The FDIC reported that for the third consecutive year, JPMorgan Chase led the U.S. in deposit growth as customers added $51 billion to their bank accounts — nearly twice as much as any other bank.
JPMorgan Chase’s U.S. deposits grew to $1.1 trillion in the 12 months ending June 30, 2015, according to FDCI data released this week.
During the last five years, the bank added $478 billion in deposits – more than any other institution.
“More customers are calling Chase their primary bank as we’ve given them what they want – digital options for everyday transactions, and more advisors in our branches to help them plan for the future,” said Barry Sommers, CEO of Chase Consumer Banking.
The bank ranked #1 in deposits in three of its five largest retail markets including:
- New York-NJ: $494 billion
- Chicago: $87 billion
- Houston: $84 billion
- Dallas-Fort Worth: $49 billion
- Los Angeles: $47 billion
The bank also ranked #1 in a number of other major markets in the survey:
- Detroit-Warren-Dearborn, Michigan: $32.4 billion
- Phoenix-Mesa-Scottsdale, Arizona: $21.2 billion
- Indianapolis-Carmel-Anderson, Indiana: $10.3 billion
- Baton Rouge, Louisiana: $7.2 billion