The Most Popular Bank In Each State For 2022 | Bankrate (2022)

Banking with one of the most popular banks can mean having access to more locations and better digital features than at other banks. You might get access to a highly rated app with mobile check depositing and other time-saving features. Or you might appreciate the convenience of visiting a branch as you travel around just when you might need it the most. So it may be valuable to see whether your bank ranks among the most popular.

Here are the top banks in the U.S. by number of branches.

The top 15 largest banks (by number of locations)

BankBranches
Chase4,911
Wells Fargo4,824
Bank of America3,955
PNC Bank2,689
U.S. Bank2,257
Truist Bank2,122
Regions Bank1,325
Huntington1,239
Citizens Bank1,182
TD Bank1,164
M&T Bank1,094

As of June 9, 2022.
Source: Bankrate analysis of FDIC data.

Mobile apps and online banking have given many consumers less reason to visit a branch, contributing to the decline in the overall number of bank branches in the U.S.

Still, the number of branches in the U.S. has only declined slightly, according to Bankrate’s analysis of Federal Deposit Insurance Corp. (FDIC) data from June 30, 2021 to June 9, 2022.

Chase had 4,911 branches and main offices while Wells Fargo came in next with 4,824 branches and main offices, according to the FDIC data. About 12 percent of the more than 81,000 branches in the U.S. are either Chase or Wells Fargo branches.

About a year earlier, Wells Fargo had 63 more locations than Chase.

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But as reported by Bankrate in a September 2020 article about the most popular banks in each state, Wells Fargo was on pace to fall behind Chase as the No. 1 operator of bank branches.

Potential reasons behind bank popularity

A bank may be popular for several reasons, including how much it focuses on branches, where it is headquartered or where it decides to expand.

For example, back in 2019, Chase announced plans to open branches in nine states as part of a broad expansion:

  • Charlotte, North Carolina (currently 16 locations in that metro area)
  • Raleigh, North Carolina (currently nine locations in that metro area)
  • Greenville, South Carolina (currently four locations in that metro area)
  • Kansas City, Missouri (currently eight locations with five on the Missouri side and three in Johnson County, Kansas)
  • Minneapolis (currently 14 locations in the Minneapolis area)
  • Nashville, Tennessee (currently 14 locations in the Nashville area)
  • Pittsburgh (currently 19 locations in the Pittsburgh area)
  • Providence, Rhode Island (currently 12 locations in that metro area)
  • St. Louis (currently 13 locations in that metro area in Missouri)

Chase continued its expansion plans, growing the list of states where it has branches to include the 48 contiguous states and the District of Columbia, after the August 2021 opening of a branch in Billings, Montana.

YearNumber of states with a Chase location (as of June 30)
201927
202038
202143
202248*

*As of June 9, 2022.

Another factor that may play into a bank’s popularity is where it is headquartered or is most focused. For instance, Pittsburgh-based PNC Bank has the most branches in only one state — Pennsylvania — with 303. Chase, meanwhile, with 51 branches in the Keystone State has less than a fifth of PNC. Still, the figure represents a rapid expansion for Chase, which only had three branches in Pennsylvania in 2019.

Chase didn’t have any locations in Arkansas, Iowa, Montana, North Dakota or South Dakota as of June 30, 2021. It now has five Arkansas locations, two in Iowa, three in Montana, three in North Dakota and three in South Dakota.

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Most popular bank by state

No matter where you live, you’ll likely recognize the most popular banks.

Chase and Wells Fargo are well known brands and they have the most branches in the U.S. And they’re also the most popular bank in nearly a third of the 50 states.

Chase now has the most locations in the U.S. and the most branches in seven states. But Wells Fargo has the most branches in eight states and Washington, D.C.

Here are the most popular banks in selected states and Washington, D.C.

BankBank with the most branches in that state or Washington, D.C.
CaliforniaChase
ColoradoWells Fargo
FloridaWells Fargo
IllinoisChase
NevadaWells Fargo
New JerseyWells Fargo
New YorkChase
North CarolinaTruist Bank
PennsylvaniaPNC Bank
South CarolinaFirst Citizens Bank
TexasWells Fargo
VirginiaTruist Bank
WashingtonChase
Washington, D.C.Wells Fargo

Noteworthy changes since 2021

Five states have a different most popular bank, comparing 2022 data to a year ago. Bank mergers were the reason for most of the changes, but consolidation and branch closings were also reasons for changes in state rankings.

  • M&T Bank replaced People’s United Bank in Connecticut. (M&T Bank agreed to acquire People’s United in February 2021; the deal closed in April 2022.)
  • Wells Fargo replaced Truist in Florida.
  • Chase replaced Hancock Whitney in Louisiana.
  • M&T Bank replaced Truist in Maryland.
  • First Interstate Bank replaced Great Western Bank in South Dakota (after Great Western Bank became part of First Interstate Bank earlier in 2022).
  • M&T Bank replaced People’s United Bank in Vermont (after M&T’s acquisition of People’s United).
  • In Florida, the total number of Wells Fargo branches declined by 15 within the past year.
  • Truist had 440 fewer branches than it did a year ago in the U.S., including 52 fewer branches in Maryland over that time.
  • In Louisiana, Hancock Whitney had one more location than Chase on June 30, 2021. But Chase grew by a total of five branches and Hancock Whitney has 15 fewer branches since that time.
  • In Maryland, Despite having one less branch, M&T Bank now has the most locations in the state.
  • PNC Bank is just one branch behind M&T Bank’s total in Maryland.

Chase vs. Wells Fargo

Wells Fargo no longer has the most branches in the U.S.

As of June 9, Chase had 4,911 branches and Wells Fargo had 4.824 branches.

Back on June 30, 2021, Wells Fargo had 4,988 branches and Chase had 4,925.

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Branches are slowly disappearing

Some experts predict bank branches are heading for extinction. Indeed, there has been a consistent net loss of locations operated by financial institutions for the last several years. Since there are fewer in-bank transactions, there are also fewer tellers.

Online banks such as Ally Bank have sprung up without any physical locations for customers to transact. Other institutional players have spun out online-only subsidiaries such as Citizens Access, Marcus by Goldman Sachs and Popular Direct from Popular Bank.

Online banking customers deposit checks by snapping a picture, get their cash at ATMs and open new accounts from their phone or computer. And without having to pay to operate physical locations, online banks are often able to offer higher interest rates and lower fees on deposit accounts than their traditional competitors.

“Banking online-only is certainly feasible most of the time for many consumers,” says Greg McBride, CFA, Bankrate chief financial analyst. “But the occasional need for a safe deposit box, a signature guarantee, a cashier’s check or just making a large cash deposit are a lot easier if you have access to a local branch.”

You can have accounts with both online-only and traditional financial institutions and easily transfer funds between the two, McBride says.

“Different consumers value different attributes,” he says. “Aspects like a large branch network, a national or regional presence, broad product lineup, and convenience will carry different levels of importance depending on your individual needs and circumstances.”

Wells Fargo and Chase are certainly trying to create seamless omnichannel experiences by balancing out their large brick-and-mortar presences with growing suites of digital offerings.

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Although both financial institutions consolidated their locations in recent years, Wells Fargo is shrinking at a faster pace than its closest competitor.

Bottom line

Bank branches continue to decrease over time. Bank mergers and acquisitions and consolidation of bank branches are some of the main reasons for this. Also, more consumers are able to complete transactions online or on a mobile app these days. And in some cases, people have some accounts with online banks that don’t have branches.

It’s likely that the total number of branches in the U.S. will keep declining.

Andrew Hovet, director of distribution and sales performance at data-analysis provider Curinos says his company is anticipating costs to keep going up through wage pressure and the reduction of overdraft fee and non-sufficient funds fee income.

“CFOs are going to be looking to hit earnings somehow,” Hovet says. “And branch closures (are) always a quick way to get some savings.”

Note: Bankrate’s analysis is based on locations listed under the main entity for a bank. Adrian Garcia contributed to an earlier version of this story.

FAQs

What bank is in every state in the US? ›

Currently, the largest bank in America by deposits is Chase Bank. It has branches in nearly all states (there are no branches in Alaska) and about 16,000 ATMs, as well as extended hours for customer service via phone. That doesn't necessarily mean Chase is the bank you should choose, though.

Who is the number 1 bank in the US? ›

JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $2.87 trillion.

Which bank is popular in USA? ›

What bank is in most states? ›

Chase and Wells Fargo are well known brands and they have the most branches in the U.S. And they're also the most popular bank in nearly a third of the 50 states.

Is Chase in all 50 states? ›

Billings, Mont., August 4, 2021 – Chase today announced that it has officially opened bank branches in all of the lower 48 states, marking an important milestone in its expansion plans and as the first national bank to have a retail presence in the contiguous United States.

Which bank is safest in USA? ›

Here are some of the safest banks in the U.S. with the best security:
  • Farm Credit Bank of Texas.
  • Wells Fargo.
  • U.S. Bank.
  • JP Morgan Chase.
  • PNC Bank.
  • Citibank.
  • Capital One.
  • M&T Bank Corporation.
25 Sept 2022

What is the most trusted bank? ›

Last week Newsweek recognized Texas Capital Bank as the most trusted bank in America, based on a first-of-its kind survey Newsweek conducted with market research firm Statista.

What bank is better than Wells Fargo? ›

Customers who like online and mobile banking and prefer to have access to ATMs over branches should consider choosing Chase. A couple of benefits in which Chase wins over Wells Fargo are: 16,000 ATMs versus Wells Fargo's 12,000. Additional digital wallet offerings: Fitbit Pay, Garmin Pay and Click to Pay.

What is a good bank to use? ›

Best banks, credit unions and neobanks
Financial institutionBest for ...
Charles SchwabOverall, ATM availability.
Ally BankOverall, flexible overdraft options.
Alliant Credit UnionOverall, high rates.
Capital OneOverall, tools.
9 more rows

What is the strongest bank in America? ›

ON THIS PAGE
RANKBANK NAMETOTAL ASSETS
1JPMorgan Chase$3.38 trillion
13Citizens Financial$226.53 billion
14Silicon Valley Bank$211.82 billion
15Fifth Third Bank$205.55 billion
11 more rows
8 Sept 2022

What is a good bank to open an account with? ›

The best checking accounts for October 2022

Best overall rate: Heritage Bank. Best for no/low fees: NBKC Bank. Best for members of the military and veterans: Navy Federal Credit Union. Best for mobile app high-yield rate: Ally Bank.

What is the fastest growing bank in the US? ›

The fastest-growing banks within the top 100 in assets generally have smaller footprints. Silicon Valley Bank is the fastest-growing bank with 49.5% year-over-year growth. Signature Bank and Western Alliance Bank round out the top three fastest-growing banks with year-over-year gains of 40.9% and 36.9%, respectively.

Which is the world No 1 bank? ›

Industrial & Commercial Bank of China Limited

Which is better Chase or Bank of America? ›

Winner: Bank of America

While both banks have terms up to 10 years, Bank of America has more term options overall. For example, Bank of America lets you open a 20-month, 21-month, or 22-month CD, but Chase skips from 18 months to 21 months to 24 months.

What bank is everywhere? ›

Wells Fargo Bank

Out of all the national banks, Wells Fargo has both the most total locations and a presence in the most states.

What banks have no monthly fees? ›

Best no-fee checking accounts
  • Best overall: Capital One 360® Checking Account.
  • Runner-up: Ally Interest Checking Account.
  • Best for rewards: Discover Cashback Debit Account.
  • Best for out-of-network ATMs: Alliant Credit Union High-Rate Checking Account.
  • Best for students: Chase College Checking℠ Account.

What bank has the most customers? ›

filters
  • 1 Capital One Bank52%
  • 2 Chase49%
  • 3 Bank of America45%
  • 4 Citibank39%
  • 5 Wells Fargo36%
  • 6 U.S. Bank33%
  • 7 PNC Bank32%
  • 8 Synchrony Bank32%

Is Capital One Bank in all 50 states? ›

Capital One Bank has over 900 branches in Washington DC and in the states of Connecticut, Delaware, Louisiana, Maryland, New Jersey, New York, Texas and Virginia.

What states have no Wells Fargo? ›

US States and Territories without any Wells Fargo locations
KentuckyOhioVermont
LouisianaWest VirginiaOklahoma
GuamMaineRhode Island
U.S. Virgin IslandsNorthern Mariana IslandsNew Hampshire
HawaiiMissouriMassachusetts

Is Chase better than Wells Fargo? ›

With 4,000 more ATM locations than Wells Fargo, reduced fees and a wider variety of welcome bonuses, Chase is a better option for most customers. Chase is also the clear winner for military personnel, offering waived fees on checking accounts and ATM withdrawals for active-duty service members and veterans.

Which bank has the strongest security? ›

Safest Banks in the U.S.
  • JPMorgan Chase: Best for protecting against unauthorized access.
  • Capital One: Best for 24-hour-a-day monitoring.
  • Wells Fargo: Best for suspicious activity alerts.
  • U.S. Bank: Best for number of authentication options.
  • PNC Bank: Best for adding optional security.
25 Mar 2022

Should you keep all your money in one bank? ›

Keeping all of your money in one bank can be convenient. But it's important to consider whether you're getting the best rates on savings and paying the lowest fees for checking accounts. It's possible that you could get a better deal by keeping some of your money at a different bank.

How many banks should I bank with? ›

An expert recommends having four bank accounts for budgeting and building wealth. Open two checking accounts, one for bills and one for spending money. Have a savings account for your emergency fund, then a second account for other savings goals.

What is the least trusted bank? ›

Wells Fargo

So, it's no surprise it's overall reputation score of 63.0, which is considered "poor" by the poll's standards, is the lowest of all the banks on the list of the 100 most visible companies. RELATED: This Is the Least Trusted Retailer in the U.S. Right Now, Data Shows.

Which is the best bank to open an account in the US? ›

Best national banks
Financial institutionInterest rate on savingsMinimum deposit to open savings
Chase Bank0.01% (Rate effective as of 8/6/21. Interest rates are variable and subject to change.)$0
Discover Bank1.80%$0
Alliant Credit Union1.70%$5 (deposit made by Alliant)
Ally Bank2.00%$0
1 more row

Which bank is safest for savings? ›

Top Savings Bank Accounts of 2022
  • State Bank of India (SBI) Savings Account. 2.70% p.a.
  • HDFC Bank Savings Account. 3.50% p.a.
  • Kotak Mahindra Bank Savings Account. 3.50% p.a.
  • DCB Bank Savings Account. 6.50% p.a.
  • RBL Bank Savings Account. 6.00% p.a.
  • IndusInd Bank Savings Account. 5.00% p.a.
  • ICICI Savings Bank Account. 3.50% p.a.
10 Aug 2022

Who is bigger US Bank or Wells Fargo? ›

If bigger is better when it comes to banking, you'll like what U.S. Bank and Wells Fargo have to offer. Both megabanks have thousands of branches and ATMs across the country.
...
U.S. Bank vs. Wells Fargo: Banking experience.
U.S. BankWells Fargo
BranchesAbout 3,000.About 5,500.
2 more rows

Why is Chase bank a good bank? ›

It provides mortgages, auto loans and one of the broadest selections of credit cards in the industry. And its website experience can compete with that of online-only banks. Chase has a good basic checking account but its savings rates are generally low, and some fees are high and hard to avoid.

Who is bigger Bank of America or Wells Fargo? ›

Wells Fargo and Bank of America are two of the biggest banks in the country, both with a wide range of account offerings and a long list of branch locations.
...
Wells Fargo vs. Bank of America branches and ATMs.
Wells FargoBank of America
ATMs13,00016,000
2 more rows
4 Mar 2021

What banks do millionaires use? ›

Bank of America, Citibank, Union Bank, and HSBC, among others, have created accounts that come with special perquisites for the ultra-rich, such as personal bankers, waived fees, and the option of placing trades. The ultra rich are considered to be those with more than $30 million in assets.

Should I take my money out of the bank 2022? ›

Investor takeaway. There are a lot of better choices than holding cash in 2022. Inflation will deteriorate the value of your savings if you decide to stash your cash in a bank account. Over the long run, you'll be better off investing now, even if expected returns are lower than they've been historically.

Which is the safest bank in the world? ›

World's safest banks
RankBankCountry
1KfWGermany
2Zürcher KantonalbankSwitzerland
3Landwirtschaftliche RentenbankGermany
4L-BankGermany
6 more rows

What is the oldest bank in the United States? ›

Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.

What is the top 10 banks in America? ›

20 Largest Banks in the U.S.
  • Chase: $2.62 trillion 2.
  • Bank of America: $2.39 trillion 3.
  • Wells Fargo: $1.76 trillion 4.
  • Citibank: $1.01 trillion 5.
  • U.S. Bank: $552 billion 6.
  • PNC Bank: $547 billion 7.
  • Truist Bank: $528 billion 8.
  • TD Bank: $424 billion 9.

What banks are easy to get? ›

Financial institutions that can make it easier to get a checking account
  • BBVA Compass. BBVA Compass offers multiple checking account options. ...
  • Navy Federal Credit Union. ...
  • SunTrust Bank. ...
  • Second-chance checking. ...
  • Prepaid debit cards.
29 Sept 2021

Which bank does not charge at all for using the ATM? ›

With Axos Bank's Rewards Checking account, you'll pay zero ATM fees anywhere in the U.S. while also avoiding all the other typical bank fees, even for overdrafts.

What banks let you open an account for free? ›

Here's a look at a few banks that offer free checking accounts.
  • Ally: Interest Checking Account. ...
  • Capital One: 360 Checking Account. ...
  • Discover Bank: Cashback Debit account. ...
  • Heritage Bank: eCentive Account. ...
  • NBKC: Everything Account.
21 Mar 2022

Is Capital One Bank in all 50 states? ›

Capital One Bank has over 900 branches in Washington DC and in the states of Connecticut, Delaware, Louisiana, Maryland, New Jersey, New York, Texas and Virginia.

How many state banks are there in the US? ›

The FDIC is the federal regulator of the approximately 5,000 state-chartered banks that do not belong to the Federal Reserve System.

What states have no Wells Fargo? ›

US States and Territories without any Wells Fargo locations
KentuckyOhioVermont
LouisianaWest VirginiaOklahoma
GuamMaineRhode Island
U.S. Virgin IslandsNorthern Mariana IslandsNew Hampshire
HawaiiMissouriMassachusetts

How many US banks are in the United States? ›

How Many Banks Are There in the United States? In 2021, the FDIC lists 4,983 banks in total in the U.S. That's 100 fewer than the total number this time last year.

Who is the best bank to bank with? ›

Best banks, credit unions and neobanks:

Best overall, best for overdraft options: Ally Bank. Best overall, best for rates: Alliant Credit Union. Best overall, best for tools: Capital One. Best overall, best for interest checking: Lake Michigan Credit Union.

What banks have no monthly fees? ›

Best no-fee checking accounts
  • Best overall: Capital One 360® Checking Account.
  • Runner-up: Ally Interest Checking Account.
  • Best for rewards: Discover Cashback Debit Account.
  • Best for out-of-network ATMs: Alliant Credit Union High-Rate Checking Account.
  • Best for students: Chase College Checking℠ Account.

Who bought out Capital One? ›

Goldman, which emerged as the front-runner for the GM partnership in 2020, is taking over the card business from Capital One Financial Corp., which has been offloading some of its smaller portfolios.

What is the oldest bank in America? ›

Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.

Is Chase better than Wells Fargo? ›

With 4,000 more ATM locations than Wells Fargo, reduced fees and a wider variety of welcome bonuses, Chase is a better option for most customers. Chase is also the clear winner for military personnel, offering waived fees on checking accounts and ATM withdrawals for active-duty service members and veterans.

Which bank has most ATMs in USA? ›

Which bank has the most ATMs?
BankNumber of ATMs
Bank of America17,000
Chase16,200
Wells Fargo13,000
PNC8,500
1 more row
5 Aug 2021

Does China own Wells Fargo? ›

Does China own Wells Fargo Bank? No. Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, California, with central offices throughout the United States. The Chinese government does not own this US bank.

Who bought Wells Fargo? ›

Allspring Global Investments has officially commenced operations as an independent asset management firm, following the close of the acquisition of Wells Fargo Asset Management by GTCR and Reverence Capital Partners.

Is Wells Fargo closing locations? ›

Wells Fargo was the top net branch closer in 2021, closing on net 267 retail locations.

What is the top 10 banks in America? ›

  1. JPMorgan Chase. Chase Bank is the consumer banking division of JPMorgan Chase. ...
  2. Bank of America. Bank of America serves about 66 million consumers and small business clients worldwide. ...
  3. Citigroup. ...
  4. Wells Fargo. ...
  5. U.S. Bancorp. ...
  6. PNC Financial Services. ...
  7. Truist Financial. ...
  8. Goldman Sachs.
8 Sept 2022

What bank has the most customers? ›

filters
  • 1 Capital One Bank52%
  • 2 Chase49%
  • 3 Bank of America45%
  • 4 Citibank39%
  • 5 Wells Fargo36%
  • 6 U.S. Bank33%
  • 7 PNC Bank32%
  • 8 Synchrony Bank32%

Which is the world No 1 bank? ›

Industrial & Commercial Bank of China Limited

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