Top 50 Largest Bank Holding Companies

The Federal Deposit Insurance Corporation has released data on the 50 largest bank holding companies in the U.S. based on total deposits as of June 30, 2017.

For the first time in 23 years, JP Morgan Chase has taken over the No. 1 spot from Bank of America in deposits with $1.31 trillion.

JP Morgan Chase’s U.S. deposits grew 7.9 percent to reach $1.3 trillion on June 30, 2017, according to the FDIC. This is the fifth consecutive year the Firm led the nation in deposit growth. Over the last five years, customers added $447 billion in deposits, a 51 percent increase.

“Customers continue to trust us with their money as we help them bank whenever, wherever, however they want,” said Thasunda Duckett, CEO of Consumer Banking at Chase.

Bank of America is now second in total deposits with $1.287 trillion and Wells Fargo is third with $1.258 trillion.

Citigroup was fourth with $504.7 billion in deposits and U.S. Bancorp fifth with $329.4 billion.

Below is the complete list of Top 50 Bank Holding Companies based on total deposits from FDIC data:

Bank Holding Company Name Bank ID State
Headquartered
No.
of
Offices
Total
Deposits
(in thousands)
June 30, 2017
JPMORGAN CHASE & CO. 1039502 New York 5,286 1,311,974,142
BANK OF AMERICA CORPORATION 1073757 North Carolina 4,604 1,287,869,700
WELLS FARGO & COMPANY 1120754 California 6,091 1,258,831,130
CITIGROUP INC. 1951350 New York 719 504,706,288
U.S. BANCORP 1119794 Minnesota 3,173 329,468,253
CAPITAL ONE FINANCIAL CORPORATION 2277860 Virginia 665 286,961,338
PNC FINANCIAL SERVICES GROUP, INC., THE 1069778 Pennsylvania 2,561 257,675,713
TORONTO-DOMINION BANK, THE 1238565 Foreign * 1,279 245,923,672
BB&T CORPORATION 1074156 North Carolina 2,192 163,093,000
SUNTRUST BANKS, INC. 1131787 Georgia 1,311 162,671,910
CHARLES SCHWAB CORPORATION, THE 1026632 California 2 162,367,000
MORGAN STANLEY 2162966 New York 3 149,596,000
BANK OF NEW YORK MELLON CORPORATION, THE 3587146 New York 69 145,154,137
HSBC HOLDINGS PLC 1857108 Foreign
230 128,154,020
CITIZENS FINANCIAL GROUP, INC. 1132449 Rhode Island 1,187 118,093,870
GOLDMAN SACHS GROUP, INC., THE 2380443 New York 4 105,886,000
KEYCORP 1068025 Ohio 1,235 105,344,214
FIFTH THIRD BANCORP 1070345 Ohio 1,174 104,809,057
REGIONS FINANCIAL CORPORATION 3242838 Alabama 1,492 99,191,861
M&T BANK CORPORATION 1037003 New York 865 97,838,184
MITSUBISHI UFJ FINANCIAL GROUP, INC. 2961897 Foreign * 361 86,832,006
ALLY FINANCIAL INC. 1562859 Michigan 1 86,256,000
BNP PARIBAS 1231968 Foreign * 622 81,543,885
STATE STREET CORPORATION 1111435 Massachusetts 1 79,114,517
HUNTINGTON BANCSHARES INCORPORATED 1068191 Ohio 1,056 77,936,696
BANK OF MONTREAL 1231333 Foreign * 594 76,881,136
UNITED SERVICES AUTOMOBILE ASSOCIATION 1447376 Texas 2 72,502,391
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 1391237 Foreign * 670 66,222,248
BANCO SANTANDER, S.A. 1239254 Foreign * 719 63,870,052
AMERICAN EXPRESS COMPANY 1275216 New York 2 59,768,881
COMERICA INCORPORATED 1199844 Texas 439 57,342,809
SYNCHRONY FINANCIAL 4504654 Connecticut 5 56,205,603
DISCOVER FINANCIAL SERVICES 3846375 Illinois 3 55,201,192
ZIONS BANCORPORATION 1027004 Utah 439 52,785,401
UBS GROUP AG 4795461 Foreign * 1 46,982,008
ROYAL BANK OF CANADA 1232497 Foreign * 74 44,568,060
E*TRADE FINANCIAL CORPORATION 3412583 New York 2 42,069,335
SVB FINANCIAL GROUP 1031449 California 5 39,843,833
NORTHERN TRUST CORPORATION 1199611 Illinois 64 36,878,232
POPULAR, INC. 1129382 Puerto Rico 235 33,179,802
DEUTSCHE BANK AKTIENGESELLSCHAFT 1242423 Foreign * 5 32,650,647
PEOPLE’S UNITED FINANCIAL, INC. 3650152 Connecticut 406 32,064,694
CIT GROUP INC. 1036967 New Jersey 71 31,912,428
EAST WEST BANCORP, INC. 2734233 California 121 29,489,477
FIRST CITIZENS BANCSHARES, INC. 1075612 North Carolina 554 29,483,243
NEW YORK COMMUNITY BANCORP, INC. 2132932 New York 262 29,037,297
CULLEN/FROST BANKERS, INC. 1102367 Texas 148 25,665,873
SYNOVUS FINANCIAL CORP. 1078846 Georgia 248 25,465,778
CHINA INVESTMENT CORPORATION 4097978 Foreign * 2 23,518,609
TIAA BOARD OF OVERSEERS 3792687 New York 13 23,115,407