BizAims

      NL Financial's list ranks the largest U.S. banks and thrifts by assets. The following list gives the current ranking, the bank or thrift's name, its previous ranking, its headquarters, its total assets (in billions) and its total deposits (in billions).

      1.  Bank of America Corp., 1, Charlotte, N.C., $2,343.9, $956.5

Bank of America Corporation, banking and financial services corporation formed through NationsBank’s acquisition of BankAmerica in 1998. One of the largest banking organizations in the United States, Bank of America is headquartered in Charlotte, North Carolina.

The bank’s history dates to 1904 when Amadeo Peter Giannini opened the Bank of Italy in San Francisco. It eventually developed into the Bank of America and was for a time owned by Giannini’s holding company, Transamerica Corporation. It issued the first bank credit card, BankAmeriCard, in 1958.

2.      JPMorgan Chase & Co., 2, New York, $2,031.0, $887.8

JPMorgan Chase & Co. is one of the oldest, largest and best-known financial institutions in the world. The firm's legacy dates back to 1799 when its earliest predecessor was chartered in New York City.

Our firm is built on the foundation of more than 1200 predecessor institutions. Its major heritage firms — J.P. Morgan, Chase Manhattan, Chemical, Manufacturers Hanover (in New York City) and Bank One, First Chicago, and National Bank of Detroit (in the Midwest) were each closely tied, in their time, to innovations in finance and the growth of the United States and global economies. As JPMorgan Chase & Co does today, these firms also made significant contributions to their local communities.

3.      Citigroup Inc., 3, New York, $1,937.7, $814.0

Citigroup had a history of steady dividend payout increases. From an annual dividend of 48 cents per share in 2000, the distribution rate had increased to 54 cents per quarter or $2.16 per year in 2007. In 2007, Citi earned about 90 cents per share per quarter to support the dividend payout. A loss of $1.99 per share in the fourth quarter signaled the extent of the company's financial problems.

Losses relating to the financial crisis and sub-prime debt forced Citi to reduce the quarterly dividend to 32 cents starting in the first quarter of 2008. The company cut the dividend in half to 16 cents for the fourth quarter of 2008. In 2009, Citi paid only a single quarterly dividend: 10 cents in the first quarter.

In February 2009, Citigroup suspended the payments of dividends on both the company's common and preferred classes of shares. Through the second quarter of 2010, dividend payments on the common shares had not resumed. Citi earned just 9 cents per share in the second quarter of 2010.

4.      Wells Fargo & Co., 4, San Francisco, $1,225.9, $815.6

5.      HSBC North America Holdings Inc., 5, New York, $334, $116.7

6.      U.S. Bancorp, 6, Minneapolis, $283.2, $183.1

7.      PNC Financial Services Group Inc., 7, Pittsburgh, $259.9, $178.7

8.      Bank of New York Mellon Corp., 8, New York, $237.5, $143.7

9.      Capital One Financial Corp., 9, McLean, Va., $197.5, $117.3

10.  SunTrust Banks Inc., 10, Atlanta, $170.7, $118.7

11.  TD Bank US Holding Co., 11, Portland, Maine,$170.7, $137.6

12.  State Street Corp., 13, Boston, $162.1, $95.7

13.  BB&T Corp., 12, Winston-Salem, N.C., $155.1, $104.5

14.  Citizens Financial Group Inc., 14, Providence, R.I., $140.0, $93.9

15.  Regions Financial Corp., 15, Birmingham, Ala., $135.3, $96.3

16.  Fifth Third Bancorp, 16, Cincinnati, $112.0, $82.1

17.  KeyCorp, 17, Cleveland, $94.2, $62.4

18.  ING Bank FSB, 18, Wilmington, Del., $90.0, $77.4

19.  UnionBanCal Corp., 19, San Francisco, $84.3, $66.3

20.  Santander Holdings USA Inc. 20, Boston, $83.1, $41.4

21.  Northern Trust Corp., 21, Chicago, $80.0, $58.0

22.  BancWest Corp., 22, San Francsico, $75.3, $46.8

23.  M&T Bank Corp., 23, Buffalo, N.Y., $68.2, $47.5

24.  Harris Financial Corp., 24, Wilmington, Del., $65.2, $31.9

25.  BBVA USA Bancshares Inc., 25, Houston, $65.1, $46.1

26.  Discover Financial Services, 26, Riverwoods, Ill., $62.2, $35.0

27.  Hudson City Bancorp Inc., 27, Paramus, N.J., $60.9, $25.2

28.  Comerica Inc., 28, Dallas, $55.9, $39.8

29.  Marshall & Ilsley Corp., 29, Milwaukee, $53.9, $39.6

30.  Zions BanCorp., 31, Salt Lake City, $52.1, $42.0

31.  Huntington Bancshares Inc., 30, Columbus, Ohio, $51.8, $39.8

32.  Charles Schwab Bank, 32, Reno, Nev., $49.8, $45.9

33.  Popular Inc., 34, Hato Rey, Puerto Rico, $42.4, $27.1

34.  E-Trade Bank, 33, Arlington, Va., $42.4, $28.0

35.  New York Community Bancorp Inc., 35, Westbury, N.Y., $42.0, $22.4

36.  USAA FSB, 36, San Antonio, Texas, $41.7, $37.3

37.  Synovus Financial Corp., Columbus, Ga., $32.4, $26.3

38.  First Niagara Financial Group Inc., 46, Buffalo, N.Y., $29.2, $18.9

39.  OneWest Bank FSB, 38, Pasadena, Calif., $28.0, $14.7

40.  RBC BanCorp., 39, Raleigh, N.C., $26.5, $19.3

41.  First Horizon National Corp., 40, Memphis, Tenn., $26.3, $15.2

42.  BOK Financial Corp., 41, Tulsa, Okla., $23.7, $16.1

43.  Associated Banc-Corp, Green Bay, Wisc., $22.8, $17.0

44.  People's United Financial Inc., Bridgeport, Conn., $22.0, $15.8

45.  City National Corp., 47, Los Angeles, $21.2, $18.0

46.  First Citizens BancShares Inc., 44, Raleigh, N.C., $21.1, $17.8

47.  East West Bancorp Inc., 45, Pasadena, Calif., $20.0, $14.9

48.  Astoria Financial Corp., 48, Lake Success, N.Y., $19.7, $12.2

49.  GE Money Bank, 50, Draper, Utah, $19.2, $12.3

50.  Commerce Bancshares Inc., no ranking, Kansas City, Mo., $18.4, $14.5