The number of FDIC-insured commercial bank branches increased in 2023 for the first time since 2012. At the end of the year, there were 69,997 branches in the country, up from 69,905 a year earlier. In 2024, the downward trend observed prior to 2023 continued, with bank branches dropping to 68,632. After a period of growth from 2000 to 2008, the number of bank branches has been slowly diminishing. In 2024, JPMorgan Chase led the ranking of banks with the highest number of branches. What does the FDIC do? The FDIC (Federal Deposit Insurance Corporation) is an agency created by the United States Congress that guarantees the deposits in commercial banks up to 250,000 U.S. dollars. This protects depositors if the bank becomes insolvent. It also enables banks to issue more loans, since depositors may prefer banks that are insured by the FDIC. Trends in the banking industry While the number of branches has stayed relatively stable, the number of FDIC-insured commercial banks has declined in recent years. At the same time, online banking adoption has surged and is expected to grow even further. Some of the country's leading digital banks now serve over 10,000 users.

As of June 2025, JPMorgan Chase Bank was the largest bank in the United States by the number of branches, with ***** branches nationwide. It was followed by Wells Fargo Bank, which operated ***** branches, and Bank of America, with ***** branches. For context, JPMorgan Chase had approximately **** times the number of branches as Lloyds Bank, the leading British bank by branch count. Is the U.S. banking sector stable? The stability of the U.S. banking sector has improved steadily since the aftermath of the 2008 financial crisis. The share of non-performing loans held by U.S. banks has consistently decreased over time. As of the second quarter of 2025, all four of the largest U.S. banks - Wells Fargo, JPMorgan Chase, Bank of America, and Citigroup - maintained a Common Equity Tier 1 (CET1) capital ratio well above the Basel-III minimum requirement of *** percent. The CET1 capital ratio, which measures a bank’s core capital against its risk-weighted assets, is a key indicator of a bank's financial strength and resilience. Digital banking in the U.S. With the rise of digital services, many traditional banking functions can now be performed online, reducing the need for a physical presence. Since 2009, the number of bank branches in the United States has steadily declined as consumers increasingly rely on digital banking solutions. This trend accelerated during the COVID-19 pandemic, with more Americans turning to online banking for convenience and cost-effectiveness.

United States US: Branches: per 100,000 Adults: Commercial Banks data was reported at 32.666 Number in 2016. This records a decrease from the previous number of 33.033 Number for 2015. United States US: Branches: per 100,000 Adults: Commercial Banks data is updated yearly, averaging 33.941 Number from Dec 2004 (Median) to 2016, with 13 observations. The data reached an all-time high of 35.898 Number in 2009 and a record low of 32.386 Number in 2014. United States US: Branches: per 100,000 Adults: Commercial Banks data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Banking Indicators. Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.; ; International Monetary Fund, Financial Access Survey.; Median; Country-specific metadata can be found on the IMF’s FAS website at http://fas.imf.org.

Branch banking usage decreased overall between 2019 and 2025 but remained relatively high among bank account holders in the United States. According to Statista's Consumer Insights, the share of bank account holders who processed banking matters in person in a branch was ** percent in the first quarter of 2025, ***** percentage points less than in the first half of 2019. Branch banking usage dropped rather notably in 2019 and 2020 but remained stable since then. While the popularity of branch banking dropped, mobile banking usage increased during the same period.

The number of bank branches in Colombia declined in 2023 compared to the previous year. That year, the total number of bank branches in the country fell to *****, down from ***** in 2022. In Latin America, Brazil had the highest number of bank branches in 2023, while Colombia ranked fourth.

Taiwan LF: Bank of America: Deposits data was reported at 33,563.000 NTD mn in May 2018. This records a decrease from the previous number of 33,762.000 NTD mn for Apr 2018. Taiwan LF: Bank of America: Deposits data is updated monthly, averaging 16,775.000 NTD mn from Nov 1999 (Median) to May 2018, with 223 observations. The data reached an all-time high of 54,711.000 NTD mn in Mar 2016 and a record low of 10,784.000 NTD mn in Mar 2008. Taiwan LF: Bank of America: Deposits data remains active status in CEIC and is reported by Banking Bureau, Financial Supervisory Commission. The data is categorized under Global Database’s Taiwan – Table TW.KB033: Condensed Financial Structure: Local Branches of Foreign Banks.

Bank of America: Deposits: Branches in India data was reported at 190,729.977 INR mn in 2018. This records a decrease from the previous number of 191,563.748 INR mn for 2017. Bank of America: Deposits: Branches in India data is updated yearly, averaging 31,586.100 INR mn from Mar 1992 (Median) to 2018, with 27 observations. The data reached an all-time high of 191,563.748 INR mn in 2017 and a record low of 12,416.200 INR mn in 1992. Bank of America: Deposits: Branches in India data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.KBP007: Foreign Banks: Assets and Liabilities: Bank of America.

Taiwan LF: Bank of America: Loans data was reported at 61,081.000 NTD mn in May 2018. This records a decrease from the previous number of 62,130.000 NTD mn for Apr 2018. Taiwan LF: Bank of America: Loans data is updated monthly, averaging 50,340.000 NTD mn from Nov 1999 (Median) to May 2018, with 223 observations. The data reached an all-time high of 162,659.000 NTD mn in Nov 2011 and a record low of 16,492.000 NTD mn in Aug 2005. Taiwan LF: Bank of America: Loans data remains active status in CEIC and is reported by Banking Bureau, Financial Supervisory Commission. The data is categorized under Global Database’s Taiwan – Table TW.KB033: Condensed Financial Structure: Local Branches of Foreign Banks.

Safe and vault manufacturing has fared well over the past five years, with very rapid revenue growth. This was primarily driven by a substantial rise in input material costs, particularly steel, as the world price of steel more than doubled between 2020 and 2021. While it's mostly returned to 2019 levels, prices were highly elevated for a significant period of time and manufacturers were highly successful at passing these heightened costs onto consumers. Overall, revenue has increased at a CAGR of 10.1% over the past five years to an estimated $1.1 billion, which includes 1.5% growth in 2025 alone as prices have mostly leveled out. Manufacturers have successfully managed volatility in input costs by passing these cost increases onto customers, contributing to revenue growth.. Gun ownership also mostly held steady, reaching 42.0% in 2023 according to a Pew Research survey, keeping demand for home and gun safes high. However, growing digitization has led major banks to phase out their safe box deposits, which coincided with the declining number of bank branches over the past decade. This has eroded what was once a significant market for safe and vault manufacturers, instead leaving them to focus on home and commercial customers that are storing their own valuables. Anticipated growth in residential and nonresidential construction markets is expected to drive growth for safes and vaults. Demand from nonresidential construction is set to rise due to projected declines in interest rates, prompting increased capital investments by businesses. Similarly, falling mortgage rates are expected to stimulate residential construction, boosting demand for security products. Advances in materials science are expected to improve the durability of safes and vaults while reducing transportation costs by developing lighter yet equally strong products. The price of steel is forecast to inch downward, which may provide safe and vault manufacturers with an opportunity to expand profit by being slower to reduce prices. Revenue is projected to increase at a CAGR of 2.1% over the next five years, reaching $1.2 billion by 2030.

In 2024, JPMorgan Chase was the largest U.S. employer in the banking sector, with a workforce exceeding ******* by year-end. Wells Fargo followed, employing over ******* people. JPMorgan Chase also held the top spot for the most bank branches in the country, a factor that likely contributed to its substantial headcount. Employment in the U.S. banking sector The number of employees of FDIC-insured banks in the United States fluctuated during the last decade, from around **** million in 2012, down to **** million in 2014, and up to around **** million in 2024. There is no clear downward trend in bank employment in the United States, despite the decreasing number of bank branches in the last several years. The largest banks The big four in the U.S. banking industry are JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup. The largest, JPMorgan Chase, is not only the leading bank in the United States in terms of market capitalization, but also the leading bank in the world. The bank had a market capitalization of around *** billion U.S. dollars in 2024.

In 2025, three Dutch banks ranked among the world's top 100 most valuable banking brands. ING led with an estimated brand value of approximately 10.8 billion U.S. dollars, followed by Rabobank, which saw a significant year-over-year increase to 9.4 billion U.S. dollars. ABN AMRO also secured a spot in the top 100 with a brand value of 4.4 billion U.S. dollars. These three banks were not only among the global leaders but also the largest in the Netherlands in terms of assets. Market dominance and branch presence The prominence of these three banks extends beyond brand value. As of 2023, ING Group held the top position in the Netherlands with assets exceeding 975 billion euros, significantly outpacing its competitors. Rabobank and ABN Amro secured the second and third positions, respectively, solidifying their status as the leading banks in the Benelux region. Despite their market dominance, these major banks have been reducing their physical presence. Rabobank, for instance, maintained only 118 branches as of January 2024, while smaller banks like RegioBank and SNS Bank led in branch numbers with 418 and 199 locations, respectively. Sector trends and employment landscape The Dutch banking sector has shown resilience and growth in recent years. Total assets exceeded 2.8 trillion euros in the third quarter of 2024, reflecting a consistent upward trend since 2021 and a recovery from the COVID-19 pandemic's impact. However, this growth has not translated into increased employment opportunities. The sector experienced a decline in jobs between 2010 and 2022, with approximately 78,000 full-time positions recorded in 2022. This trend underscores the ongoing transformation in the banking industry, likely driven by digitalization and efficiency measures.

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US Retail Banking Market Size 2025-2029

The US retail banking market size is forecast to increase by USD 92.1 billion at a CAGR of 4.2% between 2024 and 2029.

The Retail Banking Market in the US is witnessing significant shifts driven by the ongoing digital transformation. Banks are increasingly adopting cloud-based solutions to enhance customer experience, streamline operations, and reduce costs. This transition is reshaping the competitive landscape, with traditional players competing against fintechs and digital-only banks. However, this digital evolution brings new challenges. Cybersecurity threats are on the rise, as retail banks become more reliant on technology and digital platforms.
Protecting sensitive customer data and maintaining robust security measures are becoming critical priorities. As retail banking continues to evolve, players must navigate these challenges while leveraging technology to offer personalized services, improve efficiency, and meet evolving customer expectations.

What will be the size of the US Retail Banking Market during the forecast period?

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The retail banking market in the US continues to evolve, with a focus on enhancing customer experience, ensuring financial crime prevention, and improving operational efficiency. Customer service automation and digital identity verification are key areas of investment, aiming to provide a personalized banking experience. Regulatory reporting systems and compliance management software are essential for maintaining network infrastructure resilience and transaction security protocols. Financial product innovation and investment advisory services are driving growth in the industry, with expectations of a 5% annual expansion. For instance, a leading bank reported a 25% increase in digital transactions in the last quarter, underscoring the shift towards digital channels.
Risk assessment methodologies and fraud prevention technologies are also crucial, as operational efficiency metrics become increasingly important in a competitive landscape. Branch network optimization, loan underwriting processes, and insurance product integration are ongoing initiatives to cater to diverse customer needs. Payment processing speed and customer loyalty programs are other areas of focus, as banks strive to maintain a competitive edge. Wealth management solutions, account opening procedures, and customer support channels are further aspects of the market that are continuously unfolding, reflecting the dynamic nature of the retail banking sector.

How is this US Retail Banking Market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Private sector banks
  Public sector banks
  Foreign banks
  Community development banks
  Non-banking financial companies


Service

  Saving and checking account
  Personal loan
  Mortgages
  Debit and credit cards
  Others


Channel

  Direct sales
  Distributor


Consumer Segment

  Individual Consumers
  Small Businesses
  Corporation


Delivery Mode

  Branch Banking
  Online Banking
  Mobile Banking


Geography

  North America

    US

By Type Insights

The private sector banks segment is estimated to witness significant growth during the forecast period.

The US retail banking market is experiencing significant evolution, with private sector banks leading the charge. Institutions such as JPMorgan, Bank of America, Wells Fargo, and Citibank are at the forefront, offering high-net-worth individuals personalized financial advice, customer relationship management, and advanced risk management models. Regulatory changes have played a pivotal role in market growth, enabling new entrants to join the fray. These newcomers bring innovative solutions, including transaction authorization protocols, financial data analytics, ATM network optimization, and biometric authentication systems. Furthermore, the integration of payment gateways, digital lending platforms, and mobile wallets caters to changing consumer preferences. The market is expected to grow at a steady pace, with industry experts projecting a 5% increase in revenue over the next year.

A notable example of innovation is the implementation of real-time transaction processing and fraud detection systems, which has resulted in a 30% reduction in fraudulent activities for some leading banks. The adoption of cloud-based banking infrastructure, open banking APIs, and branchless banking operations further underscores the sector's commitment to customer experience and convenience. Regulatory compliance frameworks, including KYC/AML measure

Taiwan LF: Bank of America: Bad Debt Reserve data was reported at 343.000 NTD mn in May 2018. This records a decrease from the previous number of 351.000 NTD mn for Apr 2018. Taiwan LF: Bank of America: Bad Debt Reserve data is updated monthly, averaging 282.000 NTD mn from Dec 2004 (Median) to May 2018, with 162 observations. The data reached an all-time high of 1,382.000 NTD mn in Dec 2004 and a record low of 88.000 NTD mn in Jun 2007. Taiwan LF: Bank of America: Bad Debt Reserve data remains active status in CEIC and is reported by Banking Bureau, Financial Supervisory Commission. The data is categorized under Global Database’s Taiwan – Table TW.KB033: Condensed Financial Structure: Local Branches of Foreign Banks.

The ATM Manufacturing industry is experiencing significant changes, primarily driven by rapidly evolving customer needs and technological advancements. The gain of mobile banking and the ubiquitous use of digital wallets have sharply dropped the usage of cash. Peer-to-peer payment apps such as Venmo and Cash App further contribute to this drop. Despite these trends, ATM manufacturers are responding by diversifying their offerings, with the ATM-as-a-Service model gaining traction, whereby a financial institution outsources its entire ATM operation and management to a third-party provider, helping it focus more on core banking activities. Industry revenue has climbed at a CAGR of 0.4% through the end of 2025 and is expected to total $341.7 million in 2025 when revenue will sink 1.7%. ATM manufacturers are also adopting strategies to stay relevant and continue to serve their market effectively. They are innovating ATMs to accommodate mobile technology, enabling cardless and contactless transactions. Mobile ATMs, for instance, are gaining popularity because of their flexibility in geographical reach. Also, closing bank branches in rural and low-income areas potentially provides an opportunity for mobile and independent ATMs. Industry profit has marginally dropped over the past five years as waning demand and a drop in transaction volumes hampers industry performance. Through the end of 2030, the traditional single-function ATMs are likely to become obsolete. With the advent of cloud-based technologies, ATMs are expected to offer a variety of customer-centric features by 2030, such as Bitcoin purchasing and currency conversion. AI also presents a significant opportunity for the industry, with the potential for predictive maintenance, advanced fraud detection and personalized customer interactions. Another predicted trend is the gain in security investment, as mounting cyber threats and the advent of new services like mobile cash withdrawals or bill payments necessitate enhanced security systems. Overall, industry revenue will sink at a CAGR of 1.2% through the end of 2030 to total $320.9 million.

The number of digital banking users was forecast to surpass *** million in the United States in 2019. This represents more than a twenty percent increase from 2014. Two factors lead to this increase in digital banking. One is the increased prevalence of smartphones and other digital technologies, and the other is an increase in financial technology (fintech) firms.

Mobile phones and mobile banking

Traditional banks, such as Bank of America, are seeing an increased number of mobile banking users. The increased number of mobile phone users motivates this shift, but it fits both users and banks well. Users do not have to worry about finding a physical branch and are therefore able to bank on their own schedule. Banks can decrease staff at these branches, shifting resources to information technology platforms that can service a greater number of users at a lower cost.

The influence of Fintech

Fintech firms are cutting into the market share of established banks through a variety of channels. Most directly, these non-traditional financial firms are providing banking products and services, but only focusing on one product. For example, fintech firms are providing a growing share of personal loans. These companies are often agile startups that have lower overheads than the existing banks. However, as the established banks adopt the technologies of the fintechs, they may be able to win back some of the digital banking users that this statistic presents.

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Coin Sorter Market Size 2024-2028

The coin sorter market size is forecast to increase by USD 1.33 billion, at a CAGR of 7.08% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing adoption of automation and digital technologies in various industries, including e-commerce and IT, is driving the demand for coin sorters. The semiconductor industry's advancements in sensor technology have led to more accurate coin counting, making coin sorters an essential tool for businesses. 
In developing countries, the rising number of bank branches is increasing the need for coin sorting machines to manage the high volume of cash transactions. Furthermore, the increasing popularity of card transactions does not diminish the importance of coin sorters, especially in sectors such as casinos and support services. Overall, the market is expected to grow steadily, fueled by these trends and the continuous advancements in electronics and digital technologies.

What will be the Size of the Coin Sorter Market During the Forecast Period?

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The market encompasses devices designed to automate the sorting and counting of coins in various denominations for revenue-generating processes. These devices, which include containers and tubes, cater to end users in commercial banking and retail industries, particularly in cash-intensive environments. The market's growth is driven by the increasing need for efficiency and performance in handling currency, as well as the global digitization trend.
Human error reduction is a significant factor In the market's appeal, as organizations seek to streamline their cash handling operations. End-use industries, such as retail outlets and commercial establishments, benefit from the increased accuracy and speed offered by coin sorters. The market's size is substantial, with sectors like electronics production, semiconductor manufacturing, and IT gear also utilizing coin sorters in their operations. Studies suggest that the market will continue to grow, with a contact form available for those interested in learning more about automated cash handling solutions.

How is this Coin Sorter Industry segmented and which is the largest segment?

The coin sorter industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Small size coin sorter
  Medium size coin sorter
  Large size coin sorter


Geography

  APAC

    China
    Japan


  North America

    US


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Type Insights

The small size coin sorter segment is estimated to witness significant growth during the forecast period.

The small-size coin sorter segment is projected to experience substantial growth In the market due to the rising preference for these devices in cash-intensive environments, particularly in retail industries. Small-size coin sorters are increasingly popular due to their ability to handle a large number of coins of various denominations and sizes. The efficiency and performance gains from automating cash handling in retail outlets are significant, contributing to the market's expansion. Commercial banking and lodging establishments also rely on coin sorters for revenue generation and organizational efficiency.

The market's growth is driven by the increasing trend toward cashless transactions, including card transactions and online payment methods, which has not diminished the need for coin handling solutions. Key players In the ecosystem include manufacturers of coin machines, IT gear, electronics production, and semiconductor companies. The coin sorter industry continues to evolve with advanced automation technologies, improving the accuracy and speed of coin sorting processes while reducing human error.

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The small size coin sorter segment was valued at USD 1.15 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 38% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC experienced significant growth in 2023, with China, South Korea, and Japan being the primary contributors to revenue. The expansion of banks, retail industries, commercial establishments, and monetary organizations In these countries fueled this growth. The increasing savings and disposable income In the region have encouraged banks to e

Thailand BAC: Total Equity of HO & Branches of Same Juristic Person's data was reported at 10,518,900.000 THB th in Jun 2018. This records a decrease from the previous number of 11,115,551.000 THB th for May 2018. Thailand BAC: Total Equity of HO & Branches of Same Juristic Person's data is updated monthly, averaging 12,008,982.000 THB th from Jan 2011 (Median) to Jun 2018, with 90 observations. The data reached an all-time high of 21,916,657.000 THB th in Sep 2016 and a record low of 5,207,184.120 THB th in Sep 2014. Thailand BAC: Total Equity of HO & Branches of Same Juristic Person's data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.KB058: Balance Sheet: Foreign Bank: Bank of America.

Thailand BAC: Equity: Accounts with HO & Other Branches: Net data was reported at 765,123.000 THB th in Oct 2018. This records a decrease from the previous number of 1,761,346.000 THB th for Sep 2018. Thailand BAC: Equity: Accounts with HO & Other Branches: Net data is updated monthly, averaging 4,178,839.500 THB th from Jan 2011 (Median) to Oct 2018, with 94 observations. The data reached an all-time high of 16,876,204.957 THB th in Nov 2013 and a record low of 297,699.770 THB th in Sep 2014. Thailand BAC: Equity: Accounts with HO & Other Branches: Net data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.KB058: Balance Sheet: Foreign Bank: Bank of America.