Banking and Financial Institutions
With combined assets totaling more than $500 billion, four of the nation’s largest 50 bank holding company headquarters are located within the District.
Assets of Major Bank Holding Companies
| Company |
City
|
Assets (billions of dollars) |
|---|---|---|
| PNC Financial Services Group | Pittsburgh, PA |
263.2 |
| Fifth Third Bancorp | Cincinnati, OH |
108.5 |
| Keycorp | Cleveland, OH |
84.7 |
| Huntington Bancshares | Columbus, OH |
52.7 |
Note: Defined by the FDIC as the 50 largest USA bank holding companies.
A larger share of state banking assets are located outside the major metropolitan areas in Kentucky and West Virginia, a reflection of the relatively rural character of each state. By contrast, Ohio’s top three banking markets contain about 65 percent of the state’s banking assets.
Distribution of Bank Assets in Fourth District States
| Metropolitan Area |
Number of Banks
|
Fourth District Banking Assets (percent) |
|---|---|---|
| Total |
294
|
$412.8
|
| Cincinnati |
23
|
28.8
|
| Cleveland |
13
|
21.3
|
| Columbus | 20 |
15.2 |
| Pittsburgh | 26 |
9.2 |
| Akron | 6 |
3.6 |
| Lexington | 11 |
1.6 |
| Other |
196
|
20.3
|
Source: FDIC Call Report.