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In the years since the Great Recession, the largest banks in the U. Of course, every year there are changes to this exclusive club. Larger banks trade places with one another and smaller banks drop out, replaced by faster-growing rivals. Here are the 15 largest banks in the U. Unlike some of its competitors that are closing branches, Chase is expanding its branch network in key markets. It currently has nearly 5, branches and 16, ATMs. Bank of America serves about 66 million consumers and small business clients worldwide. Like many of the biggest banks, Bank of America is known for digital innovation.
It has more than 37 million digital clients and is experiencing success after introducing its virtual assistant, Erica, that assists holders with various tasks. Wells Fargo was founded in Although the bank has focused on consolidating and eliminating branches, it still has the most branches of any bank in the country. In addition to its main app, Wells Fargo has introduced a savings app and a mobile banking app geared toward millennials. The bank has rebranded and is focusing on repairing its fractured relationship with customers after a series of missteps.
Headquarters: San Francisco. Citigroup is a global financial services corporation. Citibank has about branches in the U. Bancorp is the bank holding company and parent company of U. Multiple mergers led to the formation of the bank known today for its extensive branch network and investment in improving its digital offerings.
Truist provides financial services to about 10 million consumer households. It was founded as Pittsburgh Trust and Savings Co. Today, the bank has around 2, branches. Once assets are combined PNC Bank is projected to be a top-five bank based on assets. TD Bank is the U. Customers have access to mortgages, deposit s, credit cards and products for commercial and small business clients.
The bank has about 1, branches along the East Coast. Today, Bank of New York Mellon is an investment company that serves different corporations and institutions as well as individual investors. Private banking services are available for its wealthy clients.
In addition to branches on the East Coast and in Texas and Louisiana, bank customers in select cities have access to Capital One Cafes, coffee shops with free Wi-Fi where visitors can open s and attend financial workshops. Goldman Sachs is a global investment banking, management and securities firm. Its clients have access to a variety of financial services, including banking products through Marcus, its online banking arm that made its debut in fall and began offering personal loans.
Founded inState Street Corp. Services include investment research and trading and investment management. Its clients include asset owners, insurance companies and pension funds, among others. HSBC has branches in major U. The transaction is expected to close in the first quarter of Citizens has about 1, branches in 11 states in the New England, mid-Atlantic and Midwest. It also has about 3, ATMs. It is headquartered in Providence, Rhode Island.
Photo by Adobe Stock, Illustration by Bankrate. How We Make Money. Matthew Goldberg. Written by. Matthew Goldberg is a consumer banking reporter at Bankrate. Matthew has been in financial services for more than a decade, in banking and insurance. Edited By David Schepp. Edited by. David Schepp. David Schepp is a wealth editor for Bankrate, focusing on deposits and consumer banking content. Reviewed By Robert R. Reviewed by. Robert R. Johnson, Ph. Share this. Bankrate Logo Why you can trust Bankrate. Bankrate Logo Editorial Integrity.
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