+++ June 30 data, reflects pending mergers (Dollar amount in thousands)

part 1 of 2

Jun-98

Rank 1998

1 BankAmerica Corp., San Francisc $4,300,965

2 Chase Manhattan Corp., New York 3,898,341

3 Wells Fargo & Co., San Francisc 3,549,924

4 Bank One Corp., Chicago 3,332,076

5 Citigroup Inc., New York 2,612,441

6 Fleet Financial Group, Boston 1,336,782

7 Bank of New York Co. 1,286,850

8 Bankers Trust Corp. 1,016,500

9 First Union Corp., Charlotte, N 814,518

10 SunTrust Banks Inc. 802,616

11 Mellon Bank Corp., Pittsburgh, 782,672

12 U.S. Bancorp, Minneapolis, Minn 741,833

13 Bank of Tokyo Mitsubishi Ltd., 634,275

14 BankBoston Corp. 535,565

15 PNC Bank Corp., Pittsburgh, Pa. $520,408

16 ABN AMRO, Amsterdam, Netherland 500,256

17 Firstar Corp., Milwaukee, Wisc. 479,317

18 National City Corp., Cleveland, 441,739

19 Marine Midland Banks, Buffalo 429,836

20 Harris Trust & Savings Bank, Ch 386,132

21 Comerica, Detroit, Mich. 382,317

22 UMB Financial Corp., Kansas Cit 330,652

23 Cullen/Frost Bankers Inc. 328,920

24 First Tennessee National Corp., 306,603

25 Wachovia Corp., Winston-Salem, 303,436

Totals for the top 25 $30,054,974

part 2 of 2

Jun-98 Percent

Rank 1997 Change

1 BankAmerica Corp., San F $3,390,129 26.90%

2 Chase Manhattan Corp., N 3,132,530 24.5

3 Wells Fargo & Co., San F 3,436,425 3.3

4 Bank One Corp., Chicago 2,557,782 30.3

5 Citigroup Inc., New York 2,369,689 10.2

6 Fleet Financial Group, B 1,102,635 21.2

7 Bank of New York Co. 1,337,059 -3.8

8 Bankers Trust Corp. 811,500 25.3

9 First Union Corp., Charl 278,575 192.4

10 SunTrust Banks Inc. 661,973 21.3

11 Mellon Bank Corp., Pitts 657,658 19

12 U.S. Bancorp, Minneapoli 516,203 43.7

13 Bank of Tokyo Mitsubishi 542,242 17

14 BankBoston Corp. 590,930 -9.4

15 PNC Bank Corp., Pittsbur $478,736 8.70%

16 ABN AMRO, Amsterdam, Net 463,483 7.9

17 Firstar Corp., Milwaukee 381,293 25.7

18 National City Corp., Cle 478,268 -7.6

19 Marine Midland Banks, Bu 616,083 -30.2

20 Harris Trust & Savings B 381,079 1.3

21 Comerica, Detroit, Mich. 177,450 115.5

22 UMB Financial Corp., Kan 205,997 60.5

23 Cullen/Frost Bankers Inc 205,169 60.3

24 First Tennessee National 281,727 8.8

25 Wachovia Corp., Winston- 121,014 150.7

Totals for the $25,175,629 19.4%

Source: Sheshunoff Information Services Inc., Austin, Tex., from its data base of the federal regulatory Report of Condition filed by all FDIC- insured domestic commercial banks. In addition, Edge bank data were provided by Federal Reserve Board, Washington, D.C. Compiled by American Banker. Total correspondent balances are four quarter averages of demand deposits due to commercial banks in U.S.; demand deposits due to other depository institutions in the U.S.; demand deposits due to banks in foreign counties; demand deposits due to foreign government and official institutions; and June 30th clearing balances in Edge bank subsidiaries. Clearing balances are the sum of transactions due to banks in foreign countries. (1) NationsBank and BankAmerica merged on Oct. 1, taking the name BankAmerica Corp.(1a) NationsBank acquired Barnett Banks on Jan. 7. (2) Citicorp merged with Travelers on Oct. 8, taking the name Citigroup Inc. (3) Wells Fargo and Norwest merged on Nov. 2, taking the name Wells Fargo & Co. (4) Banc One and First Chicago NDB merged Oct. 1, taking the name Bank One Corp. Chicago. (4a) Banc One acquired First Commerce on June 12. (5) Deutche Bank on Nov. 23 announced plans to acquire Bankers Trust New York. (6) First Union acquired CoreStates Financial on April 28. (7) SunTrust Banks Inc. announced on July 20 intentions to acquire Crestar Financial Corp. (8) ABN Amro is the holding company for La Salle NB and European American Bank. (9) National City Corp. acquired First of America Bank on March 31. (10) StarBanc and Firstar Corp. merged on Nov. 20. (11) Wachovia Corp. acquired Central Fidelity Banks on Dec. 15, 1997. (12) Regions Financial acquired First Commercial Corp. of Little Rock, Ark., on July 31. (Z) The 1997 data shown here are higher or lower than reported last year because of changes in the inclusion criteria. n.a. not available. n.m. not meaningful. (f) More than 50% owned by a foreign bank. The data in today's American Banker cover only a portion of the information tabulated. Additional rankings can be found in Ranking the Banks and Ranking the Banks Update. A two-volume series published semi-annually. ===

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.