These are the most popular banks in each state for 2020

By Matthew Goldberg Matthew Goldberg’s Twitter profile

New technology may mean fewer reasons to go into a bank.

But even though simple transactions can be conducted online or using a mobile app, the number of branches in the U.S. has only seen a slight decline, according to Bankrate’s analysis of Federal Deposit Insurance Corp. (FDIC) data as of Sept. 10. This includes branches and main offices.

Wells Fargo is still the bank with the most branches in the U.S. In fact, about 6 percent of bank branches in America are Wells Fargo branches.

It has hundreds more branches than Chase and nearly a thousand more than Bank of America. Wells Fargo also has the most branches in nine states and Washington, D.C.

Here’s a look at the bank that has the most locations in each state, and the nation’s capital.

The data shows the 15 largest banks account for around 37 percent of all locations.

Overall, San Francisco-based Wells Fargo has about 5,400 full-service branches, according to the FDIC data analyzed by Bankrate.

JPMorgan Chase isn’t far behind with about 5,000 full-service branches nationwide. The bank headquartered in New York has the second most branches in the U.S., including the most in six states.

Overall, the number of Wells Fargo branches declined 2.86 percent from June 30, 2020 compared with a year earlier. Meanwhile, the total number of bank branches/offices in the U.S. declined around 1.6 percent over the same time period.

Noteworthy changes from 2019 

The merger of equals of BB&T and SunTrust to become Truist wasn’t completed until December 2019. So, Truist wasn’t included in last year’s Bankrate study.

BB&T had the most branches in North Carolina and Virginia in 2019, and retained both titles as Truist this year.

Here’s a look at banks that changed top ranks in certain states:

  • Truist replaced Wells Fargo in Florida.
  • Truist replaced Wells Fargo in Georgia.
  • Truist replaced PNC in Maryland.
  • Trustmark National Bank replaced Regions Bank in Mississippi.
  • TD Bank replaced Citizens Bank in New Hampshire.
  • Wells Fargo replaced PNC in New Jersey.
  • Bancfirst replaced Arvest Bank in Oklahoma.

Branches are slowly disappearing

Some experts predict bank branches are heading for extinction. Indeed, there has been a consistent net loss of locations operated by financial institutions for the last several years. Since there are fewer in-bank transactions, there are also fewer tellers.

New players in the space such as Ally Bank have sprung up without any physical locations for customers to transact. Other institutional players have spun out online-only subsidiaries such as Citizens Access, HSBC DirectInvestors eAccessMarcus by Goldman Sachs and Popular Direct from Popular Bank.

Online banking customers deposit checks by snapping a picture, get their cash at ATMs and open new accounts from their phone or computer. And without having to pay to operate physical locations, online banks are often able to offer higher interest rates and lower fees on deposit accounts than their traditional competitors.

“Banking online-only is certainly feasible most of the time for many consumers,” says Greg McBride, CFA, Bankrate chief financial analyst. “But the occasional need for a safe deposit box, a signature guarantee, a cashier’s check or just making a large cash deposit are a lot easier if you have access to a local branch.”

You can have accounts with both online-only and traditional financial institutions and easily transfer funds between the two, McBride says.

“Different consumers value different attributes. Aspects like a large branch network, a national or regional presence, broad product lineup, and convenience will carry different levels of importance depending on your individual needs and circumstances,” he says.

Wells Fargo and JPMorgan Chase operate the most bank branches in the U.S.

Wells Fargo still leads Chase for the most branches, even though it has around 159 fewer branches as of June 30, 2020, compared with a year earlier. But Chase’s total of branches only decreased by around 45 during that one year period.

“Branches continue to play an important role in the way we serve our customers, but as customer preferences change, so will our branches and the experiences customers have in them,” says a Wells Fargo spokesperson.

“We are expecting it [the pandemic] to accelerate branch consolidations,” says Brandon Larson, executive vice president at fintech firm Novantas.

Larson says there are a couple of factors going into that.

  • A down rate environment that puts more pressure on cost saving as banks try and find ways to reduce expenses.
  • Changing channel preferences: People are becoming more digital. That has been accelerated through COVID-19, but was going on well in advance of the pandemic as well.

“More consolidation is expected across the industry, for sure,” Larson says.

Larson says Novantas saw some people go from using technology a little bit to a lot.

“Some of the smaller banks did see increased adoptions of digital capabilities,” Larson says. “Larger banks had kind of mixed results on that front. But everybody saw increased utilization.”

Wells Fargo and JPMorgan are certainly trying to create seamless omnichannel experiences by balancing out their large brick-and-mortar presences with growing suites of digital offerings.

Wells Fargo is on pace to fall behind JPMorgan Chase Bank as the No. 1 operator of bank branches. Although both financial institutions consolidated their locations in recent years, Wells Fargo is shrinking at a faster pace than its closest competitor.

Chase has expanded its presence, according to FDIC data. As of June 30, 2019 the bank was in 29 states. A year later it’s in 39 states.

JPMorgan’s consumer and community banking serves roughly 63 million U.S. households, according to its 2019 annual report. Wells Fargo boasts serving one in three households in the United States.

Source: Bankrate analysis of Summary of Deposits data from FDIC.

Please follow and like us:
Digiqole ad

10 Reviews


91769 whitney westgate penthouse april usa 22340 anal asshole fever asswhore bbc black 213989 dillion carter strips naked in fresh 163907 naked milfs on fire in smashing 55205 ariel rebel blades of grass imgcola 65094 sarah simon takes two huge cocks 168735 leggy fit nude babe in kitchen 217768 anissa kate and jasmine jae hot 67946 extremely cool naked young interracial couple 8440 ren completed depraved awakening phillygames 164992 faye perfectly shaped blondie runaway 62831 nicky angel in hot 50558 yuna japanese shemale is back 39597 team skeet scent of a stepsister 35102 ama sikin beniii 193470 josie jagger sexy 951 sexwife amateur wife cuckold 72075 tyler and zane basball 22574 pornstar sister wives puma swede 207794 just some milfs i like imagens 61538 bugil montok ass 210463 applegate couple therapy 80193 pure mature better keep happy 126652 natalia starr shows sexy body 76371 exclusive veronica zemanova 57087 two amazing lesbians lika and alexandra 121661 busty ballerina fucked between her massive 61862 feet links foot fetish dreams 202360 melissa monet evie detalosso lesbian mentors 29331 various tattoo sugar


18146 masturbating with vibrator to orgasm on youpornx the largest 3676 sexy sailor daria glower shows her hot big tits get 2196 emily addison twistys nude 448 amateur lynne from the midlands in car 8215 sigrid merrci september 23707 solo teen glamor model shyla jennings porndoe 18148 naomi raine pantyhose blonde girl secretaries 19976 after some anal pounding this blonde gets stream of cum 25268 sweet petite teen gets dicked nicely 16424 gothic teen flashing her tits homemade shar 19537 young blonde girl with blue eyes reveals her pink bra and panties 8773 asian nude zyr pussy 10533 kindgirls pussy sandals 16796 makemodel sejin nude pussy 727 amateur bath whores voy 21888 pinksluts such pretty little pussy 18172 two sexy retro lesbians enjoy kissing 24355 aspen real life love dolls 7379 fabulous hairy pussy between her legs is what turns 11351 puffy nipple amateur shower from she devils 11831 mom and daughter joclyn stone jessica dalton cock 9220 sultry brunette asian babe beti with big tits spreading 18707 ftvgirls gina smooth teen pins pornpics vip 1534 albums with ariana aimes cecilia lion hot and mean 12733 curly babe for you 8217 bamvisions big tit anal milf savana 7118 amateur selfmade hardcore redhead teen you gonna like 1753 pawg and chubby pussy ass 12221 amateur baise en groupe group 21518 slave crystel lei pussy punishment in gyno and bizarre


114780 naughty blue angel 114974 naughty blonde with perfect body spreads 106612 zazie skymm sexy mike apartment 111750 sexy lesbian threesome blonde 109088 nubile films megan sage classic thong 119552 gorgeous blonde cherie deville blindfolded 34038 alejandra de guadalajara cogiendo morboamateurpics 149776 rachel adjani epic pov fuck 37103 ava taylor and biography at teen 27952 anna bell peaks a hot sexy 115562 hard loving teens dvd empire 111812 skinnyteenpics amour angels slim nude ballet 92992 save as baron 100550 pawel gawel on mules 110846 showing media posts for two lesbians 42902 genel bostanci escort kartal maltepe par 133872 missy maze gets fucked by hung 156961 foot fetish daily kick ass 37739 artist markydaysaid part 62870 sleeping numara jay loves surprises 70820 natalia starr in addicted to poon 117759 sexy young redhead at nightdreambabe 104015 vagina nackt spreizt ihre nackten teenager 52198 juliana leal transsexual 49865 pacific girls pussy close 150248 big boobs lady shows 53232 sex behairy model my hairy 49249 featuring anissa kate 71393 black african archived 90596 escort rosa hot girl in rome

Write a Review

Leave a Reply

Your email address will not be published. Required fields are marked *


Enjoy this blog? Please spread the word :)