Banks in America | Top Banks for Checking Accounts (List of Biggest Bank in America)

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Banks are ranked in accordance with their asset base and capitalization - There happened to be a big line of divide between Biggest Banks in America and the rivals. Most of the major financial activities in the banking industry today are handled and conducted by these set of banks.Biggest Banks in America.

The 4 Biggest Banks in America

⇒JPMorgan Chase

⇒Bank of America

⇒Wells Fargo

⇒Citigroup

Biggest Banks in America - List of For The 4 Biggest Bank in America

Leading the pack of the top banks in America is JPMorgan Chase (NYSE:JPM).  JPMorgan presently worth’s in asset a total of $2.4 trillion, making it the largest in capitalization in the US.

Second on the role is Bank of America (NYSE:BAC) with a Total Asset of $2.2 Trillion as of march 2016.  The bank is presently second largest bank on the shore of United State.

Wells Fargo online Emerged the Third largest in today's American. Wells Fargo (NYSE:WFC) claimed the third position with a total Assets of $1.9 trillion. The asset worth is as a result of last few year act that permit Megabank expansion in the US.

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Citigroup is holding the Fourth place in the list of Biggest Banks in America with a Total Assets of $1.7 trillion.

We can recall that before now, America was devoid of Megabanks not until the recent act that permits mergers and acquisition and banks expansions.

30 years ago, that was not the case as banks within the United States were not allowed to spread their tentacle across the state. The deregulation in the 1990s were the federal legislation opened up the door for branch and interstate as well as universal spreads of US Banks.

Banks Merger

This move saw brought about the merger IN 1998 between Bank of America and North Carolina's NationalsBank bringing the first coast-to-coast bank. This same law caused the merger between Wells Fargo and Minnesota's Norwest. The move brought about the merger between Citigroup and Travel Group in 1998. The biggest of them all is when Chase bought over JPmorgan in the year 2000. They are now called JPMorgan Chase after the merger.

The move brought about the merger between Citigroup and Travel Group in 1998. The biggest of them all is when Chase bought over JPmorgan in the year 2000. They are now called JPMorgan Chase after the merger.

List of largest banks in the United States

Rank	Bank name	Headquarters Location	Total assets as of December 31, 2016 (billions of US$)
1	JPMorgan Chase	New York, New York	$2,490
2	Bank of America	Charlotte, North Carolina	$2,187
3	Wells Fargo	San Francisco, California	$1,930
4	Citigroup	New York, New York	$1,792
5	Goldman Sachs	New York, New York	$860
6	Morgan Stanley	New York, New York	$814
7	U.S. Bancorp	Minneapolis, Minnesota	$445
8	PNC Financial Services	Pittsburgh, Pennsylvania	$366
9	Capital One	McLean, Virginia	$357
10	TD Bank, N.A.	Cherry Hill, New Jersey	$343
11	The Bank of New York Mellon	New York, New York	$333
12	Barclays	New York, New York	$294
13	HSBC Bank USA	New York, New York	$277
14	State Street Corporation	Boston, Massachusetts	$242
15	Charles Schwab Corporation	San Francisco, California	$223
16	BB&T	Winston-Salem, North Carolina	$219
17	Credit Suisse	New York, New York	$214
18	SunTrust Banks	Atlanta, Georgia	$204
19	Deutsche Bank	New York, New York	$186
20	Ally Financial	Detroit, Michigan	$163
21	American Express	New York, New York	$158
22	Citizens Financial Group	Providence, Rhode Island	$150
23	MUFG Union Bank	New York, New York	$148
24	USAA	San Antonio, Texas	$147
25	Fifth Third Bank	Cincinnati, Ohio	$142
26	Royal Bank of Canada	New York, New York	$141
27	UBS	New York, New York	$138
28	Santander Bank	Boston, Massachusetts	$137
29	KeyCorp	Cleveland, Ohio	$136
30	BNP Paribas	New York, New York	$132
31	BMO Harris Bank	Chicago, Illinois	$128
32	Regions Financial Corporation	Birmingham, Alabama	$125
33	Northern Trust Corporation	Chicago, Illinois	$123
34	M&T Bank	Buffalo, New York	$123
35	Huntington Bancshares	Columbus, Ohio	$99
36	Discover Financial	Riverwoods, Illinois	$92
37	Synchrony Financial	Stamford, Connecticut	$90
38	BBVA Compass	Houston, Texas	$87
39	First Republic Bank	San Francisco, California	$73
40	Comerica	Dallas, Texas	$72
41	CIT Group	Livingston, New Jersey	$64
42	Zions Bancorp	Salt Lake City, Utah	$63
43	E-Trade	New York, New York	$48
44	New York Community Bancorp	Westbury, New York	$48
45	Silicon Valley Bank	Santa Clara, California	$44
46	People's United Financial	Bridgeport, Connecticut	$40
47	Mizuho Financial Group	New York, New York	$39
48	Signature Bank	New York, New York	$39
49	Popular, Inc.	New York, New York	$38
50	East West Bank	Pasadena, California	$34

Our next article will feature Biggest Banks in the world and their listings and capitalization.

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