Banking, finance, and taxes
Wells Fargo Leads Banks in Number of Branches
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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.
Source: Thinkstock
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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