SNL Financial has listed two Boston-based financial institutions among its most recent ranking of the 50 largest banks and thrifts in the United States.
State Street Corp. came in at the No. 11 spot, just a slight downward shift from the No. 10 spot it held in the fourth quarter of 2012, and Santander Holdings USA held its position as the 26th largest bank or thrift.
Otherwise, the list revealed some minor movements. The top seven held the same spots in the first quarter as in the fourth quarter of 2012, with JPMorgan Chase & Co. in the No. 1 position.
Again, JPMorgan and Bank of America Corp., ranked No. 2, remained the only companies with more than $2 trillion in assets, and – along with No. 4 Wells Fargo & Co. – the only companies with more than $1 trillion in deposits.
The largest jumps in the top 50 included Chicago-based BMO Financial Corp., moving up to No. 19 from No. 21, and Pasadena, Calif.-based East West Bancorp Inc., jumping to No. 48 from No. 50. BMO Financial’s assets rose to $122.4 billion from $116.1 billion, while East West Bancorp’s assets jumped to $23.1 billion from $22.5 billion.
The biggest downward movement was by Birmingham, Ala.-based Regions Financial Corp., dropping to No. 22 from No. 20, as its assets fell to $119.7 billion from $121.4 billion.
SNL excludes holding companies with deposits totaling less than 25 percent of assets from the ranking, which means that some large firms regulated as bank holding companies, such as Goldman Sachs Group Inc., General Electric Capital Corp. and Morgan Stanley, are not ranked.
