"Wells Fargo Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, California, with central offices throughout the United States. It is the world's second-largest bank by market capitalization and the fourth largest bank in the US by total assets. Wells Fargo is ranked #26 on the 2018 Fortune 500 rankings of the largest US corporations by total revenue. In July 2015, Wells Fargo became the world's largest bank by market capitalization, edging past ICBC, before slipping behind JPMorgan Chase in September 2016, in the wake of a scandal involving the creation of over 2"
"to numerous lawsuits and investigations regarding both mortgages and financial disclosures dating back to the 2008 financial crisis. Its corporate practices of servicing the middle class and wider banking community has yielded a substantial market share since the early 20th century. , Bank of America has a $313.5 billion market capitalization, making it the 13th largest company in the world. As the sixth largest American public company, it garnered $102.98 billion in sales . Bank of America was ranked #24 on the 2018 Fortune 500 rankings of the largest United States corporations by total revenue. Bank of America was named"
"Amalgamated Bank Amalgamated Bank (NASDAQ: AMAL) is an American financial institution. It is the largest union-owned bank and one of the only unionized banks in the United States. Amalgamated Bank is currently majority-owned by Workers United, an SEIU Affiliate. Founded on April 14, 1923, by the Amalgamated Clothing Workers of America, As of June 30, 2015, Amalgamated Bank has nearly $4 billion in assets. Through its Institutional Asset Management and Custody Division, Amalgamated Bank is one of the leading providers of investment and trust services to Taft-Hartley plans in the United States. The bank oversees over $45 billion in investment"
"Bank of America The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City, London, Hong Kong, and Toronto. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JP Morgan Chase. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary financial services revolve around commercial banking, wealth"
"billion, increasing the company's total assets to $284 billion. In June 1997, NationsBank acquired Montgomery Securities in a $1.2 billion transaction. Montgomery was integrated into the firm's existing broker-dealer, NationsBanc Capital Markets, and the combined subsidiary was renamed NationsBanc Montgomery Securities. In 1998, it acquired BankAmerica Corporation of San Francisco in what was the largest bank merger in American history at the time. Although NationsBank was the nominal survivor, the merged bank took the better-known Bank of America name, and operates under Bank of America's charter. However, to this day it is headquartered in Charlotte at what is now Bank"
"America was opened to facilitate more advanced financial transactions. As of 2018, the largest banks the United States were JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Goldman Sachs. It is estimated that banking assets were equal to 56 percent of the U.S. economy. In the early 1700s, merchants traveled from Britain to the United States and established the Bank of Pennsylvania in 1790 to fund the American Revolutionary War (1775–1783). During this time, the Thirteen Colonies had not established currency and used informal trade to finance their daily activities. On January 4, 1782, the first commercial bank in"
"insured by the FDIC. The five largest banks by assets in 2011 were JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs. Banking in the United States Banking in the United States began in the late 1790s along with the country's founding and has developed into highly influential and complex system of banking and financial services. Anchored by New York City and Wall Street, it is centered on various financial services namely private banking, asset management, and deposit security. The earliest remnants of the banking industry can be traced to 1790 when the Bank of Pennsylvania was founded"
"Private Bank & Trust and its operating bank, Emigrant Bank, the largest privately owned, family-run bank in the United States. Emigrant Bank has just under $7 billion in assets and approximately $1 billion in equity. Under Milstein's leadership, the bank created three internet banks in the United States: Dollar Savings Direct, EmigrantDirect and MySavingsDirect Milstein is chairman of Milstein Properties, a builder and investor active in both residential and commercial development primarily in New York City, and chairs Milstein Brothers Real Estate, a national commercial leasing and management company in the United States, and Milford Management. In 2007, Milstein acquired,"
"year. In the survey, it was also awarded second place in The Best Private Bank category. In 2015, ""Forbes"" ranked the bank as No. 1 in its ""America's Best & Worst Banks"" evaluation. ""Forbes""' 2016 ranking of it as No. 6 marked the sixth consecutive year that the bank was among the ""Forbes"" top ten. Additionally, ""Forbes"" has rated the bank as one of America's Fifty Most Trustworthy Financial Companies. As of September 30, 2018, the bank had total assets of $45.87 billion, deposits of $36.09 billion, and loans of $35.13 billion. Prominent figures at the bank include former U.S."
"the ""Bulge Bracket"" as the third largest investment bank in the world, . Its wealth management side manages US$1.081 trillion in assets under management (AUM) as the second largest wealth manager in the world, after UBS. In commercial banking, Bank of America operates—but does not necessarily maintain retail branches–in all 50 states of the United States, the District of Columbia and more than 40 other countries. Its commercial banking footprint encapsulates 46 million consumer and small business relationships at 4,600 banking centers and 15,900 automated teller machines (ATMs). The bank's large market share, business activities, and economic impact has led"
"world and the seventh largest wealth management firm in the United States. In 2018, BNY Mellon ranked 175 on the Fortune 500 and 250 on the Financial Times Global 500. It was named one of world's 50 Safest Banks by ""Global Finance"" in 2013 and 2014, and one of the 20 Most Valuable Banking Brands in 2014 by ""The Banker"". The bank says it is the longest running bank in the United States, and whether it deserves this recognition is sometimes disputed by its rivals and also by some historians. The Bank of North America was chartered in 1781, and"
"entity. The combined bank operates under Federal Charter 13044, which was granted to Giannini's Bank of Italy on March 1, 1927. However, the merged company was and still is headquartered in Charlotte, and retains NationsBank's pre-1998 stock price history. Additionally, all U.S. Securities and Exchange Commission (SEC) filings before 1998 are listed under NationsBank, not Bank of America. NationsBank president, chairman and CEO Hugh McColl, took on the same roles with the merged company. Bank of America possessed combined assets of $570 billion, as well as 4,800 branches in 22 states. Despite the mammoth size of the two companies, federal"
"The Bank of New York Mellon The Bank of New York Mellon Corporation, which does business as BNY Mellon, is an American worldwide banking and financial services holding company headquartered in New York City. It was formed on July 1, 2007, as a result of the merger of The Bank of New York and Mellon Financial Corporation. It is the world's largest custodian bank and asset servicing company, with $1.9 trillion in assets under management and $33.3 trillion in assets under custody as of December 2017. Through its Bank of New York predecessor, it is one of the three oldest"
"Brown Brothers Harriman & Co. Brown Brothers Harriman & Co. (BBH) is the oldest and one of the largest private banks in the United States. In 1931, the merger of Brown Brothers & Co. (founded in 1818) and Harriman Brothers & Co. formed the current BBH. Assets Under Custody $5.6 trillion (2017). Brown Brothers Harriman is also notable for the number of influential American politicians, government appointees, and Cabinet members who have worked at the company, such as W. Averell Harriman, Prescott Bush, Robert A. Lovett, Richard W. Fisher, Robert Roosa, and Alan Greenspan. Brown Brothers Harriman provides advisory, wealth"
"also the head of the Wells Fargo wealth management division, due to his sexist statements regarding female employees. The female workers claimed that he called them ""girls"" and said that they ""should be at home taking care of their children."" Wells Fargo Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, California, with central offices throughout the United States. It is the world's second-largest bank by market capitalization and the fourth largest bank in the US by total assets. Wells Fargo is ranked #26 on the 2018 Fortune 500 rankings of the largest US"
"November 2008, the bank declined to receive a capital investment from the United States Department of the Treasury as part of the Troubled Asset Relief Program, making it the largest bank in the United States to do so. In 2007, the company expanded in Texas with the acquisition of Worth Bancorporation. On August 19, 2012, the company acquired Milestone Group, a wealth management firm, in its first acquisition since 2007. In March 2014, the company announced the acquisition of MBM Advisors, Inc. of Houston, Texas. In November 2016, the company acquired MBT Bancshares, the parent company of Missouri Bank and"
"Governors, and the Treasury Secretary. Bank size, complexity, and interconnectedness with other banks may inhibit the ability of the government to resolve (wind-down) the bank without significant disruption to the financial system or economy, as occurred with the Lehman Brothers bankruptcy in September 2008. This risk of ""too big to fail"" entities increases the likelihood of a government bailout using taxpayer dollars. The largest U.S. banks continue to grow larger while the concentration of bank assets increases. The largest six U.S. banks had assets of $9,576 billion as of year-end 2012, per their 2012 annual reports (SEC Form 10K). For"
"to refinance inferior assets that can not be currently used as collateral. In coordination with other eurozone countries, the Dutch government announced that it would guarantee interbank lending up to €200 billion. This followed the set up of a €20 billion Dutch fund to help recapitalize banks and insurers. On Tuesday the United States announced a plan to take an equity interest of $250 billion in US banks with 25 billion going to each of the four largest banks. The 9 largest banks in the US: Goldman Sachs, Morgan Stanley, J.P. Morgan, Bank of America, Merrill Lynch, Citigroup, Wells Fargo,"
"SunTrust Banks SunTrust Banks, Inc., is an American bank holding company. The largest subsidiary is SunTrust Bank. It had US$199 billion in assets as of March 31, 2018. SunTrust Bank's most direct corporate parent was established in 1891 in Atlanta, where its headquarters remain. As of September 2016, SunTrust Bank operates 1,400 bank branches and 2,160 ATMs across 11 southeastern states and Washington, D.C.. The bank's primary businesses include deposits, lending, credit cards, and trust and investment services. Through its various subsidiaries, the company provides corporate and investment banking, capital market services, mortgage banking, and wealth management. It has nearly"
"Simmons Bank Simmons First National Corporation, using the Simmons Bank nameplate as well as ""Bank SNB"" and ""Southwest Bank"", is one of the largest United States financial companies and is based in Arkansas. Simmons has total assets of $15.1 billion with locations in Arkansas, Colorado, Kansas, Missouri, Oklahoma, Texas and Tennessee. As of 2018, there are approximately 150 branches and ATMs in 94 cities. Simmons' ticker symbol is SFNC, and it trades on NASDAQ. Simmons Bank offers the following products to consumers: checking, savings & money market, credit cards, CDs & IRAs, personal lending, home equity Lines of credit, mortgage"
"Ken Lewis (executive) Kenneth D. ""Ken"" Lewis (born April 9, 1947) is the former CEO, president, and chairman of Bank of America, the second largest bank in the United States and twelfth largest by total asset in the world. While CEO of Bank of America, Lewis was noted for purchasing Countrywide Financial and Merrill Lynch resulting in large losses for the bank and necessitating financial assistance from the federal government. On September 30, 2009 Bank of America confirmed that Ken Lewis would be retiring by the end of the year. Lewis was replaced by Brian Moynihan as president and CEO"
"Manhattan, New York City. The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co. As of 2017, the bank is one of the largest asset management companies in the world with US$2.789 trillion in assets under management and US$30 trillion in assets under custody. At US$47.7 billion in assets under management, the hedge fund unit of JPMorgan Chase is the fourth largest hedge fund in the United States. JPMorgan Chase, in its current structure, is the result of the combination of several large U.S. banking companies since 1996, including Chase Manhattan Bank, J.P. Morgan"
"Amarillo National Bank Amarillo National Bank (ANB) is the largest, 100 percent family-owned bank in the United States, providing commercial banking and personal banking in Amarillo, Texas, and the Texas Panhandle. ANB operates 19 branch locations in and around the cities of Amarillo, Borger and Lubbock, as well as 94 local, branded automatic teller machines (ATMs). As of the end of the second quarter of 2014, it claimed to have more than $3.8 billion in assets. ANB employed 550 people as of October 2013. The bank is headquartered in two high-rise buildings in downtown Amarillo, the 16-story Amarillo National Bank"
"was then the largest bank acquisition in history, the Bank of America Corporation was founded. Through a series of mergers and acquisitions, it built upon its commercial banking business by establishing Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking in 2008 and 2009, respectively. Since both divisions carry the ""Merrill Lynch"" signage, the former is often referred to as ""Merrill Lynch Wealth Management"" to differentiate itself from the latter. Both Bank of America Merrill Lynch and Merrill Lynch Wealth Management retain large market shares in their respective offerings. The investment bank is considered within"
"Bush, was president of the bank (but not the holding company) from 1978 to 1986. In early 1992, Boatmen's Bancshares acquired First Interstate of Iowa Inc. (NASDAQ: FIIA). In 1995 it had $33.4 billion in assets and 17,863 employees. That year, it acquired Fourth Financial Corporation and Worthen Banking Corp. The latter being a publicly traded company listed on the American Stock Exchange. In 1996, it was purchased by NationsBank for $9.6 billion. NationsBank, in turn, merged with and took the name of Bank of America. Boatmen's Bancshares Boatmen's Bancshares Inc. was one of the 30 largest bank holding companies"
"National Penn National Penn Bancshares, Inc. (referred to as National Penn or NatPenn) is an American financial services corporation, with assets (as of April 14, 2015) of approximately $9.6 billion. National Penn operations include a regional banking franchise operating primarily in three states with more than 130 branches, as well as online and mobile services. It also operates a trust company (National Penn Investors Trust Company) and a wealth management division (National Penn Wealth Management). By assets, National Penn is the seventy-second largest bank in the United States, and the fifth largest bank headquartered in Pennsylvania. National Penn is based"
"assets (with $2,670.00 billion), the second largest in terms of revenues (with $146.50 billion) and the largest in terms of market value (with $180.81 billion). It was also the most profitable bank in the world with $19.13 billion in net income in 2007 (compared to Citigroup's $3.62 billion and Bank of America's $14.98 billion in the same period). In June 2006, The Economist stated that since the end of 2005 HSBC has been rated the largest banking group in the world by Tier 1 capital. In June 2014 The Banker ranked HSBC first in Western Europe and 5th in the"
"bank in the US (First Chicago was the 10th largest bank). The $5 billion merger, completed in 1995, created First Chicago NBD Corporation, the 7th largest bank in the US with $72 billion of assets, and was also a leader in the issuance of credit cards. While NBD was the nominal survivor, the merged bank was headquartered in Chicago. In April 1998 First Chicago NBD announced a $30 billion merger with Banc One Corporation of Columbus, Ohio. Bank One was also a leading issuer of credit cards through its First USA division. Following the merger the company was renamed Bank"
"Bank of America's presence in Illinois, Michigan, and Indiana by 411 branches, 17,000 commercial bank clients, 1.4 million retail customers, and 1,500 ATMs. Bank of America became the largest bank in the Chicago market with 197 offices and 14% of the deposit share, surpassing JPMorgan Chase. LaSalle Bank and LaSalle Bank Midwest branches adopted the Bank of America name on May 5, 2008. Ken Lewis, who had lost the title of Chairman of the Board, announced that he would retire as CEO effective December 31, 2009, in part due to controversy and legal investigations concerning the purchase of Merrill Lynch."
"East West Bancorp East West Bancorp () is the parent company of East West Bank. It is a publicly owned company with $37.7 billion in assets as of March 31, 2018. and is traded on the Nasdaq Global Select Market under the symbol “EWBC”. The Company’s wholly owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California. It is a premier bank focused exclusively on the United States and Greater China markets and operates over 130 locations worldwide, including the markets of California, Georgia, Massachusetts, Nevada, New York, Texas and Washington. In Greater China, East West’s"
"a market cap of $15.8 billion and wealth management assets totaling $121.1 billion. There are currently 72 office locations of First Republic, all of which are in the United States. West East First Republic Bank First Republic Bank is an American bank and wealth management company offering personal banking, business banking, trust and wealth management services, catering to low-risk, high net-worth clientele. The bank specializes in delivering personalized relationship-based service through preferred banking or trust offices in the United States, including San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Palm Beach, Boston, Greenwich, New York"
"acquired the deposits and most assets of The Washington Mutual. Chase offers more than 5,100 branches and 16,000 ATMs nationwide. JPMorgan Chase & Co. has 250,355 employees (as of 2016) and operates in more than 100 countries. JPMorgan Chase & Co. had their assets of $2.49 trillion in 2016. JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States. From September 1, 1799, to 1955, it was called The Bank of The Manhattan Company (New York); after a 1955 merger with the Chase National Bank (which existed separately from 1877 to 1954) it"
"U.S. Bancorp U.S. Bancorp (stylized as US bancorp) is a bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of US Bank National Association, known as US Bank, which is ranked 7th on the list of largest banks in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. It has 3,106 branches and 4,842 ATMs, primarily in the Midwestern United States, and has approximately 72,400 employees. The company also owns Elavon, a processor of credit card transactions. U.S. Bancorp"