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Ohio

Ohio's Banks: Fun Facts and The Best Banks for 2023

By
Natalie Fell
April 15, 2023

Need a new bank? Ohio's got some great ones! 🏦

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Whether you want to keep your savings at an OH-based branch or prefer a national bank, there's plenty of options to choose from. If you're looking for some new material for your water cooler conversations this week, impress your work friends with these fun tidbits. 🤑

 

Here’s Five Fast Facts about Ohio's banks:

  1. 💸 Trillion with a T - The Buckeye State currently has 175 banks in operation. Together, they hold over $4.67 trillion in total assets.
  1. 💰 Making Bank - The state’s largest deposit markets include these five urban areas: Akron, Cincinnati, Cleveland-Elyria, Columbus, and Toledo.
  1. 🌳 Money Grows on Trees - The two banks with the most branches are Ohio-based: Huntington Bank, headquartered in Columbus, and Fifth Third Bank in Cincinnati. The next few on the list are three large national banks: PNC, Chase, and U.S. Bank.
  1. 🙋🏽The Customer's Always Right - Many of Ohio's banks also rank high in customer service. A recent survey showed banks in the North Central region (which includes Ohio, Indiana, Kentucky, Michigan and West Virginia) had the highest scores in the country. Three Ohio-based banks made the top 10: Huntington, Fifth Third Bank, and KeyBank.
  1. 🤠 Is Everything Bigger in TX? - Ohio banks hold more wealth than California, New York, and Texas combined.

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🔥Bottom line: Don't forget, when you're shopping around for a new bank, make sure it's a good fit for you and your financial situation. Compare service fees and interest rates and go with a branch that gives you the most bang for your buck. If you're thinking about banking with a credit union instead, check out this article where we break things down. 

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Are you happy with your bank? Shopping around for a new one?

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Let us know by connecting with us on Facebook and Instagram! Also, remember to share this newsletter with your friends & coworkers!

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