Here Is the Biggest Bank in Every State
Find out if a big bank is right for you.
Cameron Huddleston
Life and Money Columnist
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Despite their reputation as impersonal and profit-driven, big banks do have advantages. Most offer a wide range of financial products and the convenience of numerous locations. And, in many states, the biggest bank actually is a community or regional financial institution that puts customers first.
GOBankingRates pinpointed the biggest bank in each state, using the Federal Deposit Insurance Corporation directory to rank financial institutions by total deposits inside their market, meaning deposits within their state.
Click through to discover the biggest bank in your state.
Alabama: Regions Bank
Total deposits inside market: $22.7 billion
Total deposits overall: $99.2 billion
This bank, headquartered in Birmingham, Ala., has 221 branches in Alabama and 1,271 locations throughout the South, Midwest and Texas.
It was named by GOBankingRates as one of the best national banks of 2018 because it has relatively low fees and a full range of services — from checking and savings accounts to loans, insurance and investment services.
Alaska: First National Bank Alaska
Total deposits inside market: $2.5 billion
Total deposits overall: $2.5 billion
This community bank, headquartered in Anchorage, was founded in 1922, before Alaska even became a state. First National Bank Alaska offers checking, savings and money market accounts as well as home loans and investment services.
Arizona: Western Alliance Bank
Total deposits inside market: $6.6 billion
Total deposits overall: $16.1 billion
Headquartered in Phoenix, Western Alliance Bank has divisions in Arizona, California and Nevada. Its personal banking services include checking, savings, money market and CD accounts, home loans, personal loans and IRA accounts.
Arkansas: Arvest Bank
Total deposits inside market: $8.5 billion
Total deposits overall: $15 billion
With headquarters in Fayetteville, Ark., Arvest operates community banks in Arkansas, Kansas, Missouri and Oklahoma. In addition to no-fee checking, it offers checking accounts with benefits such as accidental death and dismemberment insurance.
California: MUFG Union Bank
Total deposits inside market: $80.6 billion
Total deposits overall: $86.8 billion
Union Bank is the consumer and commercial arm of Tokyo-based Mitsubishi UFJ Financial Group (MUFG). It is headquartered in San Francisco and has branches in California, Oregon and Washington.
Union Bank offers a range of products — such as checking and savings accounts, credit cards, home loans, insurance, retirement accounts, and brokerage and investment services.
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Colorado: FirstBank
Total deposits inside market: $14.8 billion
Total deposits overall: $15.6 billion
Based in Lakewood, Colo., FirstBank has locations in Colorado, Arizona and California. It offers no-fee checking, savings and money market accounts, college savings plans, health savings accounts, IRAs, and personal and business loans. Plus, FirstBank customers get priority access to tickets for most shows at 1STBANK Center, an event venue in the Denver area.
Connecticut: Webster Bank
Total deposits inside market: $17.8 billion
Total deposits overall: $20.6 billion
Founded in 1935 in Waterbury, Conn., Webster Bank now is a regional bank with locations in Connecticut, Massachusetts, New York and Rhode Island. It offers a full-range of banking services and products, including checking and savings accounts, credit cards, home loans, personal loans, insurance and retirement accounts.
Delaware: TD Bank
Total deposits inside market: $79.7 billion
Total deposits overall: $227.1 billion
GOBankingRates named TD Bank the best national bank of 2018 because it offers a full range of products and services and top-notch customer service. With headquarters in Wilmington, Del., it has nearly 1,300 branches along the East Coast.
Florida: TIAA/EverBank
Total deposits inside market: $19.3 billion
Total deposits overall: $23.1 billion
Florida’s biggest bank, EverBank, now is part of the TIAA family of banks. This online bank, headquartered in Jacksonville, Fla., offers checking, CD and money market accounts, home loans and investing services.
Georgia: SunTrust Bank
Total deposits inside market: $54.3 billion
Total deposits overall: $162.7 billion
SunTrust is headquartered in Atlanta and operates in 11 states in the South and the District of Columbia. It provides a full range of services and products, including personal checking, credit cards, mortgages, consumer loans, investment and retirement accounts, and wealth management.
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Hawaii: First Hawaiian Bank
Total deposits inside market: $16.1 billion
Total deposits overall: $17.5 billion
With headquarters in Honolulu, First Hawaiian Bank is the oldest and largest financial institution in Hawaii. It has 57 branches in the state, three in Guam and two in Saipan. First Hawaiian Bank offers personal and business checking and savings accounts, credit cards, mortgages, consumer loans, insurance, investments and wealth management.
Idaho: D.L. Evans Bank
Total deposits inside market: $1.1 billion
Total deposits overall: $1.1 billion
This family-owned community bank headquartered in Burley, Idaho, operates 30 branches across southern Idaho. Its checking accounts include free checking and interest-bearing accounts.
Illinois: BMO Harris Bank
Total deposits inside market: $45.2 billion
Total deposits overall: $76.9 billion
Headquartered in Chicago, BMO Harris Bank has nearly 600 branches in Illinois, Indiana, Arizona, Florida, Kansas, Minnesota, Missouri and Wisconsin. It offers traditional banking products, retirement accounts, investment and wealth-management services.
Indiana: Old National Bank
Total deposits inside market: $6.8 billion
Total deposits overall: $10.8 billion
Founded in 1834 in Evansville, Ind., Old National Bank now operates across Indiana, Kentucky, Michigan and Wisconsin. This community bank provides a range of services and products, including checking, savings and CD accounts, mortgages, consumer loans, business loans, investments and wealth-management services.
Iowa: Bankers Trust Company
Total deposits inside market: $2.9 billion
Total deposits overall: $3.2 billion
With headquarters in Des Moines, Iowa, Bankers Trust has locations in central Iowa, Cedar Rapids and Phoenix. It offers a range of banking products, including checking, savings, CD, retirement and health savings accounts.
Kansas: Capitol Federal Savings Bank
Total deposits inside market: $5.3 billion
Total deposits overall: $5.4 billion
Headquartered in Topeka, Kan., Capitol Federal Savings Bank operates 37 branches and 10 in-store locations in Kansas and Missouri. It offers home and consumer loans, checking, savings and money market accounts, CDs and IRAs.
Kentucky: Republic Bank & Trust Company
Total deposits inside market: $2.8 billion
Total deposits overall: $3.2 billion
Kentucky’s largest bank, based in Louisville, also operates in Florida, Indiana, Ohio and Tennessee. It offers a full range of products, including checking and savings accounts, CDs, IRAs, health savings accounts, mortgages, consumer loans and insurance services.
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Louisiana: IberiaBank
Total deposits inside market: $8.1 billion
Total deposits overall: $17.7 billion
Founded in 1887 in New Iberia, La., IberiaBank has 216 branches in Louisiana, Alabama, Arkansas, Florida, Georgia, Tennessee, Texas and South Carolina. Its products and services include checking and savings accounts, credit cards, mortgages, personal loans, CDs, insurance, investments, retirement and college-savings plans.
Maine: The Camden National Bank
Total deposits inside market: $3 billion
Total deposits overall: $3 billion
This community bank, headquartered in Camden, Maine, has branches across the state and lending offices in Massachusetts and New Hampshire. Not only does it offer a no-fee checking account, it has two checking accounts that offer cash-back rewards on debit-card purchases.
Maryland: Sandy Spring Bank
Total deposits inside market: $3.5 billion
Total deposits overall: $3.9 billion
Based in Olney, Md., Sandy Spring Bank has locations across Maryland, Virginia and Washington, D.C. Its services include personal and business banking, insurance and wealth management.
Massachusetts: Eastern Bank
Total deposits inside market: $8.5 billion
Total deposits overall: $8.8 billion
Founded in Boston in 1818, Eastern Bank is the largest and oldest mutual bank in the United States. It has locations in eastern Massachusetts and southern and coastal New Hampshire. Eastern Bank provides a range of traditional banking products, insurance and financial planning services.
Michigan: Chemical Bank
Total deposits inside market: $11.8 billion
Total deposits overall: $13.2 billion
This community bank, headquartered in Midland, Mich., has offices in Michigan, Ohio and Indiana. Chemical Bank offers checking, savings, money market accounts, mortgages, consumer loans and wealth-management products. Three of its checking accounts don’t require a minimum balance in order to avoid fees.
Minnesota: Bremer Bank, National Association
Total deposits inside market: $7.5 billion
Total deposits overall: $9.7 billion
Headquartered in St. Paul, Minn., this regional bank operates throughout Minnesota, North Dakota and Wisconsin. It offers a range of banking, investment, insurance and wealth-management products. Two of its three checking accounts are interest-bearing.
Mississippi: Trustmark National Bank
Total deposits inside market: $7.1 billion
Total deposits overall: $10.4 billion
Mississippi’s largest bank also has locations in Alabama, Florida, Tennessee and Texas. Headquartered in Jackson, Miss., Trustmark National Bank provides banking, insurance and wealth-management services. It offers two checking accounts with no monthly maintenance fees and four that are interest-bearing.
Missouri: Commerce Bank
Total deposits inside market: $15.2 billion
Total deposits overall: $21 billion
Based in Kansas City, Mo., Commerce Bank has branches in Missouri, Kansas, Illinois, Oklahoma and Colorado. It offers a full range of personal and business banking products and services, as well as wealth-management services.
Montana: First Interstate Bank
Total deposits inside market: $4.1 billion
Total deposits overall: $7.3 billion
This bank, headquartered in Billings, Mont., has locations throughout Montana, Idaho, Oregon, South Dakota, Washington and Wyoming. Personal banking products and services include checking and savings accounts, credit cards, mortgages and consumer loans.
Nebraska: First National Bank of Omaha
Total deposits inside market: $10.7 billion
Total deposits overall: $16.2 billion
First National Bank of Omaha is part of the First National Bank family of banks, which has 126 locations in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas. The bank offers a broad array of traditional banking products, including checking and savings accounts, CDs, IRAs, mortgages, consumer loans and investment services.
Nevada: Charles Schwab Bank
Total deposits inside market: $162.4 billion
Total deposits overall: $162.4 billion
Charles Schwab Bank is a subsidiary of Charles Schwab Corp., which offers a full range of brokerage, banking, money management and financial advisory services. The bank provides checking and savings accounts and home loans.
New Hampshire: Bank of New Hampshire
Total deposits inside market: $1.2 billion
Total deposits overall: $1.2 billion
New Hampshire’s largest independent bank also is its oldest. Founded in 1831, Bank of New Hampshire is headquartered in Laconia, N.H., and has locations throughout the state. It offers commercial and personal banking services, including checking, savings, CD and money market accounts, mortgages, consumer loans, retirement accounts and wealth management.
New Jersey: Investors Bank
Total deposits inside market: $14.2 billion
Total deposits overall: $16.4 billion
Based in New Jersey, Investors Bank has locations across the state and in New York. It offers a full range of personal, small business and commercial banking services and products, including checking and savings accounts, loans, insurance, investment and wealth-management services.
New Mexico: New Mexico Bank & Trust
Total deposits inside market: $1.2 billion
Total deposits overall: $1.2 billion
With headquarters in Albuquerque, New Mexico Bank & Trust has locations in central and northern New Mexico. Personal banking services and products include checking, savings, money market, CD and health savings accounts, IRAs, mortgages, consumer loans, insurance, investment and wealth-management services.
New York: Manufacturers and Traders Trust Company (M&T Bank)
Total deposits inside market: $47.3 billion
Total deposits overall: $95 billion
Founded in Buffalo, N.Y., this regional bank operates in New York, Connecticut, Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia and Washington, D.C. M&T Bank provides a broad range of banking products — from checking and savings accounts to mortgages and student loans to insurance and investments.
North Carolina: Bank of America
Total deposits inside market: $171.9 billion
Total deposits overall: $1.3 trillion
This national bank, based in Charlotte, N.C., operates in all 50 states. GOBankingRates named Bank of America an editors’ pick of the best banks of 2018 for its Cash Rewards credit card, which offers up to 3 percent cash back on select purchases.
North Dakota: Bell Bank
Total deposits inside market: $2.5 billion
Total deposits overall: $4 billion
North Dakota’s largest bank also is the largest independently owned bank in the upper Midwest. Bell Bank, headquartered in Fargo, N.D., has 19 branches in North Dakota and Minnesota. It offers traditional banking products — such as checking and savings accounts, mortgages and consumer loans — as well as investments, trusts, financial planning and farm management.
Ohio: U.S. Bank
Total deposits inside market: $62.4 billion
Total deposits overall: $329.5 billion
Headquartered in Minneapolis, U.S. Bank is the fifth-largest bank in America. It has more than 3,000 offices in 25 states. GOBankingRates named it one of the best national banks of 2018 for its customer service and diverse product line.
Oklahoma: BOK Financial
Total deposits inside market: $12 billion
Total deposits overall: $22.5 billion
Headquartered in Tulsa, Okla., BOK Financial has bank locations in eight states — Arizona, Arkansas, Colorado, Kansas, Missouri, New Mexico, Oklahoma and Texas — and also is a full-service brokerage firm. Its banking services operate under Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Oklahoma, Bank of Texas, Colorado State Bank and Trust, and Mobank.
Oregon: Umpqua Bank
Total deposits inside market: $7.8 billion
Total deposits overall: $19.6 billion
With its corporate headquarters in Portland, Ore., Umpqua Bank has locations in California, Idaho, Nevada, Oregon and Washington. This community bank provides a comprehensive range of products – from checking and savings accounts to loans to wealth management.
Pennsylvania: Citizens Bank of Pennsylvania
Total deposits inside market: $29.4 billion
Total deposits overall: $30.2 billion
Citizens Bank of Pennsylvania is part of the Citizens Financial Group, which is headquartered in Rhode Island. It offers personal and business checking and savings accounts, student lending, mortgages, personal loans, investments and wealth-management services.
Rhode Island: Citizens Bank, National Association
Total deposits inside market: $11.4 billion
Total deposits overall: $87.9 billion
Headquartered in Providence, R.I., Citizens Bank has branches in 11 states. It offers 24/7 customer service along with its broad range of banking products, wealth management, and retirement and investing services. It offers two interest-bearing checking accounts and one account with a maintenance fee that can be waived with direct deposit.
South Carolina: South State Bank
Total deposits inside market: $6.1 billion
Total deposits overall: $9.1 billion
Based in Columbia, S.C., South State Bank has locations in South Carolina, Georgia and North Carolina. It offers a full line of banking products, including checking and savings accounts, mortgages, consumer loans, business loans and wealth management.
South Dakota: Wells Fargo Bank
Total deposits inside market: $264.9 billion
Total deposits overall: $1.2 trillion
Headquartered in Sioux Falls, S.D., Wells Fargo has more than 6,000 locations across the United States, including 41 banks in South Dakota. GOBankingRates named Wells Fargo one of the 10 best national banks of 2018 because of the convenience of numerous locations.
Tennessee: First Tennessee Bank
Total deposits inside market: $21.3 billion
Total deposits overall: $22.6 billion
Based in Memphis, Tenn., First Tennessee Bank has a broad array of banking products, including checking and savings accounts, mortgages, consumer loans, insurance and investing services. All of its checking accounts have monthly maintenance fees, but you can avoid the charge if you meet certain requirements, such as setting up direct deposit or making a certain number of debit transactions.
Texas: USAA Federal Savings Bank
Total deposits inside market: $72 billion
Total deposits overall: $72 billion
USAA Federal Savings Bank, headquartered in San Antonio, serves military members and their families. It offers free checking, savings accounts, mortgages, consumer loans, a full range of insurance products, investments and retirement accounts.
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Utah: Ally Bank
Total deposits inside market: $86.3 billion
Total deposits overall: $86.3 billion
Ally Bank’s headquarters are in Utah, but it has no branches because it’s an online bank. For four years in a row, GOBankingRates has named Ally the best online bank for its no-fee checking, high savings and CD yields and excellent customer service.
Vermont: Northfield Savings Bank
Total deposits inside market: $681.7 million
Total deposits: $681.7 million
Vermont’s largest bank has 13 locations throughout the state. The Northfield Savings Bank lineup of products and services includes checking and savings accounts, CDs, IRAs, health savings accounts, home and personal loans, and investment services.
Virginia: Capital One Bank
Total deposits inside market: $66.2 billion
Total deposits overall: $66.2 billion
Headquartered in McLean, Va., Capital One is one of the nation’s largest banks, with branches in six states and the District of Columbia.
GOBankingRates named Capital One 360 Checking one of the 10 best checking accounts of 2018 because it doesn’t charge a monthly maintenance fee, has no minimum balance requirements, and offers a 0.20 percent APY.
Washington: Washington Federal
Total deposits inside market: $5.3 billion
Total deposits overall: $10.7 billion
Headquartered in Seattle, Washington Federal has locations throughout the state and in Arizona, Idaho, Nevada, New Mexico, Oregon, Texas and Utah. It offers traditional personal banking products — including checking and savings accounts, credit cards, IRAs and mortgages — as well as small business and commercial banking services.
West Virginia: United Bank
Total deposits inside market: $4.5 billion
Total deposits overall: $4.9 billion
With headquarters in Charleston, W.Va., and Washington, D.C., United Bank has locations throughout West Virginia and in Maryland, Ohio, Pennsylvania, Virginia and the nation’s capital. Its products and services include checking and savings accounts, CDs, IRAs, mortgages, personal and auto loans, insurance and investment services.
Wisconsin: Associated Bank
Total deposits inside market: $15 billion
Total deposits overall: $21.9 billion
Associated Bank, based in Green Bay, Wis., has locations throughout the state, in Illinois and in Minnesota. It offers checking and savings accounts, CDs, retirement accounts, mortgages, consumer loans, business loans and a range of insurance products.
Wyoming: Hilltop National Bank
Total deposits inside market: $644.5 million
Total deposits overall: $644.5 million
It is Wyoming’s largest bank, but Hilltop National Bank is the smallest on our list of biggest banks. It has just six offices in central Wyoming. It does offer free checking, savings accounts — including one for children — mortgages, consumer loans, business loans and wealth-management services.
Find the Biggest Bank in Your State
When choosing the best bank for your money, you might want to go with a big bank or small bank. Ultimately, it depends on your financial situation and the services you require.
Up Next: These Are the 30 Best Banks of 2018
Methodology: GOBankingRates used the Federal Deposit Insurance Corporation’s directory to find the largest bank by total deposits inside of market (deposits within the state). Banks must be headquartered in the state; bank headquarter locations are according to official listing in Federal Deposit Insurance Corporation’s latest Deposit Market Share Report, dated from June 30, 2017. Number of branches and total deposits overall (inside and outside the state) are for informational purposes and did not play a factor in the ranking. The number listed for each bank is according to the Federal Deposit Insurance Corporation and was found using each bank’s FDIC number. The number of branches banks list on their websites might differ from this number.
In four states — Illinois, Massachusetts, New York and Utah — the second-largest banks are listed because the largest provide investment and wealth-management services rather than traditional banking services.
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