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  • About Michigan:
    Michigan has 151 banks headquartered within it.
  • The banks in Michigan collectively have $132 Billion in assets, making it the 21st largest banking state.
  • Ranked by asset size, the largest bank headquartered in Michigan is JPMorgan Chase Bank, Dearborn. The percentage of state bank assets held by JPMorgan Chase Bank, Dearborn is 0.05 %. On the opposite end of this spectrum is Auto Club Trust, the smallest bank in Michigan. Auto Club Trust has a total asset size of $6 Million.
  • There are 25,683 people employed full-time at the 151 banks headquartered in Michigan.
  • While the average APY on a 12 month certificate of deposit in Michigan is 0.77 %, the overnight auction rate at MoneyAisle for a 12 month bank CD was 1.92 %! Try it out for yourself: Compare the live auction rates on MoneyAisle to the average rate offered in Michigan!

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Michigan Banks - Fast Facts

  • Banks HQ in MI: 151
  • Number of MI Branches: 2,838
  • Average Branch Deposit Size: $46 Million
  • MI HQ Banks Employ : 25,683 full-time employees
  • MI HQ Banks Assets: $132 Billion
  • Biggest Bank HQ in MI (Assets): JPMorgan Chase Bank, Dearborn
  • Smallest Bank HQ in MI (Assets): Auto Club Trust
  • % of US Bank Assets: 0.97 %

Data from FDIC as of 3/31/2009

Banks Headquartered in Michigan

(Largest Banks by Asset Size)
  • JPMorgan Chase Bank, Dearborn - $1,784 Billion in Assets
  • Fifth Third Bank - $130 Billion in Assets
  • Northern Trust Bank, Federal Savings Bank - $79 Billion in Assets
  • Comerica Bank & Trust, National Association - $67 Billion in Assets
  • Flagstar Bank - $17 Billion in Assets
  • Citizens Bank - $13 Billion in Assets
  • The PrivateBank - $11 Billion in Assets
  • Ann Arbor Commerce Bank - $5,696 Million in Assets
  • Bank Of Auburn Hills - $5,696 Million in Assets
  • Bank Of Michigan - $5,696 Million in Assets

Banks with Branches in Michigan

(Largest Banks by Asset Size)