Open Banking or FedNow: Where to Start?
September 14, 2023 | 2 min read
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We found that it was harder than it should be to find a current list of the largest banks in the United States ranked by domestic deposits, so we made one. Below is the latest update based on Dec. 31, 2022, data from the FDIC.
The biggest bank in the United States by total domestic deposits is JPMorgan Chase with $2 trillion. The next biggest are Bank of America, Wells Fargo, and Citi, followed by US Bank and PNC Bank.
We have ranked the top 250 banks in the U.S. by total domestic deposits below. To view more data, check out these other lists of top banks and credit unions:
In December 2022, the FDIC listed 4,715 banks in total in the U.S.
Did you know that 72% of consumers say they would switch their primary bank if it didn’t connect to their favorite financial app? MX offers open finance APIs to enable companies to do more with financial data. Learn more about why open finance is the future of banking.
*Note: Data available as of December 31, 2022, and does not reflect recent market changes.
Please also note FDIC lists all data in thousands USD and should be read as follows: $2,000,000,000 = $2 trillion.
Rank |
Institution Name |
Total Domestic Deposits |
1 |
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION |
$ 2,014,513,000 |
2 |
BANK OF AMERICA, NATIONAL ASSOCIATION |
$ 1,929,333,000 |
3 |
WELLS FARGO BANK, NATIONAL ASSOCIATION |
$ 1,399,274,000 |
4 |
CITIBANK, NATIONAL ASSOCIATION |
$ 777,024,000 |
5 |
U.S. BANK NATIONAL ASSOCIATION |
$ 453,331,532 |
6 |
PNC BANK, NATIONAL ASSOCIATION |
$ 441,663,089 |
7 |
TRUIST BANK |
$ 424,773,000 |
8 |
CAPITAL ONE, NATIONAL ASSOCIATION |
$ 354,959,946 |
9 |
GOLDMAN SACHS BANK USA |
$ 352,005,000 |
10 |
TD BANK, NATIONAL ASSOCIATION |
$ 329,741,187 |
11 |
CHARLES SCHWAB BANK, SSB |
$ 325,993,000 |
12 |
MORGAN STANLEY PRIVATE BANK, NATIONAL ASSOCIATION |
$ 192,265,000 |
13 |
CITIZENS BANK, NATIONAL ASSOCIATION |
$ 182,871,182 |
14 |
THE BANK OF NEW YORK MELLON |
$ 181,486,000 |
15 |
MORGAN STANLEY BANK, NATIONAL ASSOCIATION |
$ 177,356,000 |
16 |
FIRST REPUBLIC BANK |
$ 176,436,706 |
17 |
FIFTH THIRD BANK, NATIONAL ASSOCIATION |
$ 169,348,160 |
18 |
MANUFACTURERS AND TRADERS TRUST COMPANY |
$ 165,947,339 |
19 |
STATE STREET BANK AND TRUST COMPANY |
$ 163,284,000 |
20 |
SILICON VALLEY BANK |
$ 161,479,000 |
21 |
ALLY BANK |
$ 156,058,000 |
22 |
THE HUNTINGTON NATIONAL BANK |
$ 151,720,663 |
23 |
KEYBANK NATIONAL ASSOCIATION |
$ 145,991,717 |
24 |
BMO HARRIS BANK NATIONAL ASSOCIATION |
$ 142,016,082 |
25 |
REGIONS BANK |
$ 133,792,000 |
26 |
HSBC BANK USA, NATIONAL ASSOCIATION |
$ 129,790,483 |
27 |
AMERICAN EXPRESS NATIONAL BANK |
$ 119,923,682 |
28 |
UBS BANK USA |
$ 103,818,007 |
29 |
USAA FEDERAL SAVINGS BANK |
$ 102,056,000 |
30 |
DISCOVER BANK |
$ 94,876,159 |
31 |
FIRST-CITIZENS BANK & TRUST COMPANY |
$ 89,536,663 |
32 |
SIGNATURE BANK |
$ 88,612,911 |
33 |
MUFG UNION BANK, NATIONAL ASSOCIATION |
$ 81,993,225 |
34 |
SANTANDER BANK, N.A. |
$ 76,009,038 |
35 |
CITY NATIONAL BANK |
$ 75,445,967 |
36 |
SYNCHRONY BANK |
$ 74,271,000 |
37 |
COMERICA BANK |
$ 72,806,000 |
38 |
BANK OF THE WEST |
$ 72,129,430 |
39 |
ZIONS BANCORPORATION, N.A. |
$ 71,652,092 |
40 |
FIRST HORIZON BANK |
$ 64,839,262 |
41 |
FLAGSTAR BANK, NATIONAL ASSOCIATION |
$ 58,842,231 |
42 |
WEBSTER BANK, NATIONAL ASSOCIATION |
$ 54,363,251 |
43 |
WESTERN ALLIANCE BANK |
$ 53,918,167 |
44 |
EAST WEST BANK |
$ 53,225,764 |
45 |
BANCO POPULAR DE PUERTO RICO |
$ 52,802,000 |
46 |
THE NORTHERN TRUST COMPANY |
$ 50,357,882 |
47 |
SYNOVUS BANK |
$ 49,414,623 |
48 |
VALLEY NATIONAL BANK |
$ 47,782,583 |
49 |
FROST BANK |
$ 44,359,079 |
50 |
CIBC BANK USA |
$ 40,981,678 |
51 |
CADENCE BANK |
$ 38,972,922 |
52 |
RAYMOND JAMES BANK |
$ 38,461,530 |
53 |
SOUTHSTATE BANK, NATIONAL ASSOCIATION |
$ 36,446,864 |
54 |
FIRST NATIONAL BANK OF PENNSYLVANIA |
$ 35,472,158 |
55 |
OLD NATIONAL BANK |
$ 35,436,005 |
56 |
PINNACLE BANK |
$ 35,156,173 |
57 |
BOKF, NATIONAL ASSOCIATION |
$ 34,709,023 |
58 |
PACIFIC WESTERN BANK |
$ 34,285,463 |
59 |
UMB BANK, NATIONAL ASSOCIATION |
$ 32,829,617 |
60 |
TD BANK USA, NATIONAL ASSOCIATION |
$ 31,661,431 |
61 |
ASSOCIATED BANK, NATIONAL ASSOCIATION |
$ 29,680,073 |
62 |
HANCOCK WHITNEY BANK |
$ 29,210,138 |
63 |
PROSPERITY BANK |
$ 28,579,730 |
64 |
BARCLAYS BANK DELAWARE |
$ 28,424,000 |
65 |
CHARLES SCHWAB PREMIER BANK, SSB |
$ 28,332,000 |
66 |
BANKUNITED, NATIONAL ASSOCIATION |
$ 27,800,064 |
67 |
UMPQUA BANK |
$ 27,211,505 |
68 |
DEUTSCHE BANK TRUST COMPANY AMERICAS |
$ 26,830,000 |
69 |
BNY MELLON, NATIONAL ASSOCIATION |
$ 26,434,000 |
70 |
COMMERCE BANK |
$ 26,425,638 |
71 |
TIAA, FSB |
$ 26,396,062 |
72 |
FIRSTBANK |
$ 25,595,157 |
73 |
FIRST INTERSTATE BANK |
$ 25,073,772 |
74 |
FIRST NATIONAL BANK OF OMAHA |
$ 24,906,792 |
75 |
TEXAS CAPITAL BANK |
$ 23,102,640 |
76 |
SIMMONS BANK |
$ 22,675,640 |
77 |
UNITED BANK |
$ 22,557,697 |
78 |
ARVEST BANK |
$ 22,226,132 |
79 |
SALLIE MAE BANK |
$ 21,646,467 |
80 |
BANK OZK |
$ 21,500,143 |
81 |
FULTON BANK, NATIONAL ASSOCIATION |
$ 20,834,546 |
82 |
GLACIER BANK |
$ 20,682,239 |
83 |
CITY NATIONAL BANK OF FLORIDA |
$ 20,252,877 |
84 |
UNITED COMMUNITY BANK |
$ 20,220,128 |
85 |
MIDFIRST BANK |
$ 19,996,369 |
86 |
FIRST HAWAIIAN BANK |
$ 19,932,845 |
87 |
AMERIS BANK |
$ 19,616,796 |
88 |
BANK OF HAWAII |
$ 19,474,651 |
89 |
STIFEL BANK AND TRUST |
$ 19,212,223 |
90 |
BANK OF CHINA |
$ 19,171,827 |
91 |
EASTERN BANK |
$ 19,122,957 |
92 |
BEAL BANK USA |
$ 18,933,558 |
93 |
CATHAY BANK |
$ 18,336,332 |
94 |
AMERIPRISE BANK, FSB |
$ 18,305,469 |
95 |
CENTENNIAL BANK |
$ 18,298,353 |
96 |
CUSTOMERS BANK |
$ 18,271,501 |
97 |
PACIFIC PREMIER BANK |
$ 17,389,848 |
98 |
COLUMBIA STATE BANK |
$ 16,726,449 |
99 |
WILMINGTON SAVINGS FUND SOCIETY, FSB |
$ 16,436,990 |
100 |
WASHINGTON FEDERAL BANK |
$ 16,203,172 |
101 |
ROCKLAND TRUST COMPANY |
$ 16,051,779 |
102 |
FIRSTBANK PUERTO RICO |
$ 15,980,677 |
103 |
ATLANTIC UNION BANK |
$ 15,955,788 |
104 |
AXOS BANK |
$ 15,875,758 |
105 |
BANK OF HOPE |
$ 15,801,893 |
106 |
THE CENTRAL TRUST BANK |
$ 15,658,648 |
107 |
MECHANICS BANK |
$ 15,499,389 |
108 |
INDEPENDENT BANK |
$ 15,127,420 |
109 |
APPLE BANK FOR SAVINGS |
$ 15,080,392 |
110 |
TRUSTMARK NATIONAL BANK |
$ 14,513,508 |
111 |
FIRST MERCHANTS BANK |
$ 14,439,483 |
112 |
TRISTATE CAPITAL BANK |
$ 14,104,077 |
113 |
BANK OF AMERICA CALIFORNIA, NATIONAL ASSOCIATION |
$ 13,984,000 |
114 |
WELLS FARGO NATIONAL BANK WEST |
$ 13,745,873 |
115 |
BANNER BANK |
$ 13,697,516 |
116 |
RENASANT BANK |
$ 13,652,804 |
117 |
OPTUM BANK, INC. |
$ 13,437,184 |
118 |
BREMER BANK, NATIONAL ASSOCIATION |
$ 13,416,874 |
119 |
WESBANCO BANK, INC. |
$ 13,404,279 |
120 |
TOWNEBANK |
$ 13,388,748 |
121 |
COMMUNITY BANK, NATIONAL ASSOCIATION |
$ 13,252,645 |
122 |
CITIZENS BUSINESS BANK |
$ 12,875,276 |
123 |
FIRST FINANCIAL BANK |
$ 12,798,587 |
124 |
CHARLES SCHWAB TRUST BANK |
$ 12,741,000 |
125 |
FIRST UNITED BANK AND TRUST COMPANY |
$ 12,015,442 |
126 |
NORTHWEST BANK |
$ 11,750,592 |
127 |
SERVISFIRST BANK |
$ 11,566,097 |
128 |
PLAINSCAPITAL BANK |
$ 11,235,697 |
129 |
FIRST FINANCIAL BANK, NATIONAL ASSOCIATION |
$ 11,129,711 |
130 |
BELL BANK |
$ 11,095,036 |
131 |
SANDY SPRING BANK |
$ 11,034,392 |
132 |
ENTERPRISE BANK & TRUST |
$ 10,938,534 |
133 |
FIRSTBANK |
$ 10,858,886 |
134 |
STATE BANK OF INDIA |
$ 10,660,090 |
135 |
PROVIDENT BANK |
$ 10,609,582 |
136 |
ISRAEL DISCOUNT BANK OF NEW YORK |
$ 10,487,604 |
137 |
BERKSHIRE BANK |
$ 10,421,742 |
138 |
FIRST FOUNDATION BANK |
$ 10,410,317 |
139 |
DIME COMMUNITY BANK |
$ 10,275,348 |
140 |
BUSEY BANK |
$ 10,163,420 |
141 |
SEACOAST NATIONAL BANK |
$ 9,984,626 |
142 |
NEXBANK |
$ 9,925,543 |
143 |
MERCHANTS BANK OF INDIANA |
$ 9,925,223 |
144 |
OCEANFIRST BANK, NATIONAL ASSOCIATION |
$ 9,737,295 |
145 |
NBT BANK, NATIONAL ASSOCIATION |
$ 9,636,267 |
146 |
BANCFIRST |
$ 9,310,103 |
147 |
ALLEGIANCE BANK |
$ 9,294,271 |
148 |
COMENITY CAPITAL BANK |
$ 9,240,518 |
149 |
WASHINGTON TRUST BANK |
$ 9,236,457 |
150 |
FIRST BANK |
$ 9,234,712 |
151 |
THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION OF CLEVELAND |
$ 9,199,012 |
152 |
DOLLAR BANK, FEDERAL SAVINGS BANK |
$ 9,179,508 |
153 |
FARMERS AND MERCHANTS BANK OF LONG BEACH |
$ 9,142,496 |
154 |
VERITEX COMMUNITY BANK |
$ 9,141,932 |
155 |
LIVE OAK BANKING COMPANY |
$ 8,982,322 |
156 |
EAGLEBANK |
$ 8,705,351 |
157 |
POPULAR BANK |
$ 8,666,170 |
158 |
LAKELAND BANK |
$ 8,616,517 |
159 |
ORIENTAL BANK |
$ 8,580,409 |
160 |
THE PARK NATIONAL BANK |
$ 8,534,320 |
161 |
WINTRUST BANK, NATIONAL ASSOCIATION |
$ 8,366,530 |
162 |
TRI COUNTIES BANK |
$ 8,334,487 |
163 |
WOODFOREST NATIONAL BANK |
$ 8,296,042 |
164 |
AMERICAN SAVINGS BANK, FSB |
$ 8,224,461 |
165 |
PRINCIPAL BANK |
$ 8,100,092 |
166 |
FIRST COMMONWEALTH BANK |
$ 8,039,401 |
167 |
HTLF BANK |
$ 7,965,003 |
168 |
NBH BANK |
$ 7,956,842 |
169 |
COLUMBIA BANK |
$ 7,889,191 |
170 |
ORIGIN BANK |
$ 7,882,619 |
171 |
SAFRA NATIONAL BANK OF NEW YORK |
$ 7,678,203 |
172 |
BMW BANK OF NORTH AMERICA |
$ 7,561,649 |
173 |
CONNECTONE BANK |
$ 7,473,783 |
174 |
AMARILLO NATIONAL BANK |
$ 7,465,642 |
175 |
HOMESTREET BANK |
$ 7,456,921 |
176 |
SOFI BANK, NATIONAL ASSOCIATION |
$ 7,368,547 |
177 |
NICOLET NATIONAL BANK |
$ 7,239,847 |
178 |
S&T BANK |
$ 7,233,787 |
179 |
BANC OF CALIFORNIA, NATIONAL ASSOCIATION |
$ 7,146,819 |
180 |
AMERANT BANK, NATIONAL ASSOCIATION |
$ 7,103,749 |
181 |
BANK OF BARODA |
$ 7,078,861 |
182 |
THE BANCORP BANK, NATIONAL ASSOCIATION |
$ 7,048,823 |
183 |
PREMIER BANK |
$ 6,965,168 |
184 |
1ST SOURCE BANK |
$ 6,928,768 |
185 |
INTERNATIONAL BANK OF COMMERCE |
$ 6,915,078 |
186 |
STIFEL BANK |
$ 6,796,805 |
187 |
CENTRAL PACIFIC BANK |
$ 6,753,138 |
188 |
INTRUST BANK, NATIONAL ASSOCIATION |
$ 6,726,582 |
189 |
TOMPKINS COMMUNITY BANK |
$ 6,644,383 |
190 |
FIRST AMERICAN TRUST, FSB |
$ 6,639,061 |
191 |
AMALGAMATED BANK |
$ 6,609,480 |
192 |
FLUSHING BANK |
$ 6,503,760 |
193 |
LENDINGCLUB BANK, NATIONAL ASSOCIATION |
$ 6,420,827 |
194 |
STOCK YARDS BANK & TRUST COMPANY |
$ 6,399,935 |
195 |
MIDLAND STATES BANK |
$ 6,367,307 |
196 |
PINNACLE BANK |
$ 6,351,960 |
197 |
SILVERGATE BANK |
$ 6,343,796 |
198 |
WESTAMERICA BANK |
$ 6,227,401 |
199 |
SOUTHSIDE BANK |
$ 6,218,269 |
200 |
FIRST SECURITY BANK |
$ 6,201,948 |
201 |
CAPITOL FEDERAL SAVINGS BANK |
$ 6,186,788 |
202 |
HANMI BANK |
$ 6,178,629 |
203 |
KEARNY BANK |
$ 6,051,779 |
204 |
UNIVEST BANK AND TRUST CO. |
$ 6,043,449 |
205 |
BANKPLUS |
$ 5,985,989 |
206 |
HERITAGE BANK |
$ 5,937,767 |
207 |
HORIZON BANK |
$ 5,909,804 |
208 |
BANGOR SAVINGS BANK |
$ 5,909,658 |
209 |
BANK OF COLORADO |
$ 5,902,282 |
210 |
LUTHER BURBANK SAVINGS |
$ 5,877,284 |
211 |
FIRST BANK |
$ 5,865,772 |
212 |
LIBERTY BANK |
$ 5,822,055 |
213 |
PATHWARD, NATIONAL ASSOCIATION |
$ 5,791,108 |
214 |
SUNFLOWER BANK, NATIONAL ASSOCIATION |
$ 5,782,542 |
215 |
PEOPLES BANK |
$ 5,733,912 |
216 |
CROSS RIVER BANK |
$ 5,726,757 |
217 |
BANK HAPOALIM B.M. |
$ 5,724,729 |
218 |
BYLINE BANK |
$ 5,720,396 |
219 |
LAKE FOREST BANK & TRUST COMPANY, NATIONAL ASSOCIATION |
$ 5,699,287 |
220 |
FORBRIGHT BANK |
$ 5,689,931 |
221 |
UNION BANK AND TRUST COMPANY |
$ 5,683,052 |
222 |
CROSSFIRST BANK |
$ 5,654,988 |
223 |
TOYOTA FINANCIAL SAVINGS BANK |
$ 5,638,043 |
224 |
PREFERRED BANK |
$ 5,558,803 |
225 |
RBC BANK, (GEORGIA) NATIONAL ASSOCIATION |
$ 5,539,701 |
226 |
ALPINE BANK |
$ 5,538,449 |
227 |
THE FIRST BANK |
$ 5,510,339 |
228 |
MIDWESTONE BANK |
$ 5,480,691 |
229 |
LAKE CITY BANK |
$ 5,461,007 |
230 |
CENTIER BANK |
$ 5,457,761 |
231 |
RIDGEWOOD SAVINGS BANK |
$ 5,447,460 |
232 |
GERMAN AMERICAN BANK |
$ 5,397,813 |
233 |
METROPOLITAN COMMERCIAL BANK |
$ 5,302,821 |
234 |
FIRST MID BANK & TRUST, NATIONAL ASSOCIATION |
$ 5,301,889 |
235 |
PEAPACK-GLADSTONE BANK |
$ 5,213,654 |
236 |
TRUSTCO BANK |
$ 5,192,823 |
237 |
OLD SECOND NATIONAL BANK |
$ 5,149,924 |
238 |
MIDDLESEX SAVINGS BANK |
$ 5,123,594 |
239 |
STOCKMAN BANK OF MONTANA |
$ 5,072,625 |
240 |
JOHNSON BANK |
$ 5,044,657 |
241 |
THE WASHINGTON TRUST COMPANY, OF WESTERLY |
$ 5,034,902 |
242 |
REPUBLIC BANK |
$ 5,013,842 |
243 |
SALEM FIVE CENTS SAVINGS BANK |
$ 4,960,738 |
244 |
FIVE STAR BANK |
$ 4,956,827 |
245 |
WELLS FARGO BANK SOUTH CENTRAL, NATIONAL ASSOCIATION |
$ 4,942,883 |
246 |
CITY NATIONAL BANK OF WEST VIRGINIA |
$ 4,923,503 |
247 |
EMIGRANT BANK |
$ 4,922,480 |
248 |
FREMONT BANK |
$ 4,906,788 |
249 |
THE CAMDEN NATIONAL BANK |
$ 4,867,005 |
250 |
B1BANK |
$ 4,861,030 |
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