Many of the businesses on this list of the 15 largest US banks are household names. Because these financial institutions, ranging from global investment management firms to regional family-owned community banks, have more assets, they’re in a better position to weather financial storms. That means they’re less susceptible to failure or the need for emergency government intervention. Banks in this group also tend to have a wide variety of products and services to suit the needs of an expansive consumer base. 

For the past 20 years, JPMorgan Chase has retained the top spot as the largest US bank. In its latest release, based on data as of June 30, the Fed ranked 2,113 US commercial banks with consolidated assets of $300 million or more. Read on to see how the 15 biggest banks in the US stack up today.

Ranking	Bank Name	Assets
1	JPMorgan Chase	$3.38 trillion
2	Bank of America	$2.45 trillion
3	Citibank	$1.71 trillion
4	Wells Fargo	$1.67 trillion
5	U.S. Bank	$669.9 billion
6	PNC	$554.1 billion
7	Truist Bank	$546.8 billion
8	Goldman Sachs	$517.1 billion
9	Capital One	$465.0 billion
10	TD Bank	$374.2 billion
11	Bank of New York Mellon	$348.6  billion
12	State Street Bank and Trust Co.	$290.9  billion
13	BMO	$263.3  billion
14	Citizens Bank	$222.8  billion
15	First Citizens Bank	$209.4 billion

1. JPMorgan Chase Bank

Consolidated assets: $3.38 trillion

New York-based JPMorgan Chase Bank tops the Federal Reserve’s list of largest banks by consolidated assets owned at $3.38 trillion, of which $2.62 trillion represents assets owned domestically. Chase Bank, the consumer banking arm of JPMorgan Chase, has more than 4,700 US branches, over 16,000 domestic ATMs and 32 international banking branches. Chase Bank serves customers in more than 100 countries with offices in the Americas, Europe, North Africa and Asia.

2. Bank of America

Consolidated assets: $2.45 trillion

Bank of America, based in Charlotte, North Carolina, serves 67 million retail customers and small business clients. The company has nearly 4,000 branches -- it refers to them as “retail financial centers” -- and 16,000 ATMs, according to its website. Its digital banking app serves 55 million users. Earlier this year, Bank of America announced it had eliminated the nonsufficient funds fee -- the fee charged when a bank returns a payment due to insufficient funds in an account. Bank of America also reduced its overdraft fees to $10 from $35 this year. 

3. Citibank

Consolidated assets: $1.71 trillion

Citibank is the retail banking arm of global financial services giant Citigroup. New York-based Citibank serves some 200 million customer accounts in 160 countries. Citibank customers have access to nearly 700 branch locations and more than 65,000 surcharge-free ATMs.

4. Wells Fargo

Consolidated assets: $1.67 trillion

Wells Fargo dropped down to the fourth spot on the Fed’s list since March. While it’s had a few rocky years dealing with criminal and civil lawsuits involving fraudulent sales practices and recent investigations into fake hiring practices, Wells Fargo remains a banking giant in the US, with 4,600 retail banking locations and more than 12,000 ATMs.

5. U.S. Bank

Consolidated assets: $669.9 billion

Coming in fifth with $669.9 billion in consolidated assets, the Minneapolis-based U.S. Bank recently launched the nation’s first Spanish-language voice assistant banking app. U.S. Bank has more than 2,200 bank branches across 26 states. The ATM network partners with MoneyPass to give customers access to thousands of ATMs nationwide. The banking app allows you to share your location while traveling to avoid banking service interruptions while away from home.

6. PNC Bank

Consolidated assets: $554.1 billion

The result of the largest bank merger of its time, the Pittsburgh National and Provident National banks took their shared initials and formed PNC Bank in 1983. Since then, this Pittsburgh-based bank has focused its operation in the Midwest, Northeast and South. In November 2020, PNC agreed to pay $11.6 billion to acquire BBVA USA, a regional bank operating mainly in Southern and Western states. As of March, PNC Bank had nearly 2,600 branches across the US.

7. Truist Bank

Consolidated assets: $546.8 billion

Truist Bank, formed by a merger between BB&T and SunTrust Bank in 2019, operates in 17 states across the Southeastern US and the District of Columbia. Charlotte, North Carolina-based Truist has more than 2,000 bank branches and offers customers access to more than 2,000 ATMs. Truist recently launched Truist One Banking accounts, which provides eligible customers access to traditional banking services without overdraft fees.

8. Goldman Sachs Bank

Consolidated assets: $517.1 billion

Goldman Sachs landed in the top 10 on the Fed’s list for the first time this year and has moved up to the eighth spot since March. Since the 2008 financial crisis, the venerable New York-based multinational investment bank and financial services firm has been rebuilding its brand and has reported $490.7 billion in consolidated assets. Marcus by Goldman Sachs, the consumer banking arm that launched in 2016, offers competitive rates on savings accounts and CDs but doesn’t offer checking or money market accounts.

9. Capital One Bank

Consolidated assets: $465.0 billion

Capital One Bank shifted up one spot on the list in the second quarter. Headquartered in McClean, Virginia, it has 292 branches across seven states with the majority located in Louisiana, Maryland, Texas, New York and Virginia. Capital One Bank may have fewer traditional banking branches than most other members of this list, but it has a massive network of 70,000 ATMs, a mobile banking app, Capital One Cafes in select cities and competitive rates on deposit accounts. The first of the Capital One Lounges opened at the Dallas-Fort Worth airport this year. 

10. TD Bank

Consolidated assets: $374.2 billion

Casting itself as “America’s Most Convenient Bank,” TD Bank, the US-based arm of the Canadian bank TD Bank Group, lands firmly on the list of the largest US banks at No. 10. TD Bank has 1,100 branches located along the East Coast from Maine to Florida -- and most of them are open seven days a week (plus some holidays). You can also access nearly 700 ATMs through the TD Bank network. 

11. Bank of New York Mellon

Consolidated assets: $348.6 billion

Commonly referred to as BNY Mellon, this New York-based investment banking services firm was formed when Mellon Financial Corporation merged with the Bank of New York in 2007. As a global institution, BNY Mellon operates in 35 countries around the world and primarily focuses on investment services for institutions and its high-net-worth clients. It’s one of the three oldest banks in the US and counts Alexander Hamilton, Thomas Jefferson and Benjamin Franklin among its founding shareholders. 

12. State Street Bank and Trust Company

Consolidated assets: $290.9 billion

State Street Bank and Trust Company is a Massachusetts-based investment firm that operates in more than 100 markets globally. With a primary focus on investment management, investment research and trading, this bank hasn’t offered retail banking services or commercial lending since 1999. However, in September, the bank opened a new 500,000-square-foot headquarters in Boston to mark its 230-year history of operations there.

13. BMO

Consolidated assets: $263.3 billion

Formerly known as BMO Harris, the US subsidiary of the multinational Bank of Montreal shortened its name in the fall of 2022. BMO, after recently completing the acquisition of Bank of the West, expanded its US presence and operates more than 1,000 branches across 32 states. BMO also launched BMO Alto in April -- an online-only banking service offering high-yield savings and certificate of deposit accounts.

14. Citizens Bank

Consolidated assets: $222.8 billion

Citizens Bank is a full-service bank that primarily provides retail banking and commercial products for consumers and small businesses in the New England, Mid-Atlantic and Midwest regions of the US. In addition to operating nearly 1,110 branches in 14 states, Citizens Bank has an online-only division, Citizens Access, which has offered services since 2018. To expand its geographic footprint, Citizens Bank acquired Investors Bancorp and HSBC’s East Coast branches and national online deposit business in 2022.

15. First Citizens Bank

Consolidated assets: $209.4 billion

First Citizens Bank rounds out the list as the 15th-largest bank in the US. This full-service bank operates more than 500 branches in 23 states. In 2022, a merger with CIT Bank launched the North Carolina-based bank into the top 20 largest US banks for the first time. The family-owned institution has served retail customers in states where the bank has a physical presence for the past 125 years.