What is the smallest bank in the US by assets?
WeirdNews. NEW YORK (Web Desk) - With just $3 million in assets, two employees, no ATM, no website, and no transaction fees, Kentland Federal Savings and Loan is the smallest bank in America, and it's been around for over 100 years.
With $3 million in assets, Kentland Federal Savings and Loan is definitely the smallest member of the Independent Community Bankers of America (ICBA), a trade organization for small banks.
Overview. Started in 1925, Citizens State Bank has $1.21 billion in assets along with $1.15 billion in deposits, making the institution a medium-size bank.
How many regional and community banks are there in the US? As of December 2022, there are 4,001 community banks with 27,511 branches and 134 regional banks with 13,109 branches across the US. There are 31 banks categorized as large financial institutions, with 30,570 branches nationwide.
Financial Health
The Lowell Five Cent Savings Bank is a medium-size bank and has assets totaling $1 billion and $955 million in deposits.
J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.
“Small bank” means an institution that had assets of less than $1.564 billion, as of Dec. 31 of either of the prior two calendar years. “Intermediate small bank” means a small institution with assets of at least $391 million as of Dec.
Citizens Bank is the fifth bank to close down in the nation this year. The failed banks list shows Heartland Tri-State Bank, First Republic Bank, Signature Bank, Silicon Valley Bank and First–Citizens Bank as other banks shut down in 2023.
Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $222.0 billion in assets as of September 30th, 2023.
The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the largest diversified financial services institutions in the United States, with assets of $557 billion as of September 30, 2023.
What U.S. Bank is in all 50 states?
What bank operates in all 50 states? No bank currently operates a branch location in all 50 states, though several of the nation's largest institutions come close. Chase Bank, for one, has over 4,700 branch locations in 49 states and Washington D.C. Wells Fargo also offers around 4,600 branches in 36 states.
Over a few weeks in the spring of 2023, multiple high-profile regional banks suddenly collapsed: Silicon Valley Bank (SVB), Signature Bank, and First Republic Bank. These banks weren't limited to one geographic area, and there wasn't one single reason behind their failures.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
Martha's Vineyard Savings Bank assets total approximately $969.2 million as of June 30, 2020, which included total loans of $804.0 million and total deposits of $785.6 million. Since September 30, 2016, total assets increased by 22.3%, total loans increased by 22.5%, and total deposits increased by 23.7%.
Thanks to our customers and employees, the bank experienced quality growth in loans, deposits and assets in 2022. Total assets have exceeded $2.7 billion and total deposits surpassed $2.3 billion. Total loans were $1.9 billion, representing an additional investment of over $295 million in the communities we serve.
| Quaint Oak Bancorp Quarterly Total Assets (Millions of US $) | |
|---|---|
| 2022-06-30 | $752 |
| 2022-03-31 | $568 |
| 2021-12-31 | $554 |
| 2021-09-30 | $536 |
| Bank | Forbes Advisor Rating | Learn more CTA below text |
|---|---|---|
| Chase Bank | 5.0 | Read Our Full Review |
| Bank of America | 4.2 | |
| Wells Fargo Bank | 4.0 | Read Our Full Review |
| Citi® | 4.0 |
1. JPMorgan Chase. JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.
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.
JPMorgan Chase & Co.
Read the complete review of JPMorgan Chase & Co. Assets: $3.3 trillion. ATMs: More than 16,000. Branches: More than 4,800 in 49 states and Washington, D.C.
What are smaller banks called?
Small banks, often called community banks, are those with less than $10 billion in total assets.
The FDIC says the state's banks hold $285 billion in total assets. The largest deposit markets in Florida are: Miami-Fort Lauderdale-Pompano Beach.
Citizens is an insured member of the Federal Deposit Insurance Corporation (FDIC), which means deposits in all types of bank accounts are insured, dollar-for-dollar, up to $250,000 per person. It's a pretty impressive security blanket for our nation's banking system, and we're proud to be a part of it.
Improperly denying customer reports of fraud and errors and failing to provide refunds: The bank failed to reasonably investigate and resolve billing error notices and claims of unauthorized use by making customers jump through unnecessary and burdensome hoops, which are not required under the Truth in Lending Act, to ...
The failure of Citizens Bank in Sac City, Iowa, appears to be tied to its exposure to the trucking industry , which has recently been in the midst of financial turmoil. Back in August, Citizens and its regulators entered into a consent order that focused on the bank's commercial trucking portfolio.
