What are the top 5 biggest banks in the United States?

What are the top 5 biggest banks in the United States?

July 2nd, 2013 in Business Around the Region

Customers use ATMs at a Bank of America branch in Boston in 2009. (AP Photo)

The biggest banks in the United States:

1 JP Morgan Chase, based in New York City, assets of more than $2 trillion through the combination in the past decade of JP Morgan & Co., Chase Manhattan Bank, Bear Stearns and Washington Mutual.

2 Bank of America, based in Charlotte, N.C., assets of more than $2 trillion through series of acquisitions, including Merrill Lynch and MBNA, both in 2008.

3 Citigroup, based in New York City, assets of $1.8 trillion after 1998 merger with Travelers Group.

4 Wells Fargo, based in San Francisco, assets of $1.4 trillion following acquisition of Wachovia in 2008.

5 Goldman Sachs Group, based in New York City, assets of nearly $1 trillion.

Source: FDIC