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.