Top 10 America best banks adress،Bank consolidation in the United States has been a trend for the past 35 years. In fact, 14,427 banks were insured by the Federal Deposit Insurance Corporation (FDIC) in 1985. In 2018, however, there were only 4,718. Meanwhile, the number of branches jumped from 43,790 to 78,014. On the one hand, fewer banks means less competition, which is bad for consumers. On the other hand, there are lower costs that big banks can pass on to customers. Plus, you can open online accounts with major banks no matter where you live. Below is a breakdown of the 10 largest U.S. banks by number of assets.
1. JPMorgan : America best banks adress
America best banks adress ،Topping the list is JPMorgan with $3.19 trillion in assets. This makes it the largest bank in the country and one of the largest in the world. The company is the result of the merger of J.P. In 2000, Morgan and Chase Manhattan. While J.P. Morgan is used for investment banking and personal wealth management, the bank provides retail and commercial banking services as Chase.
Nineteenth-century financial magnate John Pierpont Morgan is the company’s namesake and the original J.P. Morgan Bank. Early American statesman and notorious duelist Aaron Burr was one of the creators of the Chase Manhattan.
2. Bank of America : America best banks adress
Bank of America came in second with $2.35 trillion in combined assets. Headquartered in Charlotte, North Carolina, it has single-handedly made the city one of the largest financial centers in the country. This company, while not the largest bank, is actually the largest wealth manager in the world because it owns Merrill Lynch, a giant in the field.
Bank of America has nearly 5,000 branches across the country, not far behind Chase. It started out as a small institution serving immigrants in San Francisco in the early 1900s, oddly called the Bank of Italy. Bank of America briefly dabbled in the Chinese financial industry by buying a stake in China Construction Bank, which it later sold.
3. Fargo Fountain
America best banks adress ،After merging with Norwest Corporation in 1998 and acquiring Wachovia National Bank in 2008, Wells Fargo became the country’s third-largest bank with $1.78 trillion in assets. However, it has the largest number of branches at 5,039, according to Statista. The financial services company is headquartered in San Francisco.
Wells Fargo holds the oldest going concern banking license in the United States. Acquired by Wachovia, initially awarded to First National Bank of Philadelphia. In 2016, the bank gained notoriety over rumors of a corporate culture as employees felt pressured to open 2 million bank accounts without customers’ permission. CEO Tim Sloan resigned in 2019 following a series of allegations of illegal foreclosures and violations of consumer protection laws.
4. Citibank/Citigroup : America best banks adress
America best banks adress ،Next on the list is Citibank (formerly City Bank of New York), worth $1.69 trillion. A pioneer in the credit card industry and ATMs, Citibank was considered the East Coast equivalent of Wells Fargo in the 19th century, when both banks operated regionally. With its foray into Argentina in 1914, Citibank was also the first U.S. bank to open a bank branch overseas. Today, the bank has nearly 1,000 branches in the United States and hundreds more in other parts of the world.
6. Trust Bank
Trust Bank is the smallest bank to enter when compared to other banks on this list. In fact, Trust was only established in September 2019, and it was formed by the merger of two other large banks, SunTrust and BB&T (Branch Banking and Trust Company). Today, the bank has total assets of $510 billion.
The bank’s assets are quite extensive, covering multiple sectors including insurance, investment, and wealth management. It also has one of the largest branches, currently operating 2,590 offices.
7. PNC : America best banks adress
America best banks adress ،Pittsburgh-based PNC is a regional financial institution operating primarily on the East Coast. The bank has 2,202 branches in several eastern states and Washington, D.C., with total assets of $453 billion.
PNC is an acronym for two different banks, representing Pittsburgh National Corporation and Providence National Corporation. When two Pennsylvania banks merged to form the beginnings of the current company, they decided to use the acronym only because of a coincidence of their acronyms. PNC was an early adopter of “virtual wallet” services in traditional banks.
8. TD Bank : America best banks adress
America best banks adress ،TD Bank has $415 trillion in assets and is also a combination of multiple banks. Over the years it has been known as Portland Savings Bank, Banknorth and now TD Bank. In 2008, it acquired Commerce Bank, which later merged with Canada’s TD Banknorth.
While the parent company is Canadian, the U.S. subsidiary is headquartered in Cherry Hill, New Jersey, and has 1,156 branches nationwide.
9. Bank of New York Mellon
The Bank of New York was founded in 1784 by Alexander Hamilton, First Secretary of the Treasury. BNY Mellon is the result of the company’s merger with T. Mellon and Sons, a Pittsburgh firm that funds the steel and fuel industries. A long history makes BNY Mellon the oldest banking company in the country. With total assets of $384 trillion, it has subsidiaries in 29 U.S. cities, Washington, D.C., and three countries (Dubai, Grand Cayman, and the United Kingdom).
10. Capital One
America best banks adress ،Capital One is primarily a retail banking business, offering credit cards, auto loans, home loans, and checking and savings services. Originally a pure-play credit card company, Capital One officially expanded into banking in 2005. In early 2014, Capital One was criticized for changing its customer service terms to allow the bank to contact customers in any way, including deliberately deceiving them. Fake phone caller ID. Today, Capital One has more than $369 billion in assets, despite having one of the smallest number of branches on this list.