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In the third quarter of last year, the top five banks with the largest portfolios of commercial and industrial loans had more than $1.03 billion when combined — roughly 60% of the overall share of loans among the top 20 institutions.
The $156.4 billion-asset
The $211.3 billion-asset M&T Bank in Buffalo, New York, posted the largest year-over-year change, with a 9.9% jump from $31.3 million in the third quarter of 2023 to $34.5 million in the same period the following year.
Read on to learn more about the top 20 banks with the most C&I loans for Q3 2024.
| Rank | Company | City | State | 2024Q3 C&I loans ($000) | 2023Q3 C&I loans ($000) | YOY change (%) | 2024Q3 total loans & leases ($000) |
|---|---|---|---|---|---|---|---|
| 1 | Bank of America | Charlotte | NC | $335,078 | $321,335 | 4.3% | $1,129,466 |
| 2 | JP Morgan Chase | New York | NY | $211,220 | $202,990 | 4.1% | $1,393,281 |
| 3 | Wells Fargo | San Francisco | CA | $188,660 | $192,651 | -2.1% | $912,435 |
| 4 | Citibank | New York | NY | $165,587 | $163,092 | 1.5% | $705,048 |
| 5 | PNC Bank | Pittsburgh | PA | $129,041 | $126,361 | 2.1% | $322,150 |
| 6 | U.S. Bank | Minneapolis | MN | $97,951 | $99,846 | -1.9% | $377,375 |
| 7 | Truist Bank | Charlotte | NC | $74,522 | $84,353 | -11.7% | $304,362 |
| 8 | American Express | New York | NY | $66,312 | $62,155 | 6.7% | $202,050 |
| 9 | BMO | Chicago | IL | $48,402 | $49,385 | -2.0% | $148,192 |
| 10 | Capital One Bank | McLean | VA | $45,725 | $46,918 | -2.5% | $320,338 |
| 11 | Fifth Third Bank | Cincinnati | OH | $43,210 | $47,109 | -8.3% | $117,280 |
| 12 | KeyBank | Cleveland | OH | $41,866 | $45,234 | -7.4% | $106,676 |
| 13 | Goldman Sachs Group | New York | NY | $38,019 | $41,515 | -8.4% | $264,605 |
| 14 | Citizens Bank | Providence | RI | $37,785 | $42,127 | -10.3% | $142,563 |
| 15 | First Citizens Bank | Raleigh | NC | $37,624 | $37,579 | 0.1% | $138,760 |
| 16 | Huntington Bank | Columbus | OH | $36,407 | $34,390 | 5.9% | $127,042 |
| 17 | M&T Bank | Buffalo | NY | $34,448 | $31,338 | 9.9% | $136,017 |
| 18 | Ally | Detroit | MI | $32,925 | $31,758 | 3.7% | $137,807 |
| 19 | TD Bank | Cherry Hill | NJ | $31,363 | $31,941 | -1.8% | $202,517 |
| 20 | Regions Bank | Birmingham | AL | $30,854 | $32,577 | -5.3% | $97,305 |
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
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The fintech sponsor bank plans to offer digital asset services.
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