JPMorgan Chase, Wells Fargo and Bank of America are among the major banks in Houston and the state of Texas. The Alabama-based BBVA Compass and Houston-based Amegy Bank, part of Zions Bancorporation, are also on Houston's list. Other banks found on the city's list of major banks are Prosperity Bancshares, Cullen/Frost Bankers, Comerica and Woodforest Financial Group, the only private company on the list. Identification as a major bank is typically based on assets, growth rate and market share.
JPMorgan Chase, having nearly half the area's market share, is the largest bank in Houston with 227 branches and over $104 billion in local deposits in 2014. With 207 branches and $22.6 billion in local-area deposits, Wells Fargo carries 10.5 percent of the Houston market share. Prosperity Bancshares, with one-third of its 176 Texas branches located in Houston and 2.23 percent market share, ranked as the best bank in Forbes' 2011 list of America's best and worst banks.
While not among the 10 major banks in Houston, Mitsubishi UFJ Financial Group recognized the greatest growth in deposits in 2014. As reported by the Houston Chronicle, the bank's 2014 deposits were up more than 400 percent over 2013. Also of note, the 2013 merger of two Houston-area banks, CommunityBank of Texas and Vista Bank Texas, created one of the largest independent banks in Houston.