Robert Jain, as well as other authorities on finance, can tell you that there are many banks in the country. As you may imagine, some are bigger than others. Perhaps you've done business with one of these establishments in the past, or are a client at the present time. Whatever the case may be, these are the 4 largest American banks that you should know, in addition to why they enjoy the reputations they have today.
Citigroup - Located in New York, Citigroup was founded more than 205 years ago on June 16, 1812. Even though this establishment began as a bank, it soon branched out, as names like Bob Jain can attest. For proof of this, all you have to do is look at Citi Field, which is a ballpark that currently functions as the home territory of the New York Mets. Citigroup has over $1.8 billion in total assets, making it the fourth largest bank in America.
Wells Fargo - Coming in third place, as far as total assets are concerned, Wells Fargo is valued at more than $1.9 billion. This makes it a standout name as is, but many people don't know that the company in question owns several museums which are collectively known as the Wells Fargo History Museum. They are located in areas including Philadelphia, Sacramento, and Charlotte. What this means is that, depending on where you live, you could theoretically make a drive to one of these locations during a vacation.
Bank of America - This is the second largest bank, as far as total assets are concerned, as they are collectively valued at over $2.2 billion. Bank of America's headquarters are in Charlotte, North Carolina, and the company's history dates back to 1904, when it was known as Bank of Italy. During this time, the company was focused on assisting those that were moving into the United States. As time went on, the company expanded and currently assists clients from a litany of locations.
JPMorgan Chase - Valued at over $2.5 billion in terms of total assets, JPMorgan Chase is seen as the largest bank in America. While it was founded under its current name in 2000, its predecessor, Bank of the Manhattan Company, was founded in 1799. The company in question operates in different locations, but its headquarters can be found in Midtown Manhattan, New York. When it comes to big banks, JPMorgan Chase is the name that ranks highest.
Citigroup - Located in New York, Citigroup was founded more than 205 years ago on June 16, 1812. Even though this establishment began as a bank, it soon branched out, as names like Bob Jain can attest. For proof of this, all you have to do is look at Citi Field, which is a ballpark that currently functions as the home territory of the New York Mets. Citigroup has over $1.8 billion in total assets, making it the fourth largest bank in America.
Wells Fargo - Coming in third place, as far as total assets are concerned, Wells Fargo is valued at more than $1.9 billion. This makes it a standout name as is, but many people don't know that the company in question owns several museums which are collectively known as the Wells Fargo History Museum. They are located in areas including Philadelphia, Sacramento, and Charlotte. What this means is that, depending on where you live, you could theoretically make a drive to one of these locations during a vacation.
Bank of America - This is the second largest bank, as far as total assets are concerned, as they are collectively valued at over $2.2 billion. Bank of America's headquarters are in Charlotte, North Carolina, and the company's history dates back to 1904, when it was known as Bank of Italy. During this time, the company was focused on assisting those that were moving into the United States. As time went on, the company expanded and currently assists clients from a litany of locations.
JPMorgan Chase - Valued at over $2.5 billion in terms of total assets, JPMorgan Chase is seen as the largest bank in America. While it was founded under its current name in 2000, its predecessor, Bank of the Manhattan Company, was founded in 1799. The company in question operates in different locations, but its headquarters can be found in Midtown Manhattan, New York. When it comes to big banks, JPMorgan Chase is the name that ranks highest.
About the Author:
Contact Bobby Jain in case you have any queries regarding money.. Also published at Robert Jain: The Top 4 Banks In America.
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