November 9, 2011 (Reno, NV) by Lane Guide --
Ever wonder why they don’t put the bank names on the side of the branch with stick-on letters? It would be so much easier change the bank names each month. You might be interested to learn how the BIGGEST banks got so big, by swallowing up smaller ones, of course.
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| In the tank with the mega banks |
The chart below to see how these largest mega-banks have by purchase, government actions, succession or serendipity have ended up, swallowing up, so many local and regional banking institutions. Thousands upon thousands of small communities have lost their local bank to the conglomeration.
“The Big Banking Fish”
J.P. Morgan Chase | 2239 Institutions acquired |
Wells Fargo Bank | 2219 Institutions acquired |
Bank of America | 1488 Institutions acquired |
Regions Bank | 1015 Institutions acquired |
U.S. Bank | 1011 Institutions acquired |
PNC Bank | 885 Institutions acquired |
Branch Banking & Trust (BBT) | 709 Institutions acquired |
BMO Harris Bank | 490 Institutions acquired |
Keybank | 487 Institutions acquired |
Data source: Lane Guide | |
Special Mention: Federal Deposit Insurance Corp. with 1454 institutions in which they took over without a successor, closed or held certain assets (e.g., loans) of.
