Banking, finance, and taxes
Wells Fargo Leads Banks in Number of Branches
Published:
Bank branch count is not directly related to a financial firm’s total deposits, but the correlation is close. Wells Fargo & Co. (NYSE: WFC) had 6,314 branches as of June 2014. It ranked third among all banks in deposits, though, with $1,073,543,725, according to the FDIC.
In second place, among banks based on total number of branches was JPMorgan Chase & Co. (NYSE: JPM) at 5,682, with the second largest deposit base at 1,079,452,805. Bank of America (NYSE: BAC) was third in branch count, but first in deposits — 5,096 against $1,172,985,000.
The top 10 banks in terms of total deposits are:
Bank Holding Company Name | BHC ID | State Headquartered |
No. of Offices |
Total Deposits June 30, 2014 |
||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
BANK OF AMERICA CORPORATION | 1073757 | North Carolina | 5,096 | 1,172,985,000 | ||||||||
JPMORGAN CHASE & CO. | 1039502 | New York | 5,682 | 1,079,452,805 | ||||||||
WELLS FARGO & COMPANY | 1120754 | California | 6,314 | 1,073,543,725 | ||||||||
CITIGROUP INC. | 1951350 | New York | 962 | 466,817,064 | ||||||||
U.S. BANCORP | 1119794 | Minnesota | 3,238 | 263,661,347 | ||||||||
CAPITAL ONE FINANCIAL CORPORATION | 2277860 | Virginia | 886 | 226,933,908 | ||||||||
PNC FINANCIAL SERVICES GROUP, INC., THE | 1069778 | Pennsylvania | 2,821 | 221,109,179 | ||||||||
TORONTO-DOMINION BANK, THE | 1238565 | Foreign * | 1,329 | 199,544,503 | ||||||||
BANK OF NEW YORK MELLON CORPORATION, THE | 3587146 | New York | 46 | 156,592,067 | ||||||||
BB&T CORPORATION | 1074156 | North Carolina | 1,843 | 137,818,798 |
ALSO READ: America’s 50 Best Cities to Live
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.