The Largest U.S. Banks in 2022, and How Many Have Failed So Far in 2023

Bank bailouts have always been a contentious topic – the recent government rescue of Silicon Valley Bank and Signature Bank has added more fuel to the fire. Signature Bank had 40 branches and over $110 billion in assets at the end of 2022. The sudden collapse of Silicon Valley Bank spooked Signature Bank customers into withdrawing over $10 billion, quickly leading to the third-largest bank failure in U.S. history. When Signature Bank failed on March 12th, 2023, it was the 29th largest bank in the United States. What happens if and when even larger banks fail? If a bank worth $110 billion is only the 29th largest bank in America, just how massively wealthy are the biggest banks? The team at Wyoming Trust & LLC Attorney has created this eye-opening visualization of the 30 largest banks in the United States ranked by total assets.

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The largest bank in America is Chase Bank with total assets of over $3.2 trillion! To put that into perspective, that is nearly 30 times more than Signature Bank’s $110 billion. That amount of money is nearly impossible to comprehend. It is more than the total private wealth held by New York City Residents, which is around $3 trillion. That is more than most major G-20 countries (including India, England, France, Italy, Canada, South Korea, Russia, and more)! It is half of the net worth of all Californians, which is over $6 trillion. It would take just seven Chase Banks to equal the GDP of the entire United States, which is around $23.3 trillion. It makes you wonder what would happen if such mighty financial behemoths ever failed.