15 Best Banks in America in 2020

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Since the great recession in the early years, the nations’ biggest bank has grown rapidly and substantially. However, the biggest and best banks in America now hold a combined total of $11.84 trillion in the assets.

There are changed in this exclusive club every year. This results in larger banks’ trade placed, and the smaller ones drop out as the weird growing rivals replace them.

Here are the 15 largest and best banks in America according to the Federal Reserve’s latest numbers and assets.

Largest & Best Banks in America

#1 JPMorgan Chase & Co.

Chase Routing Number

Chase is taking steps to expand its branch network in key markets, unlike its competitors, and is the consumer banking division of JPMorgan Chase.

  • Assets: $2.69 trillion
  • Deposits: $1.90 trillion
  • Headquarters: New York

Check: Chase Bank Routing Number

#2 Bank of America Corp.

Bank of America Routing Number
Credit: Fortune

This bank serves about 66 million consumers along with the small business clients across the world. Bank of America is known for its digital innovation, just like many of the biggest banks.

  • Assets: $2.03 trillion
  • Deposits: $1.67 trillion
  • Headquarters: Charlotte, North Carolina

Check: Bank of America Routing Number – Location Wise

#3 Wells Fargo & Co.

Wells Fargo Routing Number - Best Banks in America

It is one of the biggest banks in the U.S., founded in 1852. it still has the most branches of any bank in the country, although it has focused on consolidating and eliminating branches.

  • Assets: $1.76 trillion
  • Deposits: $1.45 trillion
  • Headquarters: San Francisco

Read: Wells Fargo Routing Number

#4 Citigroup Inc.

Citibank Routing Number - Best banks in America

It is also one of the largest and best banks in the USA and a globally financial service corporation. U.S. customers also have access to more than 65,000 fee-free ATMs

  • Assets: $1.63 trillion
  • Deposits: $1.21 trillion
  • Headquarters: New York

Read: Citibank Routing Number

#5 U.S. Bancorp

U.S. Bancorp is the parent company and the bank holding company of the U.S. Bank. By assets, it is the fifth-largest commercial bank.

  • Assets: $533.13 billion
  • Deposits: $405.82 billion
  • Headquarters: Minneapolis

#6 Truist Financial Corporation

It is one of the biggest best banks in the America, formed by the merger of the equals of BB&T and SunTrust.

  • Assets: $495.08 billion
  • Deposits: $362.83 billion
  • Headquarters: Charlotte, North Carolina

#7 PNC Financial Services Group Inc.

PNC is the regional bank that is being operated in the South, Northeast, and Midwest. Pittsburgh Trust and Savings Co. founded it in 2008.

  • Assets: $433.80 billion
  • Deposits: $313.47 billion
  • Headquarters: Pittsburgh

#8 Bank of New York Mellon Corp.

The Bank of New York was the first company traded when the New York Stock Exchange opened in 1792.

  • Assets: $387.04 billion
  • Deposits: $25.87 billion
  • Headquarters: New York

#9 State Street Corp.

State Street Corp. is an asset management company and financial services with a global presence and 40,000 employees. It was founded in 1792 and is present in more than 100 markets.

  • Assets: $359.20 billion
  • Deposits: $263.43 billion
  • Headquarters: Boston

#10 TD Group U.S. Holdings LLC

TD Bank Routing Number 1
Image Credit: The Balance

It is one of the largest banks in the U.S. and commercial banking arm of the T.D. Bank Group of Canada.

  • Assets: $355.77 billion
  • Deposits: $305.69 billion
  • Headquarters: Cherry Hill, New Jersey

Check: TD Bank Routing Number – Location Wise

#11 Capital One Financial Corp.

Capital one Financial Corporation including Capital One Bank, Capital One is a Fortune 500 company with subsidiaries.

  • Assets: $339.22 billion
  • Deposits: $266.71 billion
  • Headquarters: McLean, Virginia

#12 Goldman Sachs Group Inc.

Goldman Sachs Group Inc. is global investment management, banking, and security firm whose clients have access to several financial services.

  • Assets: $254.67 billion
  • Deposits: $180.22 billion
  • Headquarters: New York

#13 HSBC North America Holdings Inc.

HSBC North America Holdings Inc. is the company in charge of the HSB Holdings. However, it has branches in Los Angeles, Atlanta, Miami, San Francisco, New York, Chicago, Washington D.C., and Seattle.

  • Assets: $201.89 billion
  • Deposits: $146.30 billion
  • Headquarters: New York

#14 Fifth Third Bancorp

It is indirectly the parent company of the Fifth Third Bank, which is a National Association. It is more than 1100 banks in Indiana, Michigan, North Carolina, Ohio, Florida, Georgia, Tennessee, West Virginia, Kentucky, and Illinois.

  • Assets: $183.72 billion
  • Deposits: $140.44 billion
  • Headquarters: Cincinnati, Ohio

#15 Morgan Stanley

It is also one of the biggest banks in the USA that is a financial services firm with offices present in more than 41 countries around the globe. It is known for providing a wide range of wealth management and investment services after it was founded in 1935.

  • Assets: $178.66 billion
  • Deposits: $156 billion
  • Headquarters: New York

Author: Bakhtawar