As of 2010, some of the highest rated banks in California include Bank of America, Wells Fargo Bank, MUFG Union Bank, JPMorgan Chase Bank and Citibank. Others are OneWest Bank, BlackRock Institutional Trust and Silicon Valley Bank.
These banks were rated basing on credit quality, revenue stability and capital strength. This model allows analysts to review the performance of each bank during each quarter. According to Weiss Ratings, MUFG Union Bank is the largest bank headquartered in California and ranked third in deposit market share. Bank of America topped the list with the largest deposits. Wells Fargo Bank took second place and is popular for its branch availability.