- Finance & Banking
15 Largest Commercial Banks in the United States (2026 Update)
In today’s fast-paced financial landscape, interactions with commercial banks are a routine part of life, whether depositing funds, withdrawing cash, or cashing checks. These financial institutions encompass both private and public sector banks, serving as the backbone of personal and business banking.
Commercial banks are pivotal in the financial ecosystem. They generate profits by providing loans—such as mortgages, auto loans, and personal loans—and earning interest on these loans. When customers deposit money, these funds are utilized by banks to create the capital necessary for lending.
These institutions are crucial not only for consumer services but also for fostering capital creation and liquidity in the market. By facilitating credit creation, commercial banks contribute significantly to economic growth, enhancing production, employment, and consumer spending.
While we rely on commercial banks, we might not be fully aware of the scale and scope of these institutions. Here, we present the 15 largest commercial banks in the United States as of 2026:
The Top 15 Largest Commercial Banks in the United States (2026)
Let’s take a closer look at the financial institutions that hold the top spots as the largest commercial banks in the country as of 2026.
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Total Assets (as of 2023): $3.12 trillion
JPMorgan Chase & Co. is an American-owned global investment bank and financial services holding company. Headquartered in New York City, this bank is ranked as the largest bank in the United States and the fifth-largest bank in the world, based on total assets.
Chase Bank serves as the consumer banking division of this organization and has expanded its branch networks in key markets. As of 2023, this organization operates nearly 5,500 branches with over 17,000 ATMs nationwide, and approximately half of U.S. households have Chase Bank accounts.
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Total Assets (as of 2023): $2.61 trillion
Bank of America Corporation, often referred to as BoA, is headquartered in Charlotte, North Carolina.
The company maintains central hubs in New York City, Dallas, Toronto, London, and Hong Kong, serving approximately 11% of all American bank deposits, which translates to about 70 million consumers and small business clients globally.
Bank of America is recognized for its digital innovation, with over 40 million customers utilizing their virtual banking services.
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Total Assets (as of 2023): $1.88 trillion
Wells Fargo is another major American multinational financial services company, headquartered in San Francisco, California with its operational headquarters in New York City.
Despite facing significant challenges and public scrutiny in recent years, Wells Fargo continues to have the most branches of any bank in the U.S. It offers clients a mobile banking app, simplifying operations such as check deposits and account management.
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Total Assets (as of 2023): $1.74 trillion
Citigroup Inc., commonly known as Citi, is an American-owned global investment bank and financial services corporation headquartered in New York City. This company was formed by a merger between Citicorp and Travelers Group in 1998.
The retail banking division, Citibank, operates from Sioux Falls, South Dakota and features over 700 branches across the United States and 2,000 globally, with access to more than 68,000 ATMs.
In February 2021, Jane Fraser made history as the first female CEO of a major Wall Street bank, marking a significant milestone for gender representation in finance.
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Total Assets (as of 2023): $600 billion
U.S. Bancorp is a bank holding company based in Minneapolis, Minnesota and incorporated in Delaware. The bank operates over 3,000 branches and nearly 5,000 ATMs, predominantly in the Western and Midwestern states.
Founded in 1863 as the First National Bank of Cincinnati, U.S. Bancorp has grown through multiple mergers to become a leading commercial bank by assets.
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Truist Financial Corporation
Total Assets (as of 2023): $523 billion
Truist Financial Corporation is an American bank holding company based in Charlotte, North Carolina, resulting from the merger of BB&T and SunTrust Banks in December 2019.
The bank operates over 2,000 branches across 15 states, providing financial services to approximately 10 million consumer households.
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Total Assets (as of 2023): $472 billion
PNC Financial Services Group, or PNC, is a bank holding company headquartered in Pittsburgh, Pennsylvania. Its banking subsidiary operates in 21 states, with approximately 3,000 branches and over 9,000 ATMs nationwide.
Founded as Pittsburgh Trust and Savings Co., PNC expanded significantly in 2008 through the acquisition of National City Corp. and recently acquired BBVA USA for $11.6 billion, which may influence its future standing among the largest commercial banks.
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Total Assets (as of 2023): $415 billion
TD Bank is the U.S. commercial banking division of the Toronto-Dominion Bank, headquartered in Toronto, Ontario, with its U.S. headquarters in Cherry Hill, New Jersey.
TD Bank serves over 8 million customers through more than 1,300 branches across the Eastern United States. Known as “America’s Most Convenient Bank,” it emphasizes flexible hours, including weekends, to accommodate customers.
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Total Assets (as of 2023): $385 billion
Capital One Financial Corporation specializes in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia.
This technology-focused bank operates primarily in the U.S. and features Capital One Cafés in select cities, blending the coffee shop experience with banking services, where customers can open accounts or attend financial workshops.
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Total Assets (as of 2023): $372 billion
The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and Mellon Financial Corporation in 2007.
As one of the oldest banking institutions in the country, BNY Mellon has a significant legacy, being the first company ever traded in the U.S. in 1792.
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Total Assets (as of 2023): $290 billion
The Goldman Sachs Group is a global investment bank and financial services company headquartered in New York City. It specializes in investment management, securities, asset management, and securities underwriting.
Goldman Sachs provides various financial services, including banking products through its online banking platform, Marcus, named after its founder, Marcus Goldman.
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Total Assets (as of 2023): $272 billion
State Street Corporation is a financial services and bank holding company headquartered in Boston, with operations across the globe. It is the second-oldest continually operating bank in the United States, with roots tracing back to 1792.
Employing around 40,000 individuals, State Street provides investment research, trading, and management services across over 100 global markets.
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Total Assets (as of 2023): $210 billion
HSBC Bank, USA, National Association is the American subsidiary of the UK-based HSBC. Its U.S. headquarters is located in New York City, with 160 branch locations across major cities such as Los Angeles, Chicago, Atlanta, Houston, Miami, San Francisco, Seattle, and Washington D.C.
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Total Assets (as of 2023): $210 billion
Fifth Third Bank, or 5/3 Bank, is headquartered in Cincinnati, Ohio. It is the principal subsidiary of Fifth Third Bancorp, a diversified bank holding company.
Fifth Third Bank operates around 1,100 branches across states such as Ohio, Florida, Georgia, Kentucky, Illinois, Indiana, Michigan, North Carolina, Tennessee, and West Virginia, ensuring accessibility for many customers.
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Total Assets (as of 2023): $190 billion
Citizens Financial Group is an American bank headquartered in Providence, Rhode Island, with operations primarily along the East Coast. From 1988 to 2015, Citizens was owned by The Royal Bank of Scotland Group.
With over 1,000 branches and more than 3,100 ATMs, Citizens maintains a substantial presence across 11 states.
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In summary, the commercial banking landscape in the United States continues to evolve, with these top institutions playing a crucial role in the economy. They not only provide essential banking services to millions of Americans but also contribute significantly to economic stability and growth. Understanding the largest banks helps consumers make informed financial decisions and explore career opportunities within these leading institutions.
- Finance & Banking
Author
Caitlin Mazur is a freelance writer at Zippia. Caitlin is passionate about helping Zippia’s readers land the jobs of their dreams by offering content that discusses job-seeking advice based on experience and extensive research. Caitlin holds a degree in English from Saint Joseph’s University in Philadelphia, PA.
