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
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
18. BMO Harris Bank: $163 billion
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.
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.
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.
