The top 10 U.S. banks manage about $12.56 trillion in assets, as of June 30, 2024, and serve millions of consumers and businesses across the country. These banks offer a wide range of services including checking and savings accounts, loans and credit cards. They also facilitate financial transactions and support investments.
Over the years, these banks have continued to adapt to the changing needs of their customers by introducing new products, services and tools, such as mobile apps and artificial intelligence solutions. Below is a list and description of the largest U.S. banks based on consolidated assets. You may recognize many of these names—and perhaps even bank with one or more of them.
| Top 10 Largest Banks in the U.S. | ||
|---|---|---|
| Rank | Bank | Total Assets |
| 1 | Chase Bank | $3.51 trillion |
| 2 | Bank of America | $2.55 trillion |
| 3 | Wells Fargo | $1.72 trillion |
| 4 | Citibank | $1.69 trillion |
| 5 | U.S. Bank | $664.9 billion |
| 6 | PNC Bank | $552.5 billion |
| 7 | Goldman Sachs Bank | $543.9 billion |
| 8 | Truist Bank | $511.9 billion |
| 9 | Capital One | $477.3 billion |
| 10 | TD Bank | $370.3 billion |
Source: The Federal Reserve as of June 30, 2024
1. Chase Bank
Chase Bank is the primary banking division of JPMorgan Chase, a global financial services firm with roots dating back to 1799. Headquartered in New York City, Chase Bank is the largest bank in the United States and one of the largest financial institutions globally. Its wide range of financial services includes investment banking, asset management and retail banking, serving millions of individual and corporate clients.
With branches across 48 states and Washington, D.C., Chase is known for its innovative financial products including the Chase Mobile app. Customers can use the app for convenient banking and financial management.
- Assets: $3.51 trillion
- ATMs: 15,000+
- Domestic branches: 4,700+
2. Bank of America
Bank of America, headquartered in Charlotte, North Carolina, is the second-largest bank in the U.S. Bank of America offers deposit accounts, wealth management, lending and credit solutions to both consumers and business clients. Its AI-driven virtual financial assistant, "Erica," is the first widely available virtual financial assistant. Customers can use the assistant to manage accounts, get account information and make financial decisions.
- Assets: $2.55 trillion
- ATMs: Approximately 15,000
- Domestic branches: Approximately 3,700
3. Wells Fargo
Headquartered in San Francisco, Wells Fargo is a leading financial services company. The bank provides an array of financial products including checking and savings accounts, credit cards, home loans, auto loans and personal loans. To improve consumer trust, Wells Fargo has prioritized its risk and control systems.
- Assets: $1.72 trillion
- ATMs: 11,000
- Domestic branches: 5,600+
4. Citibank
Founded in 1812, Citigroup is headquartered in New York City. Its banking arm, Citibank, is a global financial services provider, doing business in more than 180 countries and jurisdictions. Citibank offers an array of products including branded credit cards as well as retail services and retail banking.
- Assets: $1.68 trillion
- ATMs: 65,000+
- Domestic branches: Nearly 650
5. U.S. Bank
U.S. Bancorp, headquartered in Minneapolis, is the parent company of U.S. Bank, the fifth-largest bank by assets. U.S. Bank provides a wide range of financial services, including lending, depository services, cash management, capital markets and trust and investment management.
Operating in 26 states, primarily in the Midwest and West regions, a significant portion of its consumer transactions are conducted digitally through its online and mobile platforms.
- Assets: $664.92 billion
- ATMs: 4,500+
- Domestic branches: 2,000+
6. PNC Bank
PNC Bank, headquartered in Pittsburgh, has branches from coast to coast. It provides a wide range of services including residential mortgages, corporate and institutional banking and asset management. As part of its mission, PNC Bank emphasizes community development through loans, investments and other financial support.
- Assets: $552.53 billion
- ATMs: Approximately 60,000 (includes partner ATMs)
- Domestic branches: 2,200+
7. Goldman Sachs Bank
Headquartered in New York City, Goldman Sachs is a global financial institution known for investment banking, investment management and private banking. Through its digital arm, Marcus by Goldman Sachs, the bank offers deposit accounts, credit cards and personal loans.
Goldman Sachs stands out compared to other major banks with its focus on digital solutions and high-touch services, rather than physical branches. The bank strives to deliver exceptional results for clients, shareholders and communities.
- Assets: $543.89 billion
- ATMs: None
- Domestic branches: None
8. Truist Bank
Headquartered in Charlotte, North Carolina, Truist Bank operates in 17 states and Washington, D.C. It provides a wide range of financial services including consumer banking, commercial banking, corporate and investment banking, wealth management, payments and specialized lending businesses.
- Assets: $511.93 billion
- ATMs: 2,900+
- Domestic branches: 1,900+
9. Capital One
Capital One, headquartered in McLean, Virginia, was established in 1994. It is a top issuer of Visa and Mastercard credit cards and offers a variety of other financial services, including debit cards, lending, deposit accounts, auto loans and other consumer lending products.
Primarily operating in New York, Louisiana, Texas, Maryland, Virginia and New Jersey, Capital One is known for its extensive ATM partnerships and focus on financial inclusion.
- Assets: $477.30 billion
- ATMs: 70,000+ (includes partner ATMs)
- Domestic branches: 200+
10. TD Bank
TD Bank, a subsidiary of The Toronto-Dominion Bank of Toronto, is headquartered in Cherry Hill, New Jersey. Calling itself "America's Most Convenient Bank," its roots date back to Toronto in 1855. Its first New York office was opened in 1919.
TD Bank operates in 15 states including Washington, D.C., offering checking and savings accounts, certificates of deposit, credit cards and home and auto lending to consumers.
- Assets: $370.33 billion
- ATMs: 2,600+
- Domestic branches: 1,100+
The Bottom Line
The top 10 U.S. banks collectively manage trillions of dollars in assets, making them an important part of meeting the needs of consumers and businesses. When choosing the right bank, it's important to look beyond size. Consider the types of accounts or services you need, the accessibility of ATMs and availability of comprehensive digital tools. Opening accounts is also an option, especially if you need to maximize protection of your funds through Federal Deposit Insurance Corp. (FDIC) insurance.