Top 10 Banks in USA 2015

Published by MBA Skool Team, Last Updated: June 05, 2015

The United States of America is home to world’s best financial and banking corporations. Billions of dollars are being transacted every day through these banks. Here is the list of top 10 banks of USA on the basis of total assets as of May 2015. Banks like JP Morgan, Citi, Wells Fargo, BOA lead the list with BNY, BBT and PNC financial form the middle order.

10. Keycorp

Keycorp is a bank holding company.


KeyBank National Association provides its offerings in commercial leasing, investment management, retail and commercial banking, consumer finance and investment banking. It provide its services and products to individual, corporate and clients through its subsidiary. It has two business segments: Key Corporate Bank and Key Community Bank. The Key Community Bank serves small to mid-sized businesses and individuals by offering a variety of lending, deposit, investment, and personalized wealth management products and services. The Key Corporate Bank segment works in six industry sectors: energy, healthcare, industrial, public sector, consumer, and real estate. Key Corporate Bank delivers banking and capital markets products to its clients, including debt and equity capital markets, foreign exchange, and public finance. KeyCorp was established in 1958 and is headquartered in Cleveland, OH. The CEO of the company is Beth Mooney and company employees 13583 employees.

Assets $93.8 B

9. Regions Financial Corp.

Regions Financial Corp. is a bank holding company for Regions Bank.


The bank provides traditional retail and mortgage banking services, commercial and financial services in the fields of asset management, trust, investment banking, mutual funds, insurance securities brokerage and other specialty financing. The company operates business in three segments: Business Services, Wealth Management and Consumer Services.

The Business Services segment shows the company's commercial banking functions including commercial real estate, commercial and industrial, and investor real estate lending. It also includes equipment lease financing. The Consumer Services segment depicts the company's branch network, which includes consumer banking products and services related to, home equity lines and loans, indirect loans, residential first mortgages ,consumer credit cards and other consumer loans. These services are also provided the internet and telephone banking. The Wealth Management segment products and services such as commercial insurance, trust activities, credit related products, and investment management. Regions Financial came into existence in 1971 with headquarters in Birmingham, AL. The CEO of the company is O B Hall Jr and company employees 23723 employees

Assets $120.4 B

8. BB&T Corp

BB&T Corp. is a holding company for Branch Banking & Trust Co.


The company operates through seven segments: Residential Mortgage Banking, Community Banking, Specialized Lending, Dealer Financial Services, Financial Services, Insurance Services, and Other Treasury & Corporate. The Community Banking segment offers a variety of loan and deposit products and other financial services to individual and business clients. The Residential Mortgage Banking segment services and retains mortgage loans. The Dealer Financial Services division provides loans to consumers for the purchase of automobiles. It also provides loans for the purchase of recreational vehicles and boat. The Specialized Lending division consist of eight business units that provide finance products to businesses. The business units is a combination of operating subsidiaries and internal business units of either the corporation or the Bank. The Insurance Services division offers, life and health insurance, property and casualty to businesses and individuals. It also provides surety coverage and title insurance. The Financial Services offers, estate planning, investment counselling, personal trust administration, wealth management, asset management, , corporate banking, employee benefits services and corporate trust services to corporations, institutions, individuals, foundations and government entities. Other, Treasury & Corporate represents operating entities that do not meet the thresholds for disclosure. BB&T came into existence in 1872 and is headquartered in Winston-Salem, NC. The CEO of the company is Kelly King and company employees 33400 employees

Assets $188.4 B

7. PNC Financial Services

PNC Financial Services Group, Inc. provides diversified financial services, including residential mortgage banking; retail and business banking; specialized services for corporations and government entities, including, real estate finance, corporate banking and asset-backed lending; and asset management and wealth management.


The company operates in six segments: Corporate & Institutional Banking segment, Retail Banking segment, Asset Management Group segment, BlackRock segment, Residential Mortgage Banking segment and Non-Strategic Assets Portfolio segment.

The Retail Banking division provides lending, brokerage, deposit, trust, investment management, services to small business customers within its geographic markets. The Corporate & Institutional segment offers, treasury management, lending to, government, mid-sized corporations and not-for-profit entities, and to large corporations. The Asset Management Group division offers personal wealth management to high net worth clients. The Residential Mortgage Banking segment has a significant presence in the retail banking footprint, and it originates loans through minority and majority owned affiliates. The BlackRock segment manages assets on behalf of investors worldwide through fixed income, equity, multi-asset class, separate accounts and funds. The Non-Strategic Assets Portfolio division offers, consumer brokered home equity loans, retail mortgages, cross-border leases, and residential construction loans and non-prime mortgages. PNC Financial Services Group came into existence in 1983 and is headquartered in Pittsburgh, PA. The CEO of the company

Assets $345.1 B

6. BNY Mellon

The Bank of New York Mellon is global financial services company.


It provides financial services for corporations, institutions, and high-net-worth individuals by offering services related to investments worldwide. The company works in three segments: Investment Services, Investment Management, and Other. The Investment Management includes asset management and wealth management businesses. The Investment Services segment works in, asset servicing, issuer services and clearing services businesses. The Other segment works in credit-related activities previously included in the treasury services business. This bank was part of Bank of New York. The company was established on July 1, 2007 and is headquartered in New York, NY. The CEO of the company is Gerald Hassell and company employees 50300 employees.

Assets $385.3 B

5. U.S Bancorp

U.S. Bancorp is a bank holding company, which provides banking services through its subsidiaries.


Its services include lending and depository services, foreign exchange and trust, cash management and investment management services. The company also works in merchant and ATM processing, credit card services, mortgage banking, insurance, and leasing. Its subsidiaries engage in domestic markets. T. Its Lending services include credit card services, leasing, financing trade, traditional credit products, import & export trade, asset-backed lending, and other products. The Bancorp's Depository services include savings accounts checking accounts, and time certificate contracts. The company's subsidiaries provide fiduciary services for individuals, foundations, estates, business corporations and charitable organizations. U.S. Bancorp came into existence founded in 1929 with headquarters in Minneapolis, MN. The CEO of the company is Richard Davis and company employees 66,750 employees.

Assets $406.2 B

4. Wells Fargo

Wells Fargo & Co. is a nationwide, diversified, financial services company.


The company provides insurance, investments, banking, mortgage, consumer and commercial finance through distribution channels in North America. The company operates in three segments: Wholesale Banking, Community Banking, Wealth, Brokerage and Retirement. The Community Banking segment offers a diversified financial products and services to consumers and small businesses. The Wholesale Banking division works to provide financial solutions to businesses across the United States. It also provides corporate, cash management, capital markets commercial, and real estate banking services and products. The Wealth, Brokerage and Retirement segment provides a range of financial advisory services to clients to meet each client's needs. It also provides high net worth clients with a diverse range of wealth management solutions, including private banking, credit, financial planning, investment management and trust. The company came into existence by Henry Wells and William G. Fargo on March 18, 1852 and has its headquarters in San Francisco, CA. The CEO of the company is John Stumpf and company employees 264500 employees.

Assets $1701.4 B

3. Citigroup

Citigroup, Inc. is financial services company which provides financial product and services to corporations, consumers, and institutions, governments.


This globally diversified company operates in two segments: Citicorp, and Citi Holdings. Citicorp consists of Institutional Clients Group and Citi's Global Consumer Banking businesses and Citi holdings s=consists of Local Consumer Lending and Special Asset Pool, Brokerage and Asset Management. The Global Consumer Banking segment provide services like banking, credit card lending, and investment through offices and electronic delivery systems. The Institutional Clients Group segment is composed of Securities and Banking and Transaction Services and provides financial product and services to corporations, governments, institutions and investors .The Citi Holdings segment consists of local consumer lending businesses, Citi's brokerage and asset management, and a special asset pool. The Corporate/Other segment includes unallocated corporate expenses, net treasury results, offsets to certain line-item reclassifications,. Citigroup came into existence on October 8, 1998 and has its headquarters in New York, NY. The CEO of the company is Mike Corbat and company employees 241000 employees

Assets $1846.01 B

2.  Bank of America

Bank of America is bank holding company, which provides banking and nonbanking financial services and products throughout the United States and in some international markets.


It works in five segments:, Consumer Real Estate Services, Consumer & Business Banking ,Global Banking, Global Wealth & Investment Management and Global Markets .

The Consumer & Business Banking provides variety of credit, banking and investment products and services to consumers and businesses like traditional savings accounts, CDs, IRAs, money market savings accounts, checking accounts and investment accounts. The Consumer Real Estate Services segment provides real estate products and services to customers nationwide. The Global Banking segment treasury solutions to clients and advisory services. The Global Markets segment offers sales and trading services. The Global Wealth & Investment Management provides wealth management solutions to rich clients. Its services include estate and financial planning, investment and brokerage services, fiduciary portfolio management, and specialty asset management. The company came into existence by Amadeo Peter Giannini in 1904 with its headquarters in Charlotte, NC. The CEO of the company is Brian Moynihan and company employees 224000 employees.

Assets $2114.1 B

1. JP Morgan chase

JPMorgan Chase & Co. provides financial and investment banking services.


It offers a diverse range of investment banking services in all major capital markets, including capital-raising, risk management, advising on corporate structure, market-making in derivative instruments, brokerage and research. It also offers, financial services to small business, consumers, commercial banking, investment banking and private equity and asset management. The company works in the following segments: Commercial Banking, Asset Management, Consumer and Community Banking, Corporate and Investment Bank, and Global Finance & Treasury. The Community Banking segment and consumer serves businesses through personalised services and through online, ATMs and telephone banking. Consumer and Business banking offers deposit and investment services to consumers and payment solutions to small businesses. The Corporate and Investment Bank segment offers a broad range of investment banking, prime brokerage, market-making, and treasury and securities products and services to investors, financial institutions, government corporations, and municipal entities. This segment offers a full range of investment banking products and services in all major capital markets, including advising on corporate strategy and structure and loan origination. The Commercial Banking division provides extensive industry knowledge, local expertise and dedicated service to U.S. and U.S. multinational clients. The Asset Management segment provides investment and wealth management services. It offers investment management across equities, and money market funds. The Global Finance & Treasury segment provides strategy and capital management. The company was founded in 1968 and is headquartered in New York, NY. The CEO of the company is Jamie Dimon and company employees 241359 employees

Assets $2,593.6 B


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This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

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