Where's the money?
Position | Statewide |
Two North Carolina-based banks ranked among the top 10 in U.S. deposits on June 30. Deposits (billions) Market share 1 Bank of America $898.6 11.7% 2 Wells Fargo 750.4 9.8 3 JPMorgan Chase 652.7 8.5 4 Citigroup 310.5 4.0 5 PNC Financial Services Group 177.3 2.3 6 U.S. Bancorp 169.2 2.2 7 Toronto-Dominion Bank 137.4 1.8 8 SunTrust Banks 118.8 1.6 9 Capital One Financial 116.5 1.5 10 BB & T 104.6 1.4 Source: SNL Financial Four out-of-state banks rank among the top 10 in North Carolina deposits. Headquarters Market share 1 Bank of America Charlotte 27.7% 2 Wells Fargo Bank San Francisco 21.7 3 BB & T Winston-Salem 13.9 4 FirstCitizens Bank & Trust Raleigh 5.7 5 RBC Bank Toronto 4.3 6 SunTrust Bank Atlanta 3.6 7 First Bank Troy 1.2 8 Fifth Third Bank Cincinnati 1.2 9 Yadkin Valley Bank & Trust Elkin 0.9 10 Community One Bank Asheboro 0.8 Source: Federal Deposit Insurance Corp. North Carolina's reputation as a banking center has taken a hit in the past few years, but it's no banking colony. Though it lost Charlotte-I based Wachovia Corp. at the end of 2008, it still boasts two of the p nation's 10 largest banks, ranked by deposits--including the largest, Bank of...
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