Once upon a time, it was common to walk into the local bank, sit down with a loan officer, and work out the details of your next mortgage. These days, the finance industry has changed drastically, with online services like the ones that follow gaining ground at the expense of traditional brick-and-mortar institutions. Although it’s difficult to say whether this shift will be permanent, there’s no doubt that it’s making an impact on the lives of people across the United States right now. Here are 10 of the most trusted finance companies in America today.
Top 10 Finance trusted company for you
1.Bank of America
In recent years, Bank of America has re-established itself as one of America’s largest and most profitable banks. The bank was founded in 1904 as Bank of Italy and adopted its current name, Bank of America, when it merged with Nation Bank (formerly North Carolina National Bank) during 1991. Today, it boasts more than $2 trillion in assets more than any other U.S.-based financial institutionand a presence in all 50 states, plus Puerto Rico and Canada. In 2014 alone, Bank of America paid $16 billion to help settle several major lawsuits against it for shady banking practices during 2011-2013 that involved cheating homeowners out of their homes through fraudulent mortgage practices.
2.JPMorgan Chase
This bank is based out of New York and is a relative newcomer to financial services, having only started lending money in 2004. Since then, it has established itself as one of America’s largest banks by market capitalization. It was founded in 1799 as Bank One and had its current name since 2000. As of 2017, it is ranked 34th on Forbes' list of most trusted companies. It is also on Glassdoor's top 50 best places to work at multiple years running.
3.Wells Fargo
Founded in 1852, Wells Fargo is one of America’s largest banks. It offers a wide range of financial services and products including checking and savings accounts, credit cards, auto loans, mortgages and insurance for consumers, businesses and institutional investors. In 2016 alone, Wells Fargo helped more than 20 million customers across multiple businesses by processing nearly 12 million payments a day and working with nearly six million active mobile users every month. Its customers include tens of millions of credit cardholders and more than 20 million bank accounts with access to more than 13,000 ATMs worldwide. Nearly $1 trillion – or one out of every 6 dollars – circulating through American banking was on deposit at Wells Fargo last year alone.
4.Citigroup
Headquartered in New York City, Citigroup was created when Aramex (owned by Citibank) merged with Travelers Group. Founded in 1812, it has more than 200 million customers around the world and is one of only four banks with an AAA credit rating from Moody’s and Standard & Poor’s. City offers mortgages for home loans and refinances as well as personal loans for those seeking additional funding to handle unexpected expenses or provide them with some extra cash on hand. In addition to its mortgage offerings, City also provides auto loans for consumers looking to purchase new vehicles or bring their existing ones up to date on their financing options.
5.U.S. Ban corp
It’s no secret that U.S. Ban corp has been a trusted name in financial services for more than 150 years, serving individuals, businesses and communities through its banking, payments and consumer finance operations. Serving our customers remains our priority today, while meeting their evolving needs is among our top priorities as we chart our course into the future. Established on June 15, 1863, under one name First National Bank of Saint Paul U.S.
6.PNC Financial Services Group
Headquartered in Pittsburgh, PNC is a diversified financial services company that manages $400 billion in assets and boasts more than 8 million customers. PNC Bank is a huge player in community banking, with approximately 1,300 branches operating in 19 states throughout Pennsylvania, Ohio, Maryland, Virginia and West Virginia. In fact, PNC Bank has been recognized as one of Forbes' Best Banks for five consecutive years. The company's trustworthiness stems from its commitment to employees in 2014 alone it was ranked No. 3 on Fortune's list of 100 Best Companies to Work For; it was also named No.
7.Capital One Financial Corporation
The world's eighth-largest banking company by total assets, Capital One provides a wide range of financial products including credit cards, auto loans, home equity loans and mortgages, retail banking services and commercial banking services. Founded in 1988 as a subsidiary of Capital One Financial Corporation.
8.American Express Company
Launched in 1850, American Express has grown to become one of America’s most trusted financial institutions. It operates through three business segments: Card Services, Global Commercial Services and Global Merchant Services. Card services include U.S. consumer and small business card products and global traveler cards, including their loyalty program; The Platinum Card from American Express; a merchant-branded credit card program; and customer services related to these products. Global commercial services offers corporate travel management services as well as travel rewards programs to small businesses and corporations that issue their own corporate cards. The company was founded by Alexander Hamilton on April 30, 1850, and is headquartered in New York City, NY. (See Full Profile)
9.BB&T Corporation
BB&T is a bank based in Winston-Salem, North Carolina, with over 550 branches across 11 states: Virginia, West Virginia, South Carolina, North Carolina, Florida, Maryland, Tennessee, Georgia, New Jersey and Washington DC. It has total assets of $176 billion and operates under an FDIC charter. The company’s stock trades on both NASDAQ (BBT) and NYSE (BBT). It was founded in 1872 as Branch Banking & Trust Company by AMZ Lorenzo Branch. Today it employs nearly 30,000 people worldwide.
10.Discover Financial Services
Many credit unions have financial specialists on staff. And some major banks have registered investment advisers you can meet with free of charge, whether it’s at a branch or at an office in your neighborhood. If you get bad financial advice from these companies, they are responsible for their advice and should fix any problems that result from following it or reimburse you for losses as a result of their inaccurate recommendations. In order to find a good adviser, ask friends and family for referrals and contact two or three of them to see if they’ll take on clients like you.