Largest Bank Trust Departments in the US (2026)

Five institutions hold 75.1% of the fiduciary and related assets reported by US banks and trust companies. State Street Bank and Trust Company alone reports $23.14 trillion, ahead of The Bank of New York Mellon and BlackRock Institutional Trust Company N.A. According to FDIC data, the 466 institutions with a trust business hold $49.17 trillion in all, and 187 of them, 40%, report less than $1 billion.

Every figure is the one the institution filed on Schedule RC-T of its Call Report for June 30, 2026.

The 50 largest bank trust departments

Ranked by total fiduciary and related assets on June 30, 2026. Managed assets are those over which the institution has investment discretion; the rest it holds without it.

Rank	Institution	Headquarters	Fiduciary and related assets	Of which managed	Fiduciary accounts	Total assets	Source
1	State Street Bank and Trust Company	Boston, MA	$23.14 trillion	$3.06 trillion	1,158,482	$413 billion	FDIC
2	The Bank of New York Mellon	New York, NY	$5.47 trillion	$174 billion	28,734	$425 billion	FDIC
3	BlackRock Institutional Trust Company N.A.	San Francisco, CA	$3.06 trillion	$3.06 trillion	4,102	$4.8 billion	FDIC
4	U.S. Bank	Cincinnati, OH	$2.72 trillion	$154 billion	568,317	$706 billion	FDIC
5	The Northern Trust Company	Chicago, IL	$2.53 trillion	$358 billion	120,977	$179 billion	FDIC
6	JPMorgan Chase Bank	Columbus, OH	$2.05 trillion	$861 billion	224,979	$4.09 trillion	FDIC
7	Citibank	Sioux Falls, SD	$1.37 trillion	$204 billion	13,768	$1.98 trillion	FDIC
8	U.S. Bank Trust Company N.A.	Portland, OR	$1.17 trillion	$637 million	151,037	$3.2 billion	FDIC
9	Bank of America	Charlotte, NC	$943 billion	$589 billion	230,175	$2.65 trillion	FDIC
10	The Bank of New York Mellon Trust Company	Los Angeles, CA	$514 billion	$1.6 billion	16,748	$1.4 billion	FDIC
11	Charles Schwab Trust Bank	Westlake, TX	$435 billion	$0	3,179	$10.5 billion	FDIC
12	Northwestern Mutual Wealth Management	Milwaukee, WI	$347 billion	$329 billion	810,806	$558 million	FDIC
13	PNC Bank	Wilmington, DE	$314 billion	$206 billion	72,034	$610 billion	FDIC
14	Wilmington Trust	Wilmington, DE	$242 billion	$49.7 billion	69,646	$772 million	FDIC
15	Computershare Trust Company N.A.	Canton, MA	$222 billion	$14.4 billion	46,764	$1.0 billion	FDIC
16	Capital Bank and Trust Company	Irvine, CA	$201 billion	$148 billion	4,534	$266 million	FDIC
17	Wells Fargo Bank	Sioux Falls, SD	$193 billion	$160 billion	44,576	$1.91 trillion	FDIC
18	Vanguard National Trust Company N.A.	Malvern, PA	$181 billion	$9.3 billion	71,650	$197 million	FDIC
19	Fifth Third Bank	Cincinnati, OH	$178 billion	$103 billion	57,398	$299 billion	FDIC
20	BMO Bank	Chicago, IL	$169 billion	$55.1 billion	20,686	$255 billion	FDIC
21	State Street B&T Company N.A.	New York, NY	$161 billion	$0	1,590	$65 million	FDIC
22	BNY Mellon	Pittsburgh, PA	$152 billion	$151 billion	45,747	$30.6 billion	FDIC
23	Manufacturers and Traders Trust Company	Buffalo, NY	$150 billion	$39.1 billion	30,267	$219 billion	FDIC
24	Bessemer Trust Company of DE N.A.	Wilmington, DE	$139 billion	$15.7 billion	4,764	$40 million	FDIC
25	Fidelity Personal Trust Company, FSB	Merrimack, NH	$138 billion	$2.4 billion	5,112,592	$75 million	FDIC
26	TIAA Trust National Association	Charlotte, NC	$124 billion	$5.4 billion	313,951	$241 million	FDIC
27	UMB Bank	Kansas City, MO	$121 billion	$18.6 billion	28,919	$71.9 billion	FDIC
28	Regions Bank	Birmingham, AL	$111 billion	$62.6 billion	34,043	$160 billion	FDIC
29	Truist Bank	Charlotte, NC	$106 billion	$84.5 billion	31,669	$548 billion	FDIC
30	Bessemer Trust Company	New York, NY	$93.7 billion	$86.8 billion	38,646	$4.2 billion	FDIC
31	Wellington Trust Company N.A.	Boston, MA	$87.5 billion	$85.3 billion	1,598	$109 million	FDIC
32	Deutsche Bank Trust Company Americas	New York, NY	$81.2 billion	$14.6 billion	20,964	$40.5 billion	FDIC
33	The Goldman Sachs Trust Company N.A.	Wilmington, DE	$79.4 billion	$28.6 billion	3,209	$198 million	FDIC
34	KeyBank	Cleveland, OH	$75.0 billion	$60.2 billion	42,095	$189 billion	FDIC
35	BOKF	Tulsa, OK	$73.1 billion	$36.0 billion	16,294	$53.0 billion	FDIC
36	Commerce Bank	Kansas City, MO	$62.5 billion	$60.8 billion	19,974	$35.0 billion	FDIC
37	Wilmington Savings Fund Society, FSB	Wilmington, DE	$53.2 billion	$5.7 billion	9,262	$22.6 billion	FDIC
38	Anchorage Digital Bank N.A.	Sioux Falls, SD	$52.6 billion	$1.8 billion	27,316	$1.9 billion	FDIC
39	Nationwide Trust Company, FSB	Columbus, OH	$52.1 billion	$0	940	$154 million	FDIC
40	Glenmede Trust Company N.A.	Philadelphia, PA	$49.9 billion	$43.8 billion	13,680	$207 million	FDIC
41	First Horizon Bank	Memphis, TN	$48.0 billion	$20.2 billion	4,031	$84.1 billion	FDIC
42	The Huntington National Bank	Columbus, OH	$47.0 billion	$39.8 billion	24,694	$283 billion	FDIC
43	Santander Bank	Wilmington, DE	$43.9 billion	$2.4 billion	17,734	$104 billion	FDIC
44	Zions Bancorporation	Salt Lake City, UT	$43.6 billion	$7.2 billion	22,051	$89.0 billion	FDIC
45	CIBC National Trust Company	Atlanta, GA	$42.1 billion	$41.4 billion	8,565	$413 million	FDIC
46	ADP Trust Company National Association	Wilmington, DE	$39.0 billion	$39.0 billion	1	$49 million	FDIC
47	City National Bank	Los Angeles, CA	$38.6 billion	$30.4 billion	9,260	$99.1 billion	FDIC
48	Principal Bank	Des Moines, IA	$36.8 billion	$2.3 billion	260	$9.8 billion	FDIC
49	BNY Mellon Trust of Delaware	Wilmington, DE	$36.3 billion	$8.0 billion	1,438	$255 million	FDIC
50	HSBC Bank USA	Tysons, VA	$35.0 billion	$7.7 billion	3,507	$173 billion	FDIC

Download this table (CSV), free. The full dataset, every institution that reports a trust business, is one email away.

How concentrated trust business is

• The largest institution holds 47.1% of all reported fiduciary and related assets.
• The largest five hold 75.1%, and the largest ten hold 87.4%.
• The 50 in the table hold 97.2%; the smallest of them reports $35.0 billion.
• Managed accounts are 23.3% of the total, or $11.47 trillion. BlackRock Institutional Trust Company N.A. manages the most, $3.06 trillion.

What this means for technology buyers

A trust department runs on specialist systems a bank does not otherwise need, trust accounting and fiduciary administration above all, and replacing them is a long project. These guides compare the options:

• Trust accounting systems for banks and trust companies: the books of record for fiduciary accounts.
• Fiduciary accounting platforms for trust departments: administration, statements and fiduciary review.
• Estate planning software: the advice work that feeds a personal trust business.
• Private banking solutions: for banks that run trust alongside private banking.

Planning the change before choosing the vendor? The Wealth Management Business Capabilities Model maps what a wealth and trust business does, and the Wealth Management Value Streams show how that work reaches a client.

More from Finantrix Atlas

• Largest custodian banks, ranked by assets under custody
• Largest banks in the US, ranked by total assets
• Largest registered investment advisers, ranked by assets

How this list was built

The universe is every institution that reported fiduciary and related assets on Schedule RC-T of its Call Report for June 30, 2026, as published in the FDIC's BankFind Suite. That includes national trust banks that file a Call Report without taking insured deposits. Institutions are ranked by total fiduciary and related assets, which is managed plus non-managed accounts; the schedule's own arithmetic, managed plus non-managed equals the total, holds on every row.

No second publisher reports fiduciary assets bank by bank, so this list rests on one source: the institutions' own filings.

Limits

• Custody is not included. Custody and safekeeping accounts are reported on a separate line and are a different business. The custodian banks ranking covers it from the banks' own disclosures.
• Institutions, not groups. A group with several trust charters, or a trust business outside a bank, appears once per filing institution or not at all.
• Fiduciary assets are not revenue. Non-managed accounts can be large and earn little; managed assets are shown so the difference is visible.
• One quarter. The date of the data is June 30, 2026.

Cite this

Free to quote, cite and republish, including the chart, with credit to Finantrix Atlas and a link to this page.

Five institutions hold 75.1% of the fiduciary and related assets reported by US banks and trust companies, according to a Finantrix Atlas analysis of June 30, 2026 Call Reports.

Of $49.17 trillion in fiduciary and related assets held by US banks, 23.3% is in accounts the bank manages, according to Finantrix Atlas.

Suggested citation: Finantrix Atlas, "Largest Bank Trust Departments in the US by Fiduciary Assets," data as of June 30, 2026, from Call Report Schedule RC-T. https://www.finantrix.com/articles/largest-trust-banks

Embed the chart:

<a href="https://www.finantrix.com/articles/largest-trust-banks"><img src="https://www.finantrix.com/atlas/largest-trust-banks.png" alt="The largest US bank trust departments by fiduciary assets, from Finantrix Atlas"></a>
<p>Chart: <a href="https://www.finantrix.com/articles/largest-trust-banks">Finantrix Atlas</a>, from Call Report Schedule RC-T.</p>

Frequently asked questions

Q: Which bank has the largest trust department in the US? A: State Street Bank and Trust Company, with $23.14 trillion in fiduciary and related assets on June 30, 2026, according to its Call Report.

Q: How many US banks have a trust department? A: 466 banks and trust companies reported fiduciary and related assets for June 30, 2026.

Q: What is the difference between managed and non-managed fiduciary assets? A: Managed assets are accounts where the institution has investment discretion. Non-managed assets are held and administered without it. Managed accounts are 23.3% of the total.

Q: Does this include custody assets? A: No. Custody and safekeeping accounts are reported separately and are not part of fiduciary and related assets.