Top 100 Banking Companies in Market Capitalization (Q1 2000)

April 12, 2000, 10:08 a.m. EDT 1 Min Read

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Top 100 Banking Companies in Market Capitalization (Q1 2000)
(Dollar amounts in millions) Published April 12, 2000

Rank March 31, 2000	Rank Dec. 31, 1999	Company Name	Market Capitalization		Percent Change
Rank March 31, 2000	Rank Dec. 31, 1999	Company Name	3/31/2000	12/31/1999	Percent Change
1	1	Citigroup Inc., New York	$200,964	$187,760	7.03%
2	2	Bank of America Corp., Charlotte, N.C.	89,520	85,679	4.48
3	4	Chase Manhattan Corp., New York	71,910	64,075	12.23
4	3	Wells Fargo & Co., San Francisco	66,924	66,411	0.77
5	5	Bank One Corp., Chicago	39,424	36,700	7.42
6	6	First Union Corp., Charlotte, N.C.	36,793	32,534	13.09
7	7	FleetBoston Financial, Boston	32,952	31,873	3.39
8	8	Bank of New York Co.	30,607	29,456	3.91
9	13	Firstar Corp., Milwaukee	22,428	20,707	8.31
10	11	J.P. Morgan & Co., New York	21,482	21,924	-2.02
11	12	MBNA Corp., Wilmington, Del.	20,445	21,849	-6.43
12	9	Fifth Third Bancorp, Cincinnati, Ohio	19,487	22,403	-13.02
13	10	SunTrust Banks Inc., Atlanta	17,722	22,018	-19.51
14	14	U.S. Bancorp, Minneapolis	16,516	17,327	-4.68
15	20	State Street Corp., Boston	15,498	11,689	32.59
16	19	Northern Trust Corp., Chicago	15,039	11,797	27.48
17	15	Mellon Financial Corp., Pittsburgh	14,823	17,326	-14.45
18	17	Wachovia Corp., Winston-Salem, N.C.	13,698	13,786	-0.64
19	18	PNC Bank Corp., Pittsburgh	13,271	13,096	1.34
20	16	National City Corp., Cleveland	12,521	14,606	-14.27
21	22	BB&T Corp., Winston-Salem, N.C.	9,750	8,720	11.81
22	21	KeyCorp, Cleveland	8,499	9,897	-14.13
23	24	Comerica Inc., Detroit	6,549	7,301	-10.30
24	25	Marshall & Ilsley Corp., Milwaukee	6,151	6,690	-8.06
25	23	Amsouth Bancorp, Birmingham, Ala.	5,842	7,553	-22.65
26	29	Synovus Financial Corp., Columbus, Ga.	5,281	5,561	-5.04
27	30	Regions Financial Corp., Birmingham, Ala.	5,059	5,494	-7.92
28	31	Huntington Bancshares, Columbus, Ohio	5,046	5,486	-8.02
29	32	Summit Bancorp, Princeton, N.J.	4,590	5,322	-13.75
30	26	Unionbancal Corp., San Francisco (F)	4,538	6,493	-30.11
31	36	Charter One Financial Inc., Cleveland, Ohio	4,456	4,058	9.81
32	28	Union Planters Corp., Memphis	4,346	5,562	-21.86
33	27	SouthTrust Corp., Birmingham, Ala.	4,275	6,345	-32.62
34	35	Old Kent Financial Corp., Grand Rapids, Mich.	3,901	4,164	-6.32
35	33	Zions Bancorp, Salt Lake City, Utah	3,559	5,061	-29.68
36	58	U.S. Trust Corp., New York	3,533	1,497	136.01
37	39	M & T Bank Corp., Buffalo	3,513	3,227	8.86
38	43	North Fork Bancorp Inc., Melville, N.Y.	3,151	2,266	39.06
39	37	Popular Inc., San Juan, P.R.	3,014	3,793	-20.54
40	38	First Tennessee National Corp., Memphis	2,648	3,716	-28.74
41	34	First Security Corp., Salt Lake City, Utah	2,349	4,998	-53.00
42	40	Compass Bancshares, Birmingham, Ala.	2,266	2,536	-10.65
43	47	Commerce Bancshares, Kansas City, Mo.	2,114	2,127	-0.61
44	44	Mercantile Bankshares Corp., Baltimore	2,107	2,201	-4.27
45	41	National Commerce Bancorp., Memphis	2,002	2,456	-18.49
46	49	TCF Financial Corp., Minneapolis	1,975	2,063	-4.27
47	45	Associated Banc-Corp., Green Bay, Wis.	1,911	2,191	-12.78
48	46	First Virginia Banks Inc., Falls Church, Va.	1,885	2,137	-11.79
49	63	Centura Banks Inc., Rocky Mount, N.C.	1,815	1,239	46.49
50	50	CCB Financial Corp., Durham, N.C.	1,782	1,754	1.60
Rank March 31, 2000	Rank Dec. 31, 1999	Company Name	Market Capitalization		Percent Change
Rank March 31, 2000	Rank Dec. 31, 1999	Company Name	3/31/2000	12/31/1999	Percent Change
51	51	Hibernia Corp., New Orleans	$1,683	$1,703	-1.17%
52	56	Provident Financial Group, Cincinnati	1,654	1,531	8.03
53	48	Firstmerit Corp., Akron, Ohio	1,630	2,065	-21.07
54	57	Pacific Century Financial Corp., Honolulu	1,618	1,499	7.94
55	67	Silicon Valley Bancshares, Santa Clara, Calif.	1,605	1,105	45.25
56	52	Valley National Bancorp, Wayne, N.J.	1,587	1,692	-6.21
57	54	Wilmington Trust Corp., Del.	1,583	1,572	0.70
58	60	Old National Bancorp, Evansville, Ind.	1,548	1,479	4.67
59	59	City National Corp., Beverly Hills, Calif.	1,530	1,495	2.34
60	42	BancWest Corp., Honolulu	1,440	2,429	-40.72
61	64	Fulton Financial Corp., Lancaster, Pa.	1,436	1,236	16.18
62	55	Trustmark Corp., Jackson, Miss.	1,406	1,540	-8.70
63	61	Cullen/Frost Bankers Inc., San Antonio	1,404	1,367	2.71
64	73	Imperial Bancorp, Inglewood, Calif.	1,391	1,002	38.82
65	53	Sky Financial Group, Bowling Green, Ohio	1,264	1,572	-19.59
66	65	Colonial Banc Group Inc., Montgomery, Ala.	1,203	1,161	3.62
67	71	One Valley Bancorp Inc., Charleston, W.Va.	1,156	1,023	13.00
68	79	National Bancorp of Alaska, Anchorage	1,141	848	34.55
69	75	Hudson United Bancorp, Mahwah, N.J.	1,096	993	10.37
70	66	Commerce Bancorp Inc., Cherry Hill, N.J.	1,090	1,134	-3.88
71	69	WestAmerica Bancorp, San Rafael, Calif.	1,044	1,051	-0.67
72	68	First Midwest Bancorp, Itasca, Ill.	997	1,088	-8.36
73	72	United Bankshares Inc., Charleston, W.Va.	940	1,020	-7.84
74	78	BancorpSouth Inc., Tupelo, Miss.	936	933	0.32
75	93	Citizens Banking Corp., Flint, Mich.	931	595	56.47
76	76	BOK Financial Corp., Tulsa, Okla.	907	990	-8.38
77	70	Keystone Financial Inc., Harrisburg, Pa.	895	1,026	-12.77
78	77	Park National Corp., Newark, Ohio	857	934	-8.24
79	74	First Financial Bancorp, Hamilton, Ohio	844	1,002	-15.77
80	80	Chittenden Corp., Burlington, Vt.	842	840	0.03
81	83	Community First Bankshares, Fargo, N.D.	799	787	1.52
82	82	UMB Financial Corp., Kansas City, Mo.	793	815	-2.70
83	81	Whitney Holding Corp., New Orleans	737	837	-11.95
84	84	International Bancshares Corp., Laredo, Tex.	698	763	-8.52
85	88	Trustco Bank N.Y. Co., Schenectady	626	710	-11.83
86	92	BankNorth Group Inc., Burlington, Vt.	626	624	0.32
87	85	Pacific Capital Bancorp, Santa Barbara, Calif.	595	754	-21.09
88	96	Southwest Bancorp, Houston	535	554	-3.43
89	95	Susquehanna Bancshares Inc., Lititz, Pa.	511	587	-12.95
90	90	F&M National Corp., Winchester, Va.	506	633	-20.06
91	89	Amcore Financial Inc., Rockford, Ill.	505	678	-25.52
92	87	First Citizens Bancshares Inc., Raleigh, N.C.	503	741	-32.12
93	86	First Commonwealth Financial Corp., Indiana, Pa.	502	744	-32.53
94	91	S&T Bancorp, Indiana, Pa.	464	625	-25.76
95	97	Rebublic Bancorp, Owosso, Mich.	424	551	-23.05
96	NR	Cathay Bancorp Inc., Los Angeles	416	371	12.13
97	NR	Provident Bankshares Corp., Baltimore	402	442	-9.05
98	NR	W Holding Co., Mayaguez, P.R.	401	433	-7.39
99	98	Greater Bay Bancorp, Palo Alto, Calif.	393	526	-25.29
100	99	WesBanco Inc., Wheeling, W.Va.	386	519	-25.63
Totals for the Top 100 Banking Companies in Market Capitalization ($ in millions)			$938,411	$925,543	1.39%

Source: American Banker, a Thomson Financial company, ILX Systems, Inc., a Thomson Financial company. Prior period rankings have not been restated for mergers. Total Shares Outstanding are calculated as of March 31, for the Nasdaq, New York Stock Exchange and American Stock Exchange. Split adjusted through March 31, 2000. Quarter percent change is based on Stock price from 12/31/99 and 3/31/00. Market Capitalization is calculated by multiplying the total shares outstanding by the end of the fourth quarter stock price. N.R.- not ranked in American Banker's Top 100 as of December 31, 1999. (F) more than 50% controlled by foreign institution. Historical Reference: 2000: Jan. 13; 1999: Jan. 11, Apr. 12, July 15, Oct. 4; 1998: Jan. 12, Apr. 13, July 16, Oct. 13; 1997: Jan. 17, Apr. 11, July 17, Oct. 16. 1996: Jan. 12, Apr. 12, July 11, Oct. 15; 1995: Jan. 9, July 18.
© 2000 American Banker