The four largest banks by asset size in the US remained the same during the second quarter of 2014, according to new data from SNL Financial measuring the 50 largest banks.
The "big four" US banks maintained their positions, with JPMorgan Chase remaining the largest with $2.5 trillion in assets, followed by Bank of America Corp. with $2.17 trillion in assets. The top four was rounded out by Citigroup Inc. and Wells Fargo & Co. at $1.910 trillion and $1.599 trillion respectively.
There was some movement in the rest of the top 10, however. Bank of New York Mellon moved into fifth place, swapping positions with U.S. Bank, which fell to sixth. Capital One moved up one place to eighth, while HSBC North America fell to ninth.
There was one new entrant into the top 50, Raleigh, N.C.-based First Citizens BancShares Inc. First Citizens was ranked 44th with $30.5 billion in total assets. It's presence on the list was due the company's June 10 announcement of its $676.4 million acquisition of Columbia, S.C.-based First Citizens Bancorp. Inc., according to SNL.
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Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio