20 Largest Banks in the U.S.

Ruth Sarreal
By Ruth Sarreal 
Updated
Edited by Tony Armstrong

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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

.

Rank

Bank

Assets (domestic)

1

JPMorgan Chase Bank

$2.61 trillion.

2

Bank of America

$2.34 trillion.

3

Wells Fargo Bank

$1.68 trillion.

4

Citibank

$1.01 trillion.

5

U.S. Bank

$646.73 billion.

6

PNC Bank

$551.13 billion.

7

Goldman Sachs Bank

$463.99 billion.

8

Truist Bank

$534.93 billion.

9

Capital One

$468.23 billion.

10

TD Bank

$366.25 billion.

11

BMO Bank

$260.79 billion.

12

Citizens Bank

$224.96 billion.

13

First Citizens Bank

$213.59 billion.

14

Fifth Third Bank

$211.98 billion.

15

M&T Bank

$208.61 billion.

16

Huntington National Bank

$186.36 billion.

17

Ally Bank

$185.72 billion.

18

Key Bank

$185.57 billion.

19

American Express National Bank

$174.80 billion.

20

HSBC Bank USA

$161.30 billion.

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  1. Chase: $2.61 trillion.

  2. Bank of America: $2.34 trillion.

  3. Wells Fargo: $1.68 trillion.

  4. Citibank: $1.01 trillion.

  5. U.S. Bank: $646.73 billion.

  6. PNC Bank: $551.13 billion.

  7. Goldman Sachs: $463.99 billion.

  8. Truist Bank: $534.93 billion.

  9. Capital One: $468.23 billion.

  10. TD Bank $366.25 billion.

  11. BMO: $260.79 billion.

  12. Citizens Bank: $224.96 billion.

  13. First Citizens Bank: $213.59 billion.

  14. Fifth Third Bank: $211.98 billion.

  15. M&T Bank: $208.61 billion.

  16. Huntington National Bank: $186.36 billion.

  17. Ally Bank: $185.72 billion.

  18. KeyBank: $185.57 billion.

  19. HSBC Bank: $161.30 billion.

The largest banks in the U.S.

NerdWallet rating 

1. Chase: $2.61 trillion

Chase, the largest bank for consumers and small businesses, is part of JPMorgan Chase & Co. Chase has the largest branch network out of all the biggest banks, with locations in the most states.

  • ATMs: More than 15,000.

  • Branches: More than 4,700 in 49 states and Washington, D.C.; 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

NerdWallet rating 

2. Bank of America: $2.34 trillion

Bank of America is the second-largest bank in the country. Of the top three biggest banks in the U.S., it offers the fewest branches.

» How do the two largest banks stack up against each other? Find out in our Bank of America vs. Chase comparison

NerdWallet rating 

3. Wells Fargo Bank: $1.68 trillion

Wells Fargo is third in terms of domestic assets, but it comes in second for banks with the most branches. But of the top three largest banks, Wells Fargo offers the fewest number of ATMs.

  • ATMs: More than 11,000.

  • Branches: More than 4,400 in 36 states and Washington, D.C.

  • Learn more: Wells Fargo review.

NerdWallet rating 

4. Citibank: $1.01 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 according to the bank, but customers also have access to around 80,000 machines in the Allpoint and MoneyPass networks.

  • Branches: More than 650 across 12 states and Washington, D.C.

  • Learn more: Citibank review.

NerdWallet rating 

5. U.S. Bank: $646.73 billion

U.S. Bank has thousands of fee-free ATMs thanks to its partnership with MoneyPass, and about half as many branches as the top three banks on this list.

  • ATMs: About 40,000, including those in the MoneyPass network and more from U.S. Bank.

  • Branches: More than 2,000 in 26 states.

  • 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: $551.13 billion

NerdWallet rating 

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 some out-of-network ATM fees.

  • Branches: More than 2,300 in 28 states and Washington, D.C.

  • Learn more: PNC Bank review.

NerdWallet rating 

7. Goldman Sachs: $463.99 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.

8. Truist Bank: $534.93 billion

NerdWallet rating 

Truist Bank is the result of the 2019 merger of BB&T and SunTrust Bank. Its headquarters are in Charlotte, North Carolina.

  • ATMs: More than 3,000.

  • Branches: More than 2,000 in 17 states and Washington, D.C.

  • Learn more: Truist Bank review.

NerdWallet rating 

9. Capital One: $468.23 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 Cafés, where customers can access free Wi-Fi to do work as well as connect with bank representatives to get information about Capital One products and services. Capital One 360, the bank’s online division, offers checking, savings and CD accounts.

  • ATMs: Around 80,000, including those in the Allpoint and MoneyPass networks.

  • Branches: Nearly 300 across eight states and Washington, D.C.

NerdWallet rating 

10. TD Bank: $366.25 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: About 2,600.

  • Branches: About 1,100 in 15 states and Washington, D.C.

  • Learn more: TD Bank review.

NerdWallet rating 

11. BMO: $260.79 billion

BMO (formerly BMO Harris) offers services at just a few hundred branches but provides free access to thousands of ATMs.

  • ATMs: More than 40,000 fee-free ATMs in the U.S., including those in the Allpoint network.

  • Branches: More than 600 in multiple states.

  • Learn more: BMO review.

NerdWallet rating 

12. Citizens Bank: $224.96 billion

Although Citizens Bank has relatively few ATMs, customers can get service at about a thousand branches in the Northeast and Midwest. Citizens acquired the East Coast branches of HSBC Bank in early 2022, after HSBC narrowed its focus to wealth management and high net worth clients.

  • ATMs: More than 3,000.

  • Branches: More than 1,000 in 14 states and Washington, D.C.

13. First Citizens Bank: $213.59 billion

After a merger in January 2022, CIT Bank became part of First Citizens Bank (aka First-Citizens Bank & Trust Co.). First Citizens took over Silicon Valley Bank’s accounts in March 2023 after SVB failed.

» Want to learn how your money is protected in a bank? Read about FDIC insurance

NerdWallet rating 

14. Fifth Third Bank: $211.98 billion

Fifth Third Bank has branches in fewer than a dozen states, but its ATM network includes thousands of machines nationwide.

  • ATMs: More than 40,000, including those in the MoneyPass network.

  • Branches: More than 1,100 in 11 states.

NerdWallet rating 

15. M&T Bank: $208.61 billion

M&T Bank (aka Manufacturers and Traders Trust Co.) is headquartered in Buffalo, New York. The bank has ATMs in two states where it doesn’t have branches: Florida and Rhode Island.

  • ATMs: 1,800 in 14 states and Washington, D.C.

  • Branches: 700 in 12 states and Washington, D.C.

  • Learn more: M&T Bank review.

16. Huntington National Bank: $186.36 billion

NerdWallet rating 

Huntington National Bank has a fair number of branches, but its presence is mainly in the Midwest.

17. Ally Bank: $185.72 billion

NerdWallet rating 

Ally is only available online and is one of just three banks on this list without any branches. Customers can access their cash for free through machines within a large ATM network.

  • ATMs: More than 40,000, including those in the Allpoint network.

  • Branches: 0.

  • Learn more: Ally Bank review.

NerdWallet rating 

18. KeyBank: $185.57 billion

KeyBank offers a large ATM network as well as branches in over a dozen states.

  • ATMs: More than 40,000 in the Allpoint network.

  • Branches: About 1,000 in 15 states.

  • Learn more: KeyBank review.

19. American Express National Bank: $174.80 billion

NerdWallet rating 

American Express National Bank is only available online. 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. The bank’s savings rates are competitive among what you’ll find online or elsewhere.

NerdWallet rating 

20. HSBC Bank USA: $161.30 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 40,000, including those in the Allpoint network.

  • Branches: 21 in six states and Washington, D.C.

  • Learn more: HSBC Bank review.

» Want to earn a cash bonus for opening a new bank account? Check out our best bank promotions

Frequently asked questions

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 $2.61 trillion in domestic assets, according to the latest information from the Federal Reserve.

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.

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.

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 Sept. 30, 2023, according to the latest information from the Federal Reserve

.

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