{"id":15830,"date":"2023-05-30T16:50:01","date_gmt":"2023-05-30T20:50:01","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/largest-bank-in-every-state-of-2023\/"},"modified":"2023-05-30T16:50:02","modified_gmt":"2023-05-30T20:50:02","slug":"largest-bank-in-every-state-of-2023","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=15830","title":{"rendered":"Largest Bank In Every State Of 2023"},"content":{"rendered":"<div>\n<p>The year 2023 has been a tough one on the banking sector. First, Silicon Valley Bank failed in March 2023, only to be followed in due course by Signature Bank<fbs-ticker data-name=\"SBNY\" data-href=\"https:\/\/www.forbes.com\/companies\/signature-bank\" data-type=\"stock\"><br \/>\n  SBNY<br \/>\n <\/fbs-ticker> and the seizure of First Republic Bank<fbs-ticker data-name=\"FRC\" data-href=\"https:\/\/www.forbes.com\/companies\/first-republic-bank\" data-type=\"stock\"><br \/>\n  FRC<br \/>\n <\/fbs-ticker> in May 2023. For the majority of depositors, whose deposits are typically less than $250,000, their money is insured by the FDIC, so these bank failures didn\u2019t wipe them out completely. But for those depositors who did have amounts in these banks of more than $250,000, their collapse has been devastating.<\/p>\n<p>Although these banks had large amounts in deposits, they do not rank among the biggest banks in the United States. In order to identify the largest banks in the U.S., we sourced data from the FDIC to zero-in on the bank in each state that has the greatest amount in deposits from \u201cinside of market,\u201d meaning, inside the state.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Largest Bank in Every State of 2023<\/h2>\n<p>Not surprisingly, some of the bigger, well-known names like Wells Fargo<fbs-ticker data-name=\"WFC\" data-href=\"https:\/\/www.forbes.com\/companies\/wells-fargo\" data-type=\"stock\"><br \/>\n  WFC<br \/>\n <\/fbs-ticker>, Chase, or Bank of America<fbs-ticker data-name=\"BAC\" data-href=\"https:\/\/www.forbes.com\/companies\/bank-of-america\" data-type=\"stock\"><br \/>\n  BAC<br \/>\n <\/fbs-ticker> rank as the No. 1 biggest bank in the state. But many other states sometimes have unique and lesser-known banks as their largest.<\/p>\n<p>The bank that proved to be the biggest bank in the most states was Bank of America, with 11 states. Wells Fargo was the largest bank in seven states, followed by Chase Bank in six states. In New England, TD Bank was very prominent, being the largest bank in Maine and New Hampshire. In the Midwest, U.S. Bank was one of the most dominant banks, being the biggest bank in Minnesota, Ohio, and Wisconsin.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>In terms of market share inside the state, Citibank claims 62% of the market share in South Dakota, the highest rate of all 50 states plus D.C. However, it should be noted that South Dakota is also the headquarters of Citibank, which heavily tilted the market share in its favor. In Alaska, Wells Fargo accounts for 44.2% of the market. And the third greatest market share was in Rhode Island, where Citizens Bank takes up 39% of the market.<\/p>\n<p>Read on to find out the biggest bank in every U.S. state.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Alabama<\/h2>\n<p><strong>Largest bank in Alabama<\/strong>: Regions Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $32,590,079,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Alaska<\/h2>\n<p><strong>Largest bank in Alaska<\/strong>: Wells Fargo<\/p>\n<p><strong>Deposits inside market<\/strong>: $7,536,026,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Arizona<\/h2>\n<p><strong>Largest bank in Arizona<\/strong>: Chase Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $58,239,182,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Arkansas<\/h2>\n<p><strong>Largest bank in Arkansas<\/strong>: Arvest Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $13,803,860,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">California<\/h2>\n<p><strong>Largest bank in California<\/strong>: Bank of America<\/p>\n<p><strong>Deposits inside market<\/strong>: $451,257,611,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Colorado<\/h2>\n<p><strong>Largest bank in Colorado<\/strong>: Wells Fargo<\/p>\n<p><strong>Deposits inside market<\/strong>: $41,808,963,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Connecticut<\/h2>\n<p><strong>Largest bank in Colorado<\/strong>: Bank of America<\/p>\n<p><strong>Deposits inside market<\/strong>: $44,720,763,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Delaware<\/h2>\n<p><strong>Largest bank in Delaware<\/strong>: Capital One<fbs-ticker data-name=\"COF\" data-href=\"https:\/\/www.forbes.com\/companies\/capital-one\" data-type=\"stock\"><br \/>\n  COF<br \/>\n <\/fbs-ticker><\/p>\n<p><strong>Deposits inside market<\/strong>: $176,840,773,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">District of Columbia<\/h2>\n<p><strong>Largest bank in D.C.<\/strong>: Bank of America<\/p>\n<p><strong>Deposits inside market<\/strong>: $16,255,281,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Florida<\/h2>\n<p><strong>Largest bank in Florida<\/strong>: Bank of America<\/p>\n<p><strong>Deposits inside market<\/strong>: $181,870,060,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Georgia<\/h2>\n<p><strong>Largest bank in Georgia<\/strong>: Truist Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $69,989,862,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Hawaii<\/h2>\n<p><strong>Largest bank in Hawaii<\/strong>: First Hawaiian Bank<fbs-ticker data-name=\"FHB\" data-href=\"https:\/\/www.forbes.com\/companies\/first-hawaiian-bank\" data-type=\"stock\"><br \/>\n  FHB<br \/>\n <\/fbs-ticker><\/p>\n<p><strong>Deposits inside market<\/strong>: $21,035,324,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Idaho<\/h2>\n<p><strong>Largest bank in Idaho<\/strong>: Wells Fargo<\/p>\n<p><strong>Deposits inside market<\/strong>: $7,830,911,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Illinois<\/h2>\n<p><strong>Largest bank in Illinois<\/strong>: Chase Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $139,242,326,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Indiana<\/h2>\n<p><strong>Largest bank in Indiana<\/strong>: Chase Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $30,099,728,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Iowa<\/h2>\n<p><strong>Largest bank in Iowa<\/strong>: Wells Fargo<\/p>\n<p><strong>Deposits inside market<\/strong>: $8,911,513,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Kansas<\/h2>\n<p><strong>Largest bank in Kansas<\/strong>: Bank of America<\/p>\n<p><strong>Deposits inside market<\/strong>: $6,964,205,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Kentucky<\/h2>\n<p><strong>Largest bank in Kentucky<\/strong>: PNC Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $12,654,364,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Louisiana<\/h2>\n<p><strong>Largest bank in Louisiana<\/strong>: Chase Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $25,583,103,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Maine<\/h2>\n<p><strong>Largest bank in Maine<\/strong>: TD Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $5,703,094,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Maryland<\/h2>\n<p><strong>Largest bank in Maryland<\/strong>: Bank of America<\/p>\n<p><strong>Deposits inside market<\/strong>: $46,611,103,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Massachusetts<\/h2>\n<p><strong>Largest bank in Massachusetts<\/strong>: State Street<fbs-ticker data-name=\"STT\" data-href=\"https:\/\/www.forbes.com\/companies\/state-street\" data-type=\"stock\"><br \/>\n  STT<br \/>\n <\/fbs-ticker> Bank and Trust<\/p>\n<p><strong>Deposits inside market<\/strong>: $166,578,000,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Michigan<\/h2>\n<p><strong>Largest bank in Michigan<\/strong>: Chase Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $74,899,526,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Minnesota<\/h2>\n<p><strong>Largest bank in Minnesota<\/strong>: U.S. Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $90,879,982,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Mississippi<\/h2>\n<p><strong>Largest bank in Mississippi<\/strong>: Regions Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $9,935,210,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Missouri<\/h2>\n<p><strong>Largest bank in Missouri<\/strong>: Bank of America<\/p>\n<p><strong>Deposits inside market<\/strong>: $24,236,417,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Montana<\/h2>\n<p><strong>Largest bank in Montana<\/strong>: Glacier Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $7,706,307,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Nebraska<\/h2>\n<p><strong>Largest bank in Nebraska<\/strong>: First National Bank of Omaha<\/p>\n<p><strong>Deposits inside market<\/strong>: $14,446,191,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Nevada<\/h2>\n<p><strong>Largest bank in Nevada<\/strong>: Wells Fargo<\/p>\n<p><strong>Deposits inside market<\/strong>: $26,691,546,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">New Hampshire<\/h2>\n<p><strong>Largest bank in New Hampshire<\/strong>: TD Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $12,185,268,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">New Mexico<\/h2>\n<p><strong>Largest bank in New Jersey<\/strong>: Wells Fargo<\/p>\n<p><strong>Deposits inside market<\/strong>: $11,400,660,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">New Jersey<\/h2>\n<p><strong>Largest bank in New Jersey<\/strong>: Bank of America<\/p>\n<p><strong>Deposits inside market<\/strong>: $79,650,717,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">New York<\/h2>\n<p><strong>Largest bank in New York<\/strong>: Chase Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $846,566,598,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">North Carolina<\/h2>\n<p><strong>Largest bank in North Carolina<\/strong>: Bank of America<\/p>\n<p><strong>Deposits inside market<\/strong>: $212,309,529,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">North Dakota<\/h2>\n<p><strong>Largest bank in North Dakota<\/strong>: First International Bank &amp; Trust<\/p>\n<p><strong>Deposits inside market<\/strong>: $3,819,814,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Ohio<\/h2>\n<p><strong>Largest bank in Ohio<\/strong>: U.S. Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $95,057,465,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Oklahoma<\/h2>\n<p><strong>Largest bank in Oklahoma<\/strong>: BOK Financial<\/p>\n<p><strong>Deposits inside market<\/strong>: $17,253,030,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Oregon<\/h2>\n<p><strong>Largest bank in Oregon<\/strong>: U.S. Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $23,408,094,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Pennsylvania<\/h2>\n<p><strong>Largest bank in Pennsylvania<\/strong>: PNC Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $142,513,028,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Rhode Island<\/h2>\n<p><strong>Largest bank in Rhode Island<\/strong>: Citizens Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $17,282,575,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">South Carolina<\/h2>\n<p><strong>Largest bank in South Carolina<\/strong>: Wells Fargo<\/p>\n<p><strong>Deposits inside market<\/strong>: $20,626,031,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">South Dakota<\/h2>\n<p><strong>Largest bank in South Dakota<\/strong>: Citibank<\/p>\n<p><strong>Deposits inside market<\/strong>: $443,818,000,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Tennessee<\/h2>\n<p><strong>Largest bank in Tennessee<\/strong>: First Horizon Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $31,494,241,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Texas<\/h2>\n<p><strong>Largest bank in Texas<\/strong>: Charles Schwab<fbs-ticker data-name=\"SCHW\" data-href=\"https:\/\/www.forbes.com\/companies\/charles-schwab\" data-type=\"stock\"><br \/>\n  SCHW<br \/>\n <\/fbs-ticker> Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $389,489,000,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Utah<\/h2>\n<p><strong>Largest bank in Utah<\/strong>: Morgan Stanley<fbs-ticker data-name=\"MS\" data-href=\"https:\/\/www.forbes.com\/companies\/morgan-stanley\" data-type=\"stock\"><br \/>\n  MS<br \/>\n <\/fbs-ticker> Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $169,572,000,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Vermont<\/h2>\n<p><strong>Largest bank in Vermont<\/strong>: M&amp;T Bank<fbs-ticker data-name=\"MTB\" data-href=\"https:\/\/www.forbes.com\/companies\/mt-bank\" data-type=\"stock\"><br \/>\n  MTB<br \/>\n <\/fbs-ticker><\/p>\n<p><strong>Deposits inside market<\/strong>: $4,660,924,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Virginia<\/h2>\n<p><strong>Largest bank in Virginia<\/strong>: Capital One<\/p>\n<p><strong>Deposits inside market<\/strong>: $85,062,845,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Washington<\/h2>\n<p><strong>Largest bank in Washington<\/strong>: Bank of America<\/p>\n<p><strong>Deposits inside market<\/strong>: $49,477,796,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">West Virginia<\/h2>\n<p><strong>Largest bank in West Virginia<\/strong>: Truist Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $6,631,433,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Wisconsin<\/h2>\n<p><strong>Largest bank in Wisconsin<\/strong>: U.S. Bank<\/p>\n<p><strong>Deposits inside market<\/strong>: $43,453,725,000<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Wyoming<\/h2>\n<p><strong>Largest bank in Wyoming<\/strong>: First Interstate Bank<fbs-ticker data-name=\"FIBK\" data-href=\"https:\/\/www.forbes.com\/companies\/first-interstate-bank\" data-type=\"stock\"><br \/>\n  FIBK<br \/>\n <\/fbs-ticker><\/p>\n<p><strong>Deposits inside market<\/strong>: $3,130,808,000<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/andrewdepietro\/2023\/05\/30\/largest-bank-in-every-state-of-2023\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The year 2023 has been a tough one on the banking sector. First, Silicon Valley Bank failed in March 2023, only to be followed in due course by Signature Bank SBNY and the seizure of First Republic Bank FRC in May 2023. For the majority of depositors, whose deposits are typically less than $250,000, their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-15830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Largest Bank In Every State Of 2023 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The year 2023 has been a tough one on the banking sector. 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