5 Largest Banks in the US by Total Deposits

In this article, we will take a look at the 5 largest banks in the US by total deposits. If you want to read our discussion on the banking industry, you can go directly to the 25 Largest Banks in the US by Total Deposits.

5. US Bank

Total Deposits: $522,401,458,000

The US Bank is based out of Minneapolis. It offers many banking products and services, including deposit accounts, loans, credit cards, business banking, wealth management services, and more. The bank’s branches are spread across 26 states.

4. Citibank

Total Deposits: $721,253,000,000

Founded in 1812, Citibank is a part of Citigroup, which is well-known in the financial sector worldwide. It is headquartered in New York and offers a range of different products and services, including deposit accounts, loans, credit cards, wealth management, corporate banking, and more. It currently has branches in 13 states and Washington DC.

3. Wells Fargo

Total Deposits: $1,370,087,000,000

Wells Fargo is a large and well-known national bank founded in 1929 by Henry Wells and William Fargo. The bank provides many banking services to serve the diverse needs of its customers. These include various types of bank accounts, credit cards, loans, and much more. It has more than 4000 locations nationwide.

2. Bank of America

Total Deposits: $1,868,639,000,000

This multinational bank has several divisions, namely Merrill, Bank of America Securities, and Bank of America Private Bank. It offers many different services to customers through its thousands of branches and ATMs. Bank of America was formed in 1956 and is currently serving millions of customers in the US.

1. JPMorgan Chase Bank

Total Deposits: $2,020,955,000,000

JPMorgan Chase Bank is the biggest bank in America in terms of deposits. The bank has a network of 4,700 branches across the US and also extends its operations to several international countries.

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