Posted by: Bianca Peter

Banking industry market share is important to consumers and investors alike. On the one hand, understanding which banks and credit unions do the most business will help guide your search for the right credit card, prepaid card, checking account, etc. Not only can the biggest banks typically afford to offer the best deals, but they’re popular for a reason and you can use the comparison shopping that other consumers have already done to make your search more efficient. On the other hand, banks with a heavy deposit base typically dominate the lending space, while those with significant assets may garner higher valuations.

• The top 15 banks make up over one half (52%) of the deposits for all banks in the U.S.

Top 15 Largest U.S. Banks based on Total Domestic Deposits

Rank (2018)	Bank	2018 Total Deposits in Billions (% Market Share)	2017 Total Deposits in Billions (% Market Share)	2016 Total Deposits in Billions (% Market Share)	2015 Total Deposits in Billions (% Market Share)	2014 Total Deposits in Billions (% Market Share)	2013 Total Deposits in Billions (% Market Share)
1	Bank of America	$1,312.70(10.67%)	$1,270.15(10.71%)	$1,204.49(10.73%)	$1,169.57(11.02%)	$1,046.21(10.39%)	$1,019.08(10.92%)
2	JPMorgan Chase Bank*	$1,274.09(10.35%)	$1,270.12(10.71%)	$1,155.19(10.29%)	$1,069.43(10.07%)	$1,032.55(10.25%)	$916.54(9.82%)
3	Wells Fargo Bank	$1,270.00(10.32%)	$1,237.79(10.44%)	$1,145.30(10.20%)	$1,086.29(10.23%)	$1,033.62(10.26%)	$924.16(9.90%)
4	Citibank	$509.97(4.14%)	$504.43(4.25%)	$493.07(4.39%)	$467.63(4.41%)	$465.63(4.62%)	$446.22(4.78%)
5	U.S. Bank	$320.95(2.61%)	$329.47(2.78%)	$298.34(2.66%)	$279.55(2.63%)	$263.66(2.62%)	$235.34(2.52%)
6	PNC Bank	$262.18(2.13%)	$257.68(2.17%)	$248.45(2.21%)	$237.99(2.24%)	$221.11(2.20%)	$209.78(2.25%)
7	TD Bank	$247.99(2.01%)	$226.76(1.91%)	$214.51(1.91%)	$194.29(1.83%)	$185.61(1.84%)	$178.32(1.91%)
8	Capital One	$233.07(1.89%)	$220.75(1.86%)	$207.79(1.85%)	$195.64(1.84%)	$191.20(1.90%)	$188.04(2.02%)
9	Charles Schwab Bank	$190.94(1.55%)	$162.37(1.37%)	$137.35(1.22%)	$113.08(1.07%)	$95.73(0.95%)	$84.39(0.90%)
10	BB&T	$166.71(1.35%)	$163.09(1.38%)	$167.00(1.49%)	$141.96(1.34%)	$137.82(1.37%)	$137.19(1.47%)
11	SunTrust Bank	$165.21(1.34%)	$162.67(1.37%)	$155.35(1.38%)	$147.88(1.39%)	$136.87(1.36%)	$129.86(1.39%)
12	Goldman Sachs Bank USA	$127.69(1.04%)	$105.89(0.89%)	$113.71(1.01%)	$77.84(0.73%)	$64.63(0.64%)	$65.38(0.70%)
13	HSBC Bank USA	$123.78(1.01%)	$128.15(1.08%)	$136.08(1.21%)	$126.66(1.19%)	$111.13(1.10%)	$101.46(1.09%)
14	The Bank of New York Mellon	$122.32(0.99%)	$126.19(1.06%)	$138.08(1.23%)	$155.53(1.47%)	$144.05(1.43%)	$119.07(1.28%)
15	Morgan Stanley Bank	$117.77(0.96%)	$100.03(0.84%)	$117.07(1.04%)	$110.65(1.04%)	$96.36(0.96%)	$66.07(0.71%)
	TOTAL DOMESTIC DEPOSITS:		$12,308	$11,860	$11,230	$10,615	$10,072

(Source: FDIC, June, 2010 - 2019)

• The top 5 institutions make up nearly half (47%) of the total bank assets in the U.S.

Top 50 Largest Banks and Thrifts in the U.S. based on Total Assets

Rank (2019)	Bank	Market share Q1 2019 (%)	Total Assets Q1 2019 (In Billions)	Total Assets 2018 (In Billions)	Total Assets 2017 (In Billions)	Total Assets 2016 (In Billions)	Total Assets 2015 (In Billions)	Total Assets 2014 (In Billions)
1	JPMorgan Chase Bank	14.04%	$2,292	$2,219	$2,141	$2,083	$1,915	$2,075
2	Bank of America	10.87%	$1,775	$1,783	$1,752	$1,677	$1,639	$1,574
3	Wells Fargo Bank	10.22%	$1,668	$1,689	$1,747	$1,727	$1,611	$1,533
4	Citibank	8.76%	$1,430	$1,407	$1,385	$1,350	$1,300	$1,357
5	U.S. Bank	2.86%	$467	$459	$456	$441	$417	$399
6	PNC Bank	2.33%	$381	$371	$370	$356	$348	$335
7	Capital One	1.88%	$307	$305	$291	$286	$273	$255
8	TD Bank	1.85%	$301	$303	$288	$269	$246	N/A
9	Bank of New York Mellon	1.66%	$271	$286	$297	$258	$319	$304
10	State Street Bank and Trust	1.38%	$225	$242	$235	$239	$241	$270
11	BB&T	1.35%	$220	$219	$216	$214	$205	$182
12	SunTrust Bank	1.31%	$214	$210	$202	$201	$187	$186
13	Goldman Sachs Bank	1.20%	$196	$192	$165	$159	$135	$118
14	HSBC Bank USA	1.09%	$177	$170	$180	$197	N/A	N/A
15	Ally Bank	0.99%	$162	$159	$137	$124	$111	$104
16	Citizens Bank	0.99%	$161	$129	$122	$117	$108	$103
17	Fifth Third Bank	0.90%	$147	$144	$140	$140	$139	$136
18	Morgan Stanley Bank	0.86%	$141	$150	$130	$129	$136	$126
19	KeyBank	0.86%	$140	$138	$136	$134	$93	$92
20	MUFG Union Bank	0.82%	$133	$131	$119	$116	$115	$113
21	Regions Bank	0.78%	$128	$125	$123	$125	$125	$119
22	American Express Bank	0.75%	$123	$117	N/A	N/A	N/A	N/A
23	BMO Harris Bank	0.75%	$123	$123	$109	$106	$104	$97
24	The Northern Trust Company	0.74%	$121	$132	$138	$124	$116	$110
25	M&T Bank	0.73%	$120	$120	$118	$123	$122	$96
26	Capital One	0.72%	$117	$120	$120	$113	$102	$91
27	Discover Bank	0.67%	$109	$108	$99	$91	$86	$82
28	Huntington Bank	0.66%	$108	$109	$104	$100	$71	$66
29	First Republic Bank	0.62%	$102	$99	$88	$73	$59	$48
30	Compass Bank	0.57%	$93	$90	$87	$84	$85	$80
31	Bank of the West	0.54%	$88	$87	$90	$84	N/A	N/A
32	Santander Bank	0.48%	$79	$77	$74	$83	$90	$80
33	Comerica Bank	0.43%	$71	$71	$72	$73	$72	$69
34	Zions Bank	0.42%	$69	$69	N/A	N/A	N/A	N/A
35	Silicon Valley Bank	0.36%	$59	$56	$50	$44	$44	$38
36	City National Bank	0.32%	$52	$51	N/A	N/A	N/A	N/A
37	Signature Bank	0.30%	$49	$47	$43	$39	$33	$27
38	People’s United Bank	0.29%	$48	$48	$44	$40	$38	N/A
39	Synovus Financial	0.29%	$47	$33	$31	$30	$29	$27
40	CIT Bank	0.27%	$44	$42	$41	$42	$44	N/A
41	East West Bank	0.26%	$42	$41	$37	$35	$32	$29
42	Deutsche Bank	0.26%	$42	$39	$43	$54	N/A	N/A
43	First Horizon	0.25%	$41	$41	$41	$28	$26	$25
44	BOK Financial	0.24%	$40	$34	$32	$32	$31	$29
45	First-Citizens Bank	0.22%	$36	$35	$34	$33	$31	N/A
46	Barclays	0.21%	$35	$33	$34	$33	N/A	N/A
47	Associated Bank	0.21%	$34	$34	$30	$29	$28	$27
48	FNB Bank	0.21%	$34	$33	$31	N/A	N/A	N/A
49	Bank United	0.20%	$33	N/A	N/A	$28	N/A	N/A
50	Valley National	0.20%	$32	N/A	N/A	N/A	N/A	N/A
	TOTAL DOMESTIC ASSETS:		$16,326	16,138	$15,568	$14,985	$14,218	$13,768

(Source: Federal Reserve 2011-2019)

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