Bank of America Corp., the biggest out-of-state with branches throughout Connecticut, remained the largest U.S. bank in the nation at the end of the first quarter based on assets and deposits, the Sacramento Business Journal reports, citing a survey by SNL Financial.
Charlotte, N.C.-based BofA, which had total assets of $2.32 trillion and deposits of $959 billion at the end of the quarter, also ranked first in the fourth quarter.
New York-based JPMorgan Chase & Co. ranked second on the list, with assets of nearly $2.2 trillion and deposits of $925.2 billion. Citigroup Inc., also of New York, was third with assets of $2 trillion and deposits of $827.9 billion. It is the largest bank in the Sacramento area, based on deposits of as of June 30, 2009.
Wells Fargo & Co., which operates the Wachovia and Wells Fargo Advisors network in Connecticut, stood at No. 4, with assets of $1.22 trillion and deposits of $804.9 billion. The San Francisco-based bank ranked also fourth at the end of the previous quarter. Wells Fargo is the Sacramento area’s third-largest bank by deposits.
