News

Top nine Baltimore-area banks rank among 50 largest in America

BaltimoreNine banks with branches in the Baltimore region, including Bank of America, JPMorgan Chase, Citigroup, Wells Fargo, Capital One, PNC Financial, TD Bank, BB&T, SunTrust and M&T Bank, were recently ranked among the 50 largest banks in America.

Bank of America, which holds the largest share of the Baltimore area’s banking market, came in second with $2.2 trillion in the fourth quarter of last year. JPMorgan Chase topped the list with $2.3 trillion in assets, Baltimore Business Journal reports.

From the third quarter to the fourth quarter of last year, TD Bank fell from eleventh to tenth place, BB&T rose to twelfth place from thirteenth and M&T fell to spot eighteen from seventeenth place.

In the fourth quarter, M&T posted $83 billion in assets, as well as $40.6 billion in assets from Hudson City Bancorp, which it is purchasing for $3.7 billion, according to Baltimore Business Journal.

One Response to Top nine Baltimore-area banks rank among 50 largest in America

  1. Pingback: Wells Fargo tops for small business loans across U.S. in 2012 – Baltimore Business Journal | newzbuff.com