As of March 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 first 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.

Graph and download economic data for Number of Bank Branches for United States (DDAI02USA643NWDB) from 2004 to 2019 about banks, depository institutions, and USA.

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.

The number of commercial bank branches in the United States decreased by *** branches per 100,000 adults (-**** percent) compared to the previous year. Therefore, 2023 marks the lowest number of commercial bank branches during the observed period. Commercial banks are financial institutions which offer consumers and small to mid-sized businesses with basic banking services such as deposit accounts and loans. They make money from a variety of fees and by earning interest income from loans. A bank branch is a physical location of a banking corporation.Find more statistics on other topics about the United States with key insights such as market capitalization of listed domestic companies as a share of GDP.

Graph and download economic data for Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for United States (USAFCBODCKNUM) from 2004 to 2023 about branches, banks, depository institutions, and USA.

As of March 2024, JPMorgan Chase Bank was the largest bank in the United States by the number of branches, with 5,110 branches nationwide. It was followed by Wells Fargo Bank, which operated 4,349 branches, and Bank of America, with 3,975 branches. For context, Wells Fargo had approximately three 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 first quarter of 2024, 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 4.5 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.

Graph and download economic data for Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for United States (USAFCBODCNUM) from 2004 to 2023 about branches, banks, depository institutions, and USA.

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.

The number of FDIC-insured commercial banks in the United States decreased steadily from 2000 to 2024. At the end of 2024, there were 3,928 FDIC-insured commercial banks in the country, down from 4,036 a year earlier. The FDIC, Federal Deposit Insurance Corporation, is an agency that insures the banking system in the U.S. Despite the dropping number of banks, the number of employees in the banking industry increased in the last two decades. Why do banks need insurance? The number of banks is shrinking, but the value of deposits in these banks is growing, amounting to trillions of U.S. dollars. The primary function of the FDIC is to insure these deposits up to 250,000 U.S. dollars. Under stable economic conditions, this task can be performed without particular difficulties. However, during economic uncertainties and recessions, it can be challenging. During the Global Financial Crisis, hundreds of FDIC-insured banks declared insolvency. Account holders were then eligible for compensation for the portion of their accounts that the FDIC insured. Financial figures of the FDIC-insured banks Except in times of deep recession, U.S. banks have a positive net operating income. It amounted to over 324 billion U.S. dollars in 2024. The value of funds borrowed by the U.S. FDIC-insured banks reached 1.4 trillion U.S. dollars that year.

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.

Number of Bank Branches for United States was 30.46418 Number per 100,000 adults in January of 2019, according to the United States Federal Reserve. Historically, Number of Bank Branches for United States reached a record high of 35.90977 in January of 2009 and a record low of 30.46418 in January of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for Number of Bank Branches for United States - last updated from the United States Federal Reserve on September of 2025.

United States COF: Number of Domestic Branches data was reported at 468.000 Number in Dec 2019. This records a decrease from the previous number of 474.000 Number for Sep 2019. United States COF: Number of Domestic Branches data is updated quarterly, averaging 698.000 Number from Mar 2001 (Median) to Dec 2019, with 76 observations. The data reached an all-time high of 991.000 Number in Jun 2010 and a record low of 236.000 Number in Dec 2003. United States COF: Number of Domestic Branches data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB006: Commercial Banks: Consolidated Assets.

As of March 2025, JPMorgan Chase had the highest value of deposits across all FDIC-insured institutions in the United States. JPMorgan Chase's value of deposits amounted to roughly *** trillion U.S. dollars, which was followed by Bank of America, with deposits just above *** trllion U.S. dollars. Wells Fargo and Citibank followed, both with deposits well over *** trillion U.S. dollars.

Bank branches per 100,000 adults in United States was reported at 138 bank branches in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Bank branches per 100,000 adults - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

United States - Number of Branches or offices, Commercial banks

Graph and download economic data for Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for United States (USAFCBODCLNUM) from 2004 to 2015 about branches, banks, depository institutions, and USA.

The H.8 release provides an estimated weekly aggregate balance sheet for all commercial banks in the United States. The release also includes separate balance sheet aggregations for several bank groups: domestically chartered commercial banks; large domestically chartered commercial banks; small domestically chartered commercial banks; and foreign-related institutions in the United States. Foreign-related institutions include U.S. branches and agencies of foreign banks as well as Edge Act and agreement corporations. Published weekly, the release is typically available to the public by 4:15 p.m. each Friday. If Friday is a federal holiday, then the data are released on Thursday.The H.8 release is primarily based on data that are reported weekly by a sample of approximately 875 domestically chartered banks and foreign-related institutions. As of December 2009, U.S. branches and agencies of foreign banks accounted for about 60 of the weekly reporters and domestically chartered banks made up the rest of the sample. Data for domestically chartered commercial banks and foreign-related institutions that do not report weekly are estimated at a weekly frequency based on quarterly Call Report data.

United States STT: Number of Foreign Branches data was reported at 11.000 Number in Dec 2019. This stayed constant from the previous number of 11.000 Number for Sep 2019. United States STT: Number of Foreign Branches data is updated quarterly, averaging 11.000 Number from Mar 2001 (Median) to Dec 2019, with 76 observations. The data reached an all-time high of 12.000 Number in Dec 2012 and a record low of 5.000 Number in Mar 2001. United States STT: Number of Foreign Branches data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB006: Commercial Banks: Consolidated Assets.

The FR 2644 is a balance sheet report that is collected as of each Wednesday from an authorized stratified sample of 875 domestically chartered commercial banks and U.S. branches and agencies of foreign banks. The FR 2644 is the only source of high-frequency data used in the analysis of current banking developments. The FR 2644 collects sample data that are used to estimate universe levels for the entire commercial banking sector in conjunction with data from the quarterly commercial bank Consolidated Reports of Condition and Income (FFIEC 031, FFIEC 041, and FFIEC 051; OMB No. 7100-0036) and the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002; OMB No. 7100-0032) (Call Reports). Data from the FR 2644 and the Call Reports are utilized in construction of weekly estimates of U.S. bank credit, balance sheet data for the U.S. commercial banking sector, and sources and uses of banks' funds, and to analyze current banking developments, including the monitoring of broad credit and funding conditions. The Board publishes the data in aggregate form in the weekly H.8 statistical release, Assets and Liabilities of Commercial Banks in the United States, which is followed closely by other government agencies, the banking industry, financial press, and other users. The H.8 release provides a balance sheet for the commercial banking industry as a whole as well as disaggregated data for three bank groups: large domestically chartered banks, small domestically chartered banks, and U.S. branches and agencies of foreign banks.

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