What is the largest bank in America?

JPMorgan Chase is the largest bank in the United States with over $3.9 trillion in total assets as of 2026, making it one of the largest banks in the world.

How many banks are in the United States?

There are approximately 4,100 FDIC-insured commercial banks in the United States, down from over 8,000 in 2000 due to industry consolidation.

20 Biggest Banks in America 2026: Ranked by Assets

Explore the largest banks in the United States ranked by total assets.

20 Largest US Banks by Assets

Data as of Q4 2025. Assets in billions.

Rank	Bank	Total Assets	Headquarters
1	JPMorgan Chase	$3,900B	New York, NY
2	Bank of America	$3,200B	Charlotte, NC
3	Citigroup	$2,400B	New York, NY
4	Wells Fargo	$1,900B	San Francisco, CA
5	Goldman Sachs	$1,600B	New York, NY
6	Morgan Stanley	$1,200B	New York, NY
7	US Bancorp	$680B	Minneapolis, MN
8	PNC Financial	$560B	Pittsburgh, PA
9	Truist	$535B	Charlotte, NC
10	Charles Schwab	$480B	Westlake, TX
11	TD Bank (US)	$430B	Cherry Hill, NJ
12	Capital One	$425B	McLean, VA
13	Bank of New York Mellon	$400B	New York, NY
14	State Street	$300B	Boston, MA
15	Fifth Third Bank	$215B	Cincinnati, OH
16	Citizens Financial	$210B	Providence, RI
17	M&T Bank	$200B	Buffalo, NY
18	KeyCorp	$190B	Cleveland, OH
19	Regions Financial	$155B	Birmingham, AL
20	Huntington National	$195B	Columbus, OH

Big Four Comparison

Feature	JPMorgan	Bank of America	Wells Fargo	Citi
Assets	$3.9T	$3.2T	$1.9T	$2.4T
Deposits	$2.4T	$1.9T	$1.4T	$1.3T
Branches	4,700	3,800	4,500	650*
Employees	300K	213K	234K	240K
Founded	1799	1904	1852	1812

*US consumer branches only

Banks by Number of Branches

Rank	Bank	US Branches	States
1	JPMorgan Chase	~4,700	48
2	Wells Fargo	~4,500	36
3	Bank of America	~3,800	38
4	US Bank	~2,300	26
5	PNC	~2,200	29
6	Truist	~2,000	17
7	TD Bank	~1,150	15
8	Regions	~1,250	15
9	KeyBank	~950	15
10	Huntington	~900	11

Banks by Total Deposits

Rank	Bank	Total Deposits
1	JPMorgan Chase	$2.4 trillion
2	Bank of America	$1.9 trillion
3	Wells Fargo	$1.4 trillion
4	Citigroup	$1.3 trillion
5	US Bancorp	$525 billion
6	PNC	$435 billion
7	Truist	$415 billion
8	Capital One	$365 billion
9	TD Bank (US)	$340 billion
10	Goldman Sachs	$330 billion

Largest Online-Only Banks

Bank	Total Deposits	Parent Company
Ally Bank	$155B	Ally Financial
Discover Bank	$95B	Discover Financial
Marcus	$110B	Goldman Sachs
Synchrony Bank	$80B	Synchrony Financial
Capital One 360	Included above	Capital One

Largest Credit Unions

Rank	Credit Union	Assets	Members
1	Navy Federal	$175B	14M
2	State Employees’ CU	$58B	2.8M
3	Pentagon Federal	$37B	2.9M
4	Boeing Employees	$26B	1.3M
5	SchoolsFirst FCU	$29B	1.3M

Bank Consolidation Over Time

Year	Number of FDIC Banks	Change
2024	~4,100	—
2020	4,377	—
2015	5,309	—
2010	6,529	—
2005	7,526	—
2000	8,315	—
1990	12,343	—
1980	14,434	—

Trend: Industry is consolidating through mergers and acquisitions.

Recent Major Bank Mergers

Year	Merger	Combined Assets
2023	First Republic → JPMorgan	Absorbed into #1
2022	MUFG acquired US Bancorp stakes	—
2021	BB&T + SunTrust → Truist	$535B
2019	BB&T + SunTrust announced	—
2019	Charles Schwab + TD Ameritrade	—

Global Comparison

US banks in global context (by assets):

Rank	Bank	Country	Assets
1	Industrial & Commercial Bank of China	China	$6.1T
2	China Construction Bank	China	$5.0T
3	Agricultural Bank of China	China	$4.9T
4	Bank of China	China	$4.3T
5	JPMorgan Chase	USA	$3.9T
6	Bank of America	USA	$3.2T
7	HSBC	UK	$2.9T
8	BNP Paribas	France	$2.8T
9	Citigroup	USA	$2.4T

Note: The 4 largest banks in the world are Chinese state-owned banks.

Choosing Between Large Banks

Factor	Big 4 Advantage	Regional/Online Advantage
Branch access	More locations	Varies
ATM network	Extensive	May reimburse fees
Interest rates	Lower savings rates	Usually higher
Technology	Well-developed apps	Varies
Fees	Often more fees	Often fewer fees
Customer service	Variable	Often better
Business services	Comprehensive	Limited
International	Strong	Limited

Too Big to Fail

The 8 US banks designated as Global Systemically Important Banks (G-SIBs):

JPMorgan Chase
Bank of America
Citigroup
Wells Fargo
Goldman Sachs
Morgan Stanley
Bank of New York Mellon
State Street

These banks face additional capital requirements and regulatory oversight.

FDIC Insurance Reminder

Account Type	Coverage Per Bank
Single accounts	$250,000
Joint accounts	$250,000 per owner
IRAs/retirement	$250,000
Trust accounts	Varies

Tip: All 20 largest banks are FDIC insured. Your deposits are protected up to $250,000.

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