The 15 largest banks in the United States (U.S.) hold a combined total of $13.6 trillion in assets as of March 31, 2023.

Every so often there are changes to this exclusive club. Larger banks trade places with one another and smaller banks drop out, replaced by faster-growing rivals. Mergers and acquisitions also might play a part in this.

Or a bank failure could cause consolidation, like on May 1 when JPMorgan Chase assumed all of First Republic Bank’s deposits and nearly all of its assets.

First Republic is the second-largest bank failure since Washington Mutual in 2008, which JPMorgan Chase also acquired.

Silicon Valley Bank was in the news for being the second-largest bank to fail in U.S. history and the first to fail since October 2020. It was the 16th largest bank in the U.S., based on total assets, as of Dec. 31, 2022, placing it just outside this list. Earlier in 2022, it was on this list as the 14th largest bank as of Sept. 30, 2022.

Source: Yahoo!