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Biggest Banks and Credit Unions by Asset Size (2020)

 

We’ve found that it’s harder than it should be to obtain a current list of the biggest banks and credit unions by asset size, so we decided to put it here for easy access. No need to go digging through a database. Here it is.

 

If you want to learn more about our Bank and Credit Union Executive Search Practice, contact one of our search partners at contact@cowenpartners.com

 

Data is sourced from the most recently published FDIC and NCUA quarterly reports  — March 2020.

Results

Rank Financial Institution Headquarters Assets Asset Growth(vs. prior year) Branches Statesw/ Branches Employees Customer Accounts
1 Chase Bank Columbus, OH $2,337,646,000,000 5.08% 5,156 35 201,005 59,699,112
2 Bank of America Charlotte, NC $1,852,983,000,000 3.80% 4,440 37 137,072 102,164,201
3 Wells Fargo Bank San Francisco, CA $1,712,919,000,000 1.38% 5,425 40 232,982 76,432,476
4 Citi Sioux Falls, SD $1,453,998,000,000 3.25% 955 12 158,759 20,871,889
5 US Bank Minneapolis, MN $486,004,220,000 5.46% 2,831 27 68,375 30,224,338
6 BB&T Winston Salem, NC $461,256,000,000 52.51% 2,938 16 53,430 14,241,540
7 PNC Bank Pittsburgh, PA $397,703,264,000 6.84% 2,345 22 51,466 18,335,918
8 Capital One Mclean, VA $328,999,040,000 7.40% 468 9 31,396 17,399,006
9 TD Bank Wilmington, DE $320,471,996,000 5.56% 1,226 16 25,770 20,145,019
10 The Bank of New York Mellon New York, NY $311,387,000,000 8.02% 24 6 38,549 1,010,296
11 State Street Bank and Trust Company Boston, MA $242,148,000,000 0.05% 3 1 30,424 39,695
12 Goldman Sachs Bank USA New York, NY $228,836,000,000 16.31% N/A N/A 2,185 1,357,813
13 Charles Schwab Bank Henderson, NV $216,654,000,000 -7.43% N/A N/A 726 1,453,513
14 HSBC Tysons, VA $172,887,701,000 1.78% 241 10 4,596 1,374,485
15 Fifth Third Bank (OH) Cincinnati, OH $167,845,100,000 13.94% 1,215 12 19,841 6,336,197
16 Ally Bank Sandy, UT $167,492,000,000 4.90% N/A N/A 7,940 4,010,185
17 Citizens Bank (RI) Providence, RI $165,742,416,000 21.91% 1,054 11 17,878 5,057,364
18 Morgan Stanley Bank, National Association Salt Lake City, UT $146,645,000,000 -2.12% 1 1 309 1,280
19 KeyBank Cleveland, OH $143,390,269,000 3.78% 1,113 16 16,578 4,796,227
20 BMO Harris Bank Chicago, IL $137,588,093,000 10.50% 564 8 11,277 2,350,492
21 The Northern Trust Company Chicago, IL $135,885,433,000 3.08% 58 17 19,619 140,225
22 Union Bank (San Francisco, CA) San Francisco, CA $133,193,818,000 1.81% 347 7 12,354 2,079,762
23 Regions Bank Birmingham, AL $125,641,000,000 0.74% 1,444 15 19,496 6,685,587
24 American Express National Bank Salt Lake City, UT $121,931,159,000 4.33% N/A N/A 283 1,316,202
25 M&T Bank Buffalo, NY $119,432,105,000 -0.17% 743 9 16,847 3,673,438
26 First Republic Bank San Francisco, CA $116,263,634,000 14.67% 79 7 4,812 606,409
27 Discover Bank Greenwood, DE $112,384,202,000 3.89% N/A N/A 11,505 5,227,214
28 Navy Federal Credit Union Vienna, VA $110,118,167,000 13.45% 337 31 17,291 18,460,125
29 Huntington National Bank Columbus, OH $108,739,378,000 0.06% 860 6 14,506 4,950,500
30 Bank of the West San Francisco, CA $92,968,547,000 6.13% 551 19 9,701 1,920,458
31 BBVA Birmingham, AL $92,657,948,000 2.81% 641 7 9,972 3,159,892
32 Synchrony Bank Draper, UT $91,281,000,000 -0.55% N/A N/A 9,798 2,233,740
33 USAA Bank San Antonio, TX $88,795,582,000 8.10% N/A N/A 13,358 11,856,924
34 Santander Bank, N.A Wilmington, DE $84,670,854,000 8.77% 604 8 9,722 3,131,401
35 Morgan Stanley Trust New York, NY $83,036,000,000 9.47% 1 2 798 507
36 Comerica Bank Dallas, TX $73,336,000,000 3.54% 436 5 6,993 1,188,709
37 Silicon Valley Bank Santa Clara, CA $69,942,929,000 19.74% 5 1 3,140 70,951
38 Zions Bank Salt Lake City, UT $69,171,552,000 0.62% 431 11 10,188 1,479,970
39 UBS Bank USA Salt Lake City, UT $63,780,722,000 6.92% 1 0 404 3,102
40 City National Bank (CA) Los Angeles, CA $61,390,143,000 17.41% 73 8 5,204 262,939
41 People’s United Bank Bridgeport, CT $58,343,490,000 18.41% 441 6 6,357 1,881,824
42 New York Community Bank Westbury, NY $53,617,338,000 3.25% 240 5 2,797 805,690
43 Signature Bank New York, NY $50,621,162,000 6.43% 32 3 1,493 141,753
44 Synovus Bank Columbus, GA $48,103,435,000 32.27% 300 5 5,000 816,187
45 TCF Bank Sioux Falls, SD $46,627,366,000 49.15% 504 7 7,778 2,627,041
46 CIT Bank Pasadena, CA $45,268,906,000 6.82% N/A N/A 3,146 543,471
47 East West Bank Pasadena, CA $44,181,503,000 7.16% 118 7 3,294 491,060
48 First Horizon Memphis, TN $43,126,164,000 5.77% 270 6 5,049 1,222,560
49 BOK Financial Tulsa, OK $42,074,066,000 18.94% 0 2 4,830 732,920
50 TIAA Bank Jacksonville, FL $41,950,721,000 12.04% N/A N/A 2,576 833,779
51 State Employees’ Credit Union (NC) Raleigh, NC $40,874,922,000 5.62% 271 1 7,108 4,894,776
52 First Citizens Bank (NC) Raleigh, NC $39,787,666,000 11.36% 557 19 6,999 1,614,462
53 Deutsche Bank Trust Company Americas New York, NY $37,585,000,000 -4.07% 15 1 516 9,752
54 Valley Passaic, NJ $37,441,578,000 14.99% 225 4 3,183 709,139
55 First National Bank of Pennsylvania Pittsburgh, PA $34,531,413,000 4.36% 369 6 3,954 1,114,861
56 Frost Bank San Antonio, TX $34,105,305,000 5.13% 147 1 4,659 705,727
57 Barclays Wilmington, DE $33,871,000,000 2.29% N/A N/A 2,777 901,265
58 CIBC USA Chicago, IL $33,588,619,000 13.79% 23 4 1,670 117,129
59 BankUnited Miami Lakes, FL $32,782,199,000 2.15% 80 2 1,507 183,143
60 Sallie Mae Bank Salt Lake City, UT $32,598,529,000 18.45% N/A N/A 1,952 303,681
61 Texas Capital Bank Dallas, TX $32,529,274,000 13.17% 11 1 1,736 30,741
62 Associated Bank, NA Green Bay, WI $32,343,129,000 -3.75% 253 3 4,669 1,110,829
63 Prosperity Bank (TX) El Campo, TX $32,184,416,000 29.50% 295 2 3,901 782,627
64 IBERIABANK Lafayette, LA $31,614,914,000 2.77% 189 9 3,148 452,339
65 Sterling National Bank (NY) Montebello, NY $30,566,521,000 -2.44% 80 2 1,639 557,727
66 Webster Bank Waterbury, CT $30,412,303,000 9.20% 163 4 3,294 1,448,857
67 Umpqua Bank Roseburg, OR $28,816,687,000 6.64% 252 5 3,888 764,348
68 Pinnacle Bank (TN) Nashville, TN $27,665,771,000 9.98% 47 2 2,440 342,848
69 Western Alliance Bank Phoenix, AZ $26,862,673,000 13.86% 38 1 1,865 136,577
70 Pacific Western Bank Beverly Hills, CA $26,732,400,000 3.85% 78 2 1,812 132,568
71 Investors Bank Short Hills, NJ $26,708,543,000 1.66% 148 2 1,761 1,652,293
72 Raymond James Bank Saint Petersburg, FL $26,468,603,000 5.02% 1 1 268 9,012
73 UMB Bank, National Association Kansas City, MO $26,357,635,000 12.22% 98 8 2,899 1,610,323
74 Commerce Bank Kansas City, MO $25,955,469,000 2.20% 175 7 4,650 1,071,571
75 PenFed Credit Union McLean, VA $24,766,867,000 2.78% 48 15 2,552 2,711,726
76 Bank OZK Little Rock, AR $23,559,400,000 4.97% 238 8 2,774 525,494
77 Flagstar Bank Troy, MI $23,234,514,000 20.52% 160 5 4,453 526,099
78 MidFirst Bank Oklahoma City, OK $22,986,309,000 25.04% 78 3 2,678 449,710
79 First National Bank of Omaha Omaha, NE $22,555,038,000 4.31% 51 2 4,614 917,845
80 BECU (Boeing Employees Credit Union) Tukwila, WA $21,804,602,000 13.98% 56 2 2,160 2,553,833
81 Fulton Bank, National Association Lancaster, PA $21,768,001,000 42.31% 228 5 2,102 760,897
82 Bancorp South Tupelo, MS $21,061,188,000 14.49% 315 8 4,693 677,815
83 Old National Bank Evansville, IN $20,311,535,000 3.34% 116 5 2,491 730,117
84 First Hawaiian Bank Honolulu, HI $20,167,600,000 -2.55% 58 1 2,092 529,551
85 FirstBank (Lakewood, CO) Lakewood, CO $19,904,290,000 7.00% 119 3 2,787 966,043
86 United Bank (VA) Fairfax, VA $19,644,548,000 2.02% 139 3 2,144 434,739
87 Arvest Bank Fayetteville, AR $19,446,410,000 5.12% 276 4 6,393 1,329,235
88 Ameris Bank Atlanta, GA $18,156,981,000 37.45% 176 4 2,722 457,789
89 Cathay Bank Los Angeles, CA $18,066,529,000 7.21% 62 8 1,219 273,503
90 Bank of Hawaii Honolulu, HI $18,065,971,000 5.26% 66 1 2,124 707,611
91 Cadence Bank, N.A. Atlanta, GA $17,778,013,000 28.48% 108 6 1,849 239,509
92 First Midwest Bank Chicago, IL $17,757,753,000 13.10% 119 3 2,106 602,024
93 Simmons Bank Pine Bluff, AR $17,659,319,000 6.46% 217 8 2,686 494,667
94 Atlantic Union Bank Richmond, VA $17,516,056,000 21.60% 152 3 1,989 491,741
95 Mechanics Bank (CA) Walnut Creek, CA $17,204,194,000 64.94% 147 2 2,218 393,450
96 CenterState Bank Winter Haven, FL $17,136,249,000 28.07% 80 3 2,756 376,179
97 State Farm Bank Bloomington, IL $16,424,788,000 -3.01% N/A N/A 1,497 624,412
98 WaFd Bank Seattle, WA $16,420,261,000 1.40% 234 8 1,986 479,573
99 SchoolsFirst Federal Credit Union Santa Ana, CA $16,112,718,000 7.68% 56 1 1,833 2,276,491
100 Wells Fargo National Bank West Las Vegas, NV $16,012,936,000 37.77% 1 1 0 50,369