BMO: $163 billion19. Regions Bank: $160 billion20. American Express National Bank: $138 billion
The largest banks in the U.S.
1. Chase: $2.57 trillion
Chase, the largest bank for consumers and small businesses, is part of JPMorgan Chase & Co. It’s tied with Wells Fargo for having the largest branch network out of all the biggest banks, with locations in the most states.
ATMs: About 16,000.
Branches: More than 4,700 in 49 states and Washington, D.C., with high concentrations in California, the East Coast and Texas; no branches in Alaska.
Learn more: Chase review.
» Want to find a Chase account with a sign-up bonus? Check out the current Chase bank promotions
2. Bank of America: $2.31 trillion
Bank of America is the second-largest bank, located in the second-highest number of states. Of the top three banks on this list, it offers the fewest branches but is tied with Chase for the most ATMs.
ATMs: About 16,000.
Branches: About 4,000 in 37 states and Washington, D.C., mostly concentrated in California, the East Coast and Texas.
Learn more: Bank of America review.
» How do the two largest banks stack up against each other? Find out in our Bank of America vs. Chase comparison
3. Wells Fargo Bank: $1.69 trillion
Wells Fargo is tied with Chase as the bank with the most branches. But of the top three largest banks, Wells Fargo offers the fewest number of ATMs.
ATMs: More than 12,000.
Branches: About 4,700 in 36 states and Washington, D.C., with high concentrations in California, Florida and Texas.
Learn more: Wells Fargo review.
4. Citibank: $1.04 trillion
Of the banks on this list, Citibank is among those with the fewest branches, but it does have a massive domestic network of ATMs.
ATMs: More than 65,000, including those in Allpoint and MoneyPass networks.
Branches: More than 650 across 11 states and Washington, D.C., with high concentrations in California and New York.
Learn more: Citibank review.
5. U.S. Bank: $573 billion
U.S. Bank offers thousands of ATMs and about half as many branches as the top three banks on this list.
ATMs: More than 37,000, including those in the MoneyPass network.
Branches: More than 2,000 in 26 states, with high concentrations in California, Illinois and Ohio.
Learn more: U.S. Bank review.
» How do U.S. Bank and Wells Fargo compare? See our Wells Fargo vs. U.S. Bank comparison
6. PNC Bank: $533 billion
In 2021, PNC Bank acquired BBVA USA. PNC Bank now has branches in more than half the country.
ATMs: About 60,000; the bank may reimburse up to two out-of-network ATM fees per statement period.
Branches: More than 2,600 in 28 states and Washington, D.C., with high concentrations in Florida, New Jersey, Ohio, Pennsylvania and Texas.
Learn more: PNC Bank review.
7. Truist Bank: $532 billion
Truist Bank is the result of the 2019 merger of BB&T and SunTrust Bank. It has the fifth-highest number of branches of any bank on this list, with locations on the East Coast, in the Midwest and in the South.
ATMs: About 3,000.
Branches: About 2,100 in 17 states and Washington, D.C., with high concentrations in Florida, North Carolina and Virginia.
Learn more: Truist Bank review.
8. Goldman Sachs: $438 billion
While Goldman Sachs is known as an investment bank, it offers consumer banking products and wealth management through Marcus by Goldman Sachs. Its high-yield savings account and CDs are online-only and offer competitive interest rates.
ATMs: 0.
Branches: 0.
Learn more: Marcus by Goldman Sachs review
9. TD Bank: $405 billion
TD Bank’s physical reach is less widespread than that of other large banks. Its ATMs and branches are available only along the East Coast.
ATMs: 700.
Branches: About 1,100 in 15 states and Washington, D.C., mostly concentrated in Florida, Massachusetts, New York and New Jersey.
Learn more: TD Bank review.
10. Capital One: $388 billion
The Capital One network features the most ATMs of any bank on this list, but relatively few branches. Some of the branches are Capital One cafes, where customers can attend free workshops and receive one-on-one financial coaching. Capital One 360, the bank’s online division, offers checking, savings and CD accounts.
ATMs: More than 75,000.
Branches: Nearly 300 across eight states and Washington D.C., mostly concentrated in Louisiana and New York.
Learn more: Capital One review.
» Compare two online bank options. Check out our review of Ally Bank vs. Capital One 360
11. Citizens Bank: $227 billion
Though Citizens Bank has relatively few ATMs, customers can get service at about a thousand branches in the Midwest and Northeast.
ATMs: More than 3,000.
Branches: About 1,200 in 14 states and Washington, D.C., with high concentrations in Massachusetts, New York and Pennsylvania.
Learn more: Citizens Bank review.
12. Fifth Third Bank: $205 billion
Fifth Third Bank is concentrated mainly in the South and Midwest, but its ATM network is the fourth-largest of the banks on this list.
ATMs: More than 44,000, including ATMs in the Allpoint, Presto! and 7-Eleven network.
Branches: More than 1,100 in 11 states, with high concentrations in Florida, Illinois, Michigan and Ohio.
Learn more: Fifth Third Bank review.
13. First Republic Bank: $198 billion
First Republic Bank offers the fewest branches of the brick-and-mortar banks on this list. It’s located mostly in California.
ATMs: None, but with some First Republic checking accounts, cash withdrawals are free at any ATM.
Branches: Nearly 90 locations across 10 states; mostly in California.
Learn more: First Republic Bank review
» Want to learn how your money is protected in a bank? Read about FDIC insurance
14. KeyBank: $185 billion
KeyBank offers a large ATM network as well as branches in over a dozen states.
ATMs: More than 43,000, including those in the Allpoint network.
Branches: About 1,000 in 16 states, with high concentrations in New York, Ohio and Washington.
Learn more: KeyBank review.
15. Huntington National Bank: $178 billion
Huntington National Bank has a fair number of branches, but its presence is mainly in the Midwest.
ATMs: More than 1,600.
Branches: More than 1,000 locations in 11 states, with high concentrations in Michigan and Ohio.
Learn more: Huntington Bank review.
16. Ally Bank: $176 billion
Ally is available only online and is one of just three banks on this list without any branches. Customers can access their cash for free via machines within a large ATM network.
ATMs: More than 43,000 in the Allpoint network.
Branches: 0.
Learn more: Ally Bank review.
» Want to comparison shop? We pit big bank against big bank in our comparison of PNC Bank vs. Ally Bank
17. HSBC Bank USA: $169 billion
HSBC sold most of its U.S.-based business to Citizens Bank and Cathay Bank in early 2022. HSBC now offers premium deposit accounts only.
ATMs: More than 43,000 as part of the Allpoint network.
Branches: 22, mostly concentrated in California and New York.
Learn more: HSBC Bank review.
18. BMO: $163 billion
BMO (formerly BMO Harris) offers services at just a few hundred branches but provides free access to thousands of ATMs.
ATMs: More than 43,000 fee-free ATMs in the U.S., including those in the Allpoint network.
Branches: More than 500 in eight states, with high concentrations in Illinois and Wisconsin.
Learn more: BMO review.
19. Regions Bank: $160 billion
Regions Bank is mostly concentrated in a handful of Southern states. It offers over a thousand branches and a couple thousand ATMs.
ATMs: About 2,000.
Branches: About 1,300 locations in 15 states, with high concentrations in Alabama, Florida and Tennessee.
Learn more: Regions Bank review.
20. American Express National Bank: $138 billion
American Express National Bank is available online only. In early 2022, the bank launched its Rewards Checking Account, available to consumers who’ve had an American Express credit card for at least three months. And the bank’s savings rates are among the best you’ll find online or elsewhere.
ATMs: More than 37,000 as part of the MoneyPass network.
Branches: 0.
Learn more: American Express National Bank review.
» Want to earn a cash bonus for opening a new bank account? Check out our best bank promotions
Frequently asked questions
What is the largest bank in the U.S.?
Chase, part of JPMorgan Chase & Co., is the largest bank by asset size in the U.S., including deposits from checking and savings and other accounts, plus loans, mortgages and more. It has $2.57 trillion in assets, according to the latest information from the Federal Reserve.
What are the five largest banks in the U.S.?
The five largest banks in the U.S., according to domestic assets, are Chase, Bank of America, Wells Fargo Bank, Citibank and U.S. Bank.
What makes big banks different from smaller banks?
Generally, big national banks serve more of the country than regional or community banks do. A regional bank might be limited to serving a few neighboring states; a community bank might serve only one city within a state.
National banks tend to have more technological resources and a wider variety of products than smaller banks; on the other hand, smaller banks can offer more personalized service.
Some of the biggest banks in the U.S. (according to their assets) are also regional banks, serving a smaller area than big-name banks such as Chase and Bank of America. These banks may offer in-person services to a specific region as well as a robust menu of services and accounts online.
Is my money safer in a national bank vs. a regional bank (or a national credit union vs. a regional credit union)?
Your money is equally safe in any bank that's insured by the Federal Deposit Insurance Corp. As long as your bank has this protection, you're insured for up to $250,000 per person, per ownership category, per bank.
Similarly, your money is equally safe in any credit union that’s insured by the National Credit Union Administration. Credit unions that have this protection insure your money for up to $250,000 per person, per account, per credit union.
METHODOLOGY
Banks are ranked according to the size of their domestic assets, including loans, mortgages and credit card accounts. This data is accurate as of June 30, 2022, according to the latest information from the Federal Reserve.
A previous version of this article gave incorrect domestic asset figures for banks No. 5 through No. 20 on this list. This article has been corrected.
