Wells Fargo Leads Banks in Number of Branches

Banking, finance, and taxes

Published: September 30, 2014 6:36 am

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

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