What are the largest US regional banks?
The 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, Goldman Sachs Bank, Truist Bank, Capital One and TD Bank. Key Takeaways: Chase is the largest bank in the country, holding over $3.38 trillion in assets.
What are the top five banks in America? The top five banks in America are JPMorgan Chase, Bank of America, Citibank, Wells Fargo and U.S. Bank. These are the largest U.S. banks by assets and among the largest in the world.
The super regional category typically refers to banks with more than $50 billion in assets. Super regional American banks include U.S. Bancorp, Bank of New York Mellon (BoNY), CapitalOne, KeyCorp, PNC Financial Services Group, and BB&T Corp.
- Arvest Bank.
- Associated Bank.
- BancorpSouth.
- Bank of the West.
- BMO Harris Bank.
- California Bank & Trust.
- Carter Bank & Trust.
- Chemical Bank.
By contrast, regional banks have assets between $10 billion and $100 billion — they're what you might consider mid-size banks regional banks, sitting in between smaller community banks and big national banks.
What bank operates in all 50 states? No bank currently operates a branch location in all 50 states, though several of the nation's largest institutions come close. Chase Bank, for one, has over 4,700 branch locations in 49 states and Washington D.C. Wells Fargo also offers around 4,600 branches in 36 states.
The nation's biggest banks include both traditional retail banks and investment banks. While Chase, Bank of America, Wells Fargo and Citi stand out as big banks, U.S. Bank, PNC Bank, Goldman Sachs, Truist Bank, Capital One and TD Bank round out the 10 largest banks in the U.S.
These Banks are in Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York, Philadelphia, Richmond, St. Louis and San Francisco.
The Reserve Banks are decentralized by design and are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.
Community Banks. The Federal Reserve clearly distinguishes between community and regional banks. A community bank is defined as one with less than $10 billion in assets, while a regional bank is one with $10 billion to $100 billion in assets.
How many regional banks are there in the US?
How many regional and community banks are there in the US? As of December 2022, there are 4,001 community banks with 27,511 branches and 134 regional banks with 13,109 branches across the US. There are 31 banks categorized as large financial institutions, with 30,570 branches nationwide.
Capital One is unique among the super-regional banks in that it has national lending platforms for credit cards and auto finance.
Regional banks are bigger than community banks but smaller than national banks, with an asset range of $10 billion to $100 billion. Some local banks are limited to one community, while a regional bank can operate branches across a few states and have history in each community.
Chase, Bank of America, and Wells Fargo are some well-known examples of national banks. Regional bank - A bank that operates in one or more regions of a country but doesn't have a nationwide presence. Regional banks typically have a full range of banking products for consumers and businesses.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
PNC Bank, National Association is a national bank and its deposits are insured by the FDIC (up to, and in accordance with, applicable limitations and restrictions). PNC Bank is headquartered in Pittsburgh, Pennsylvania.
| Rank by Asset Size | Bank Name | Number of Branches |
|---|---|---|
| 1. | Chase Bank | 4,700 |
| 2. | Bank of America | 3,900 |
| 3. | Wells Fargo | 4,500 |
| 4. | Citibank | 600 |
Chase and Wells Fargo are well known brands, and they have the most branches in the U.S. They're also the most popular bank in 30 percent of the 50 states. Chase now has the most locations in the U.S. and the most branches in seven states. But Wells Fargo has the most branches in eight states and Washington, D.C.
The Bank of North Dakota (BND) is a state-owned, state-run financial institution based in Bismarck, North Dakota. It is the only government-owned general-service bank in the United States.
| Bank | Forbes Advisor Rating | Learn More |
|---|---|---|
| Chase Bank | 5.0 | Learn More Read Our Full Review |
| Bank of America | 4.2 | |
| Wells Fargo Bank | 4.0 | Learn More Read Our Full Review |
| Citi® | 4.0 |
What is the richest bank in the United States?
| Rank | Bank name | Total assets (billions of US$) |
|---|---|---|
| 1 | JPMorgan Chase | $3,898 |
| 2 | Bank of America | $3,153 |
| 3 | Citigroup | $2,368 |
| 4 | Wells Fargo | $1,909 |
The United States is a big place. Our regions are diverse in terrain, population, and economies. In setting national economic policy, we need a way to understand economic conditions in all the regions of the country. At the Federal Reserve Bank, we do just that.
Without these regional banks, the Federal Reserve wouldn't be able to sanction its policies across the nation, govern the thousands of depository institutions, or ensure that the central bank hears the voices of people from each region when making policy judgments.
“Regional banks have a combination of regional knowledge and expertise that makes lending more efficient,” said C. Michael Zabel, a former executive at M&T, the Buffalo-based regional bank. “They're also more likely to put deposits to work in their community.”
Under the Federal Reserve Act of 1913, each of the 12 regional reserve banks of the Federal Reserve System is owned by its member banks, who originally ponied up the capital to keep them running. The number of capital shares they subscribe to is based upon a percentage of each member bank's capital and surplus.
