US banking market, mapped
Largest Banks in the US: 71,000 Branches Across 4,500 FDIC-Insured Banks
The 10 largest US banks operate roughly 30,000 of the 71,000 commercial-bank branches in the country. Chase, Wells Fargo, and Bank of America lead. The other 58 percent of branches belongs to about 4,490 community and regional banks.
The market, in three numbers
Concentration the trade press keeps overstating.
share held by the top 10 banks
The 10 largest banks by branch count run roughly 30,000 of 71,000 US branches. JPMorgan Chase alone runs about 4,700.
held by community and regional banks
Roughly 41,000 branches belong to the 4,490 banks outside the top 10. Most operate fewer than 50 branches, many under 10.
FDIC-insured banks, down from 14,000
The US had 14,400 commercial banks in 1990. After 34 years of mergers, the institution count has fallen by roughly two-thirds.
Source: Orbital classifier, market Banking and Lending, June 2026 snapshot.
Methodology
Why this list is shorter than the one you found yesterday.
Most "biggest banks" lists circulating online are noisy. They merge banks with mortgage originators, finance companies, and CFPB-regulated non-bank lenders, which inflates the count to a number that looks impressive and is the wrong denominator for a vendor selling into banks. The figures on this page are FDIC-insured depository institutions and their branches, full stop.
How the 71,000 figure is built
- Anchor on the FDIC. The FDIC Quarterly Banking Profile for Q4 2024 reports 4,517 FDIC-insured commercial banks operating roughly 71,000 branches. That is the canonical number for the US banking market. We cite it directly rather than back-computing our own.
- Drop the non-banks. Mortgage originators, consumer-finance companies, title-loan shops, and CFPB-regulated non-depository lenders are not banks. They sit in a separate file with a separate regulator and a separate vendor stack. We keep them apart even though many vendor lists do not.
- Resolve each branch to the holding company. A Chase branch in Tucson and a Chase branch in Tampa roll up to JPMorgan Chase & Co. (NYSE: JPM). We surface both the branch-level address and the parent so you can target by region and by parent procurement seat.
- Find the buyer. For the top 10, vendor decisions sit in the parent's corporate IT, vendor-management, and risk functions. For community banks, the buyer is often the bank's COO, head of operations, or president. We map both layers and ship verified contacts for whichever layer matches your motion.
- Refresh on a rolling schedule. FDIC publishes call-report data quarterly; we refresh against the universe of US businesses on a monthly schedule, which catches branch closures and openings between FDIC releases.
- Hold credit unions separately. The 4,600 NCUA-chartered credit unions are a different regulator, a different core-banking vendor landscape, and a different buying motion. They live on our sister credit-unions page, not this one.
Want the cut by state, asset tier, or charter type? Ask. We do not hide the working.
By state
Where the financial-services buyers actually are.
Bank and non-bank lender offices cluster in California, Texas, and Florida, together 27% of US locations, because that is where the housing volume and small-business loan demand sits. The table below shows the Orbital banking-and-lending operator count by state, the broader picture that includes banks, lenders, and mortgage offices. Size territory with this table. Switch to the 71,000 FDIC figure the moment you cut to depository-only.
| # | State | Locations | Share of market |
|---|---|---|---|
| 1 | California | 31,723 | 11.38% |
| 2 | Texas | 24,661 | 8.85% |
| 3 | Florida | 19,748 | 7.09% |
| 4 | New York | 11,924 | 4.28% |
| 5 | Illinois | 11,217 | 4.03% |
| 6 | Ohio | 10,326 | 3.71% |
| 7 | Pennsylvania | 8,737 | 3.14% |
| 8 | Georgia | 8,599 | 3.09% |
| 9 | North Carolina | 7,461 | 2.68% |
| 10 | Tennessee | 7,370 | 2.64% |
| 11 | Michigan | 7,249 | 2.60% |
| 12 | New Jersey | 7,023 | 2.52% |
| 13 | Washington | 6,611 | 2.37% |
| 14 | Colorado | 6,581 | 2.36% |
| 15 | Arizona | 6,490 | 2.33% |
Counts above cover the full banking-and-lending operator universe (banks, mortgage offices, finance companies). To get the bank-branches-only cut by state, request the sample and we ship the FDIC-aligned file scoped to depository branches.
The top ten
Largest US banks by branch count.
By branches, the top 10 hold 42%. By deposits, the top 4 hold over 50%. The branch lens makes the market look less concentrated because it is. Chase, Wells Fargo, and Bank of America lead on retail footprint. PNC and U.S. Bank are the next tier. Truist, Regions, Fifth Third, TD Bank US, and M&T round out the top ten. Together they run roughly 30,000 of 71,000 US branches.
| # | Bank | US branches | Parent / note |
|---|---|---|---|
| 1 | JPMorgan Chase | ~4,700 | JPMorgan Chase & Co. (NYSE: JPM). The only top-10 bank actively growing its branch footprint since 2018; opened over 400 net new branches across new growth markets per 2024 investor day disclosures. |
| 2 | Wells Fargo | ~4,300 | Wells Fargo & Co. (NYSE: WFC). Still operating under the 2018 Federal Reserve asset cap; closed roughly 600 branches between 2020 and 2024 per 10-K filings. |
| 3 | Bank of America | ~3,800 | Bank of America Corp. (NYSE: BAC). Orbital chain-resolver under-counted BofA branches; corrected to 2024 FDIC Summary of Deposits count. Operates the largest US deposit base of any single bank. |
| 4 | PNC Bank | ~2,400 | PNC Financial Services (NYSE: PNC). Acquired BBVA USA in 2021, which added roughly 600 branches in the Sunbelt. |
| 5 | U.S. Bank | ~2,200 | U.S. Bancorp (NYSE: USB). Completed Union Bank acquisition in late 2022, adding roughly 290 California branches. |
| 6 | Truist | ~1,900 | Truist Financial (NYSE: TFC). Formed from the 2019 BB&T / SunTrust merger; closed roughly 800 branches in the post-merger rationalization through 2024. |
| 7 | Regions Bank | ~1,300 | Regions Financial (NYSE: RF). Southeast-anchored, concentrated in Alabama, Tennessee, Florida, and Georgia. |
| 8 | Fifth Third Bank | ~1,100 | Fifth Third Bancorp (NASDAQ: FITB). Midwest-anchored, expanding into the Southeast through MB Financial and post-2023 organic openings. |
| 9 | TD Bank (US) | ~1,100 | US subsidiary of Toronto-Dominion (NYSE: TD). Northeast-Mid Atlantic footprint. Under DOJ AML consent order from 2024 limiting US asset growth. |
| 10 | M&T Bank | ~1,100 | M&T Bank Corporation (NYSE: MTB). Acquired People's United in 2022, which roughly doubled the New England footprint. |
| * | Honorable mentions | n/a | Citizens (~1,280), Huntington National Bank (~1,400), Citibank (~650 US branches plus 80 cafes per Citi 10-K), Capital One (~350 retail branches plus 80 cafes per COF 10-K), KeyBank (~940), BMO Harris (~1,380), Woodforest (~710). Each of these buys core, compliance, and lending tech at the same scale as the top 10. Citizens alone runs 1,280 branches. |
| * | Methodology note | n/a | Branch counts are rounded to the nearest 100 to reflect quarterly drift between FDIC reporting periods. Source: company 10-K filings (2024), FDIC Summary of Deposits (June 2024), and the Orbital location graph. Mortgage originators, consumer-finance companies, and title-loan operators are excluded from this list. |
As of Q4 2024, US open branches. The top 10 combined run roughly 30,000 of 71,000 US bank branches, or about 42 percent. The other 58 percent belongs to about 4,490 community and regional banks.
Our take
The long-tail SaaS dollars in banking live below the top 10.
We believe
America has 4,500 FDIC-insured banks. The top 10 hold 42 percent of branches. The other 4,490 are where you actually win deals.
America has 4,500 FDIC-insured banks, down from over 14,000 in 1990. The top 10 by branch count operate roughly 30,000 of the 71,000 branches, about 42 percent. The other 58 percent is held by about 4,490 community banks and credit unions, mostly under 50 branches each. If you sell into banking software, the top 10 are core-platform contracts (FIS, Fiserv, Jack Henry) you fight head-to-head for. The 4,490 community institutions are where the long-tail SaaS revenue is, and they are the segment most exposed to the regional-bank consolidation wave that is still running.
That gap matters when you choose your motion. A pipeline built around five enterprise logos walks past 4,000 community-bank presidents writing 50,000 dollar checks for fraud monitoring. Knowing the community-bank map means running the same pitch 4,000 times with a different COO on the other side.
Who buys this data
B2B vendors selling into 4,500 banks and 71,000 branches.
If your buyer is a bank's COO, head of ops, or branch president, not a consumer with a checking account, this is the file. If you ship in one of the categories below, your AE team gets named buyers at the branch, regional, and parent layer on every row.
Core banking and digital-banking software
nCino, Q2, Alkami, Apiture, MANTL, Narmi, Mambu, and the next wave of digital-banking front-ends selling the upgrade off a Fiserv or Jack Henry core.
BSA, AML, and fraud monitoring
Verafin, NICE Actimize, ComplyAdvantage, Hummingbird, Unit21, and the regulator-driven compliance buy that every community bank under FFIEC supervision has to make.
Loan origination and underwriting
Encompass, nCino LOS, Blend, Baker Hill, Numerated, and the small-business lending platforms selling speed-of-decisioning to community-bank credit teams.
Security, fraud, and identity
Socure, Alloy, Sardine, Persona, Plaid Verify, and the cyber tooling required by GLBA, FFIEC, and state banking regulators for every chartered institution.
Treasury, payments, and BaaS partners
Treasury Prime, Synctera, Unit, Modern Treasury, and the BaaS partners selling sponsor-bank programs to community banks chasing fee income.
Investment banking and consulting
Mid-market investment banks, consulting firms, and the advisory layer working the community-bank consolidation wave. The buyer is the CEO and the board.
Risk, marketing, and deposit analytics
Risk-decisioning, deposit-pricing, and bank-marketing data tools sold to chief risk officers, treasurers, and heads of marketing at community and regional banks.
Adjacent universes built the same way: the market insights index, the by-industry email lists, the CFO email list for buyers selling into bank finance teams, and the credit unions universe (coming soon) for the NCUA-chartered side of the market.
Plain-spoken
When the banks dataset is the wrong fit.
Do not buy this if any of the following are true.
You sell to consumers directly. Personal checking accounts, retail mortgages, savings apps, and consumer-side fintech want consumer data, not a B2B bank list. The buyer on this dataset is the bank, not the bank's customers.
You only sell at the top-3 enterprise tier. If your motion is one annual contract with Chase, Bank of America, and Wells Fargo, you need three relationship managers and a strong contract redline. A list of 4,500 banks is the wrong tool.
Your sales motion only fires above $10M ACV. The roughly 4,000 community banks under 1 billion dollars in assets will not fit your unit economics. A community bank president writes a 50,000 dollar check for new fraud software, not a 10 million dollar core-platform replacement on day one.
You need real-time call-report data. The FDIC publishes call-report data quarterly with a 30-to-45 day reporting lag. We refresh the contact graph monthly, which is the right cadence for prospecting and the wrong cadence for risk-monitoring or counterparty surveillance.
The honest version
Why most banks vendor data is wrong.
If you Google "largest banks in the US," the top result is usually a Statista or Bankrate page that lists the top 15 by total assets. Asset-ranked lists are right for capital-markets work. They are the wrong tool for vendor prospecting. They are the wrong lens if you are a vendor trying to figure out which 4,000 community banks to actually call this quarter. By assets, JPMorgan Chase is roughly twelve times the size of M&T. By branch count, JPMorgan is roughly four times the size of M&T. The asset gap flatters concentration in a way the branch gap does not.
The second problem is universe definition. Many third-party vendor databases blend FDIC-insured banks with mortgage originators, consumer-finance companies, title-loan operators, and CFPB-regulated non-bank lenders, then call the result a "banks" file. That inflates the count to something five times larger than the FDIC's 4,500 figure and pollutes the segmentation. Selling fraud software to a title-loan shop is a different sale than selling fraud software to a community bank. Generalist databases collapse banks and title-loan shops into one label, and AEs burn a quarter on leads that fail discovery.
The third problem is the buyer. Enterprise B2B databases roll up by parent holding company and lose the branch. They show JPMorgan Chase & Co. as one row with a corporate Manhattan address, and the 4,700 Chase branches collapse into a single record. For most banking-vendor categories, the buyer is not at the parent: it is the bank's chief operating officer, head of operations, branch operations director, or regional president. Asset-ranked lists see the size but not the procurement seat. Generalist databases see the parent but not the operating bank. The branch-level view, anchored on FDIC institution data and resolved to named decision-makers, is what closes deals.
This is the gap Orbital sits in. We map US small and mid-market businesses, classify each location into its market, find the decision-maker for that location, and ship a verified contact before the conversation starts. The same machinery that builds a usable HVAC list builds a usable community-bank list, with one difference: for banks we also surface the FDIC certificate, holding company, charter type, and asset tier on every record. We are the branch-count and decision-maker complement to FDIC Quarterly Banking Profile and Federal Reserve banking data, not a replacement for either. Both views belong in your stack.
Questions
Before you ask sales about US banks data.
How many banks are there in the US?
There are roughly 4,500 FDIC-insured banks in the US operating about 71,000 commercial-bank branches, per the FDIC Quarterly Banking Profile for Q4 2024. That figure is down from over 14,000 banks in 1990. The top 10 banks by branch count operate roughly 30,000 of those 71,000 branches, or about 42 percent. The remaining 58 percent sits with roughly 4,490 smaller community and regional banks.
Why is the FDIC number different from other sources I've seen?
Many third-party datasets blend banks with mortgage originators, consumer-finance companies, and CFPB-regulated non-bank lenders, which inflates the count. The FDIC number counts only FDIC-insured depository institutions and their branches. That is the right denominator if you are selling into banks. If you also sell into mortgage lenders, finance companies, and credit unions, those are separate universes and we ship them separately.
Who is the largest US bank by branch count?
JPMorgan Chase operates the largest US branch network at roughly 4,700 branches, followed by Wells Fargo at about 4,300, Bank of America at roughly 3,800, PNC at about 2,400, and U.S. Bank at roughly 2,200. The ordering changes slightly each quarter as the majors close legacy retail locations and open new ones in growth markets. JPMorgan has been the only major actively growing its branch footprint since 2018.
Is the US banking market consolidating?
Yes, by institution count. The US had over 14,000 commercial banks in 1990 and roughly 4,500 today, a decline of two-thirds in 34 years. Most of the reduction came from community-bank mergers, not big-bank acquisitions. By branch count the picture is steadier because the regional and community banks that survived kept their branches open through the consolidations. Branch count peaked around 99,000 in 2009 and has fallen to about 71,000 today as the majors close redundant retail locations.
Where is community bank data in your list?
The top-10 table on this page covers the largest banks by branch count, which are all national or super-regional banks. The other 58 percent of US branches, roughly 41,000 locations, belongs to about 4,490 community and regional banks under 100 branches each. That is the segment most vendors actually win deals in, because the top 10 are locked into Fiserv, FIS, and Jack Henry core platforms with long contracts. Tell us when you request the sample and we cut the file to community banks only.
Can I filter by state, asset size, or charter type?
Yes. The dataset is filterable by state, metro, asset tier (under 1B, 1B to 10B, 10B to 100B, over 100B), charter type (national, state-chartered, savings), and parent holding company. Texas and California together hold the largest share of US bank branches. Tell us the cut you want when you request the sample and we ship a slice you can check against your own pipeline.
Does this list include credit unions?
No. This page covers FDIC-insured banks only. The roughly 4,600 NCUA-chartered credit unions in the US are a separate universe with a different regulator, a different core-banking vendor landscape, and a different buying motion. We ship credit union data on a separate page; ask for it when you request the bank sample if you sell into both.
When is this dataset the wrong fit?
Three cases. First, if you sell to consumers directly (checking accounts, personal loans, retail mortgages), you want consumer-side data, not a B2B bank list. Second, if your motion is one annual contract with the top three banks, you need three relationship managers, not 4,500 records. Third, if you only sell core-banking platforms above 10 million dollars in annual contract value, the long tail of sub-1B-asset community banks will not fit your unit economics. Save your budget and call us when a community-bank or regional motion opens up.
See the US banks dataset before you pay for it.
Tell us the states, asset tiers, or charter types you want. We send a free sample of around 100 verified bank decision-maker records you can check against your own pipeline. No commitment, no email-list back-and-forth.
Get the sample