Top banks in the United States

Top banks in the United States

When bearing in mind where to put one’s money for safekeeping, the list of bank options seems endless. Various small local institutions can endow you with your hard-earned cash. But for complete service and far-reaching banking, the biggest national banks reign supreme. According to the Federal Reserve, the financial organization is the biggest bank in the U.S. 

Top banks in the United States  

Here is a brief description of the best banks in the United States of America. 

1. JPMorgan-Chase 

The biggest bank in the country and the sixth-biggest in the world. The Federal Reserve reports JPMorgan-Chase as holding approx. $2 trillion in worldwide assets. This makes the bank number one on our list of top 10 banks. The company is the result of 2000 combination of older banks, J.P. Morgan and Corporation. While J.P. Morgan is famous for investment banking and private wealth management. The bank provides retail and money-oriented bank services as Chase.

Location: New York, United States

CEO: Jamie Dimon (31 Dec 2005)

2. Bank of America

The presence of Bank of America‘s head office in Charlotte, North Carolina. It makes that city one of the largest financial centers in the country. Though it is not the as biggest bank, this company is, in fact, the world’s largest wealth controlling firm. As it owns Merrill Lynch, a giant in that field. Bank of America is the eighth-biggest bank in the world by total benefits ($2,354.51 B).

It begins with a small institution serving immigrants in San Francisco. Proceeds into finance with the acquisition of the stake in Chinese Construction Bank. that it later sold off.

The company has made efforts to keep its head office in Charlotte and New York and LEED-certified.

Location: Charlotte, North Carolina, United States

CEO: Brian T. Moynihan (1 Jan 2010)

3. Wells Fargo

Wells Fargo has associated with San Francisco, where it still has a head office. Market capitalization – Wells Fargo is one of the biggest banks in the world. Though it has also fought with China’s Industrial and Commercial Bank for that title back. 

Wells Fargo holds the oldest operating bank charter in America. The bank is grant as the First National Bank of Philadelphia. Wells Fargo pays the highest sum of corporate taxes of any US company each year. But has been accusing of tax avoidance practices

Location: San Francisco, California, U.S

CEO: C. Allen Parker

4. Citi

The City Bank of New York – regarded an East Coast during the 19th century. This bank was also the first United States bank to open a banking office in a foreign country in 1914. Nowadays only 26 percent of Citi’s branch offices located in the United States. Though they generate 51 percent of the bank income.

Location: New York, the United States of America

CEO: Mary McNiff (Apr 2019–)

5. US Bancorp/U.S. Bank

The current US Bancorp is the result of the amalgamation of major regional banks from the West. The bank holds $389 billion benefits as well as $250 billion in deposits, from 16 million customers. Banks prohibited by law from using “U.S” in their names in 1913. This is all about the best banks of the United States of America.

Location: Minneapolis, Minnesota, U.S

Customer service: 00 1 503-401-9991

Source: nerdwallet

The cover image is somewhere in McKinney, Texas, USA. Photo by Ryan Jacobson on Unsplash