Checklist of FDIC-Guaranteed Banks in 2025: Is Your Financial Institution Protected?
In the bustling world of finance, the banking industry in the United States is dominated by four major banks: JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. However, when it comes to the global banking industry, Chinese banks held the top four positions in terms of total assets in 2021, with JPMorgan Chase being the most valuable bank globally, boasting total assets worth approximately 3.31 trillion U.S. dollars.
The Federal Deposit Insurance Corporation (FDIC), an independent U.S. government agency, plays a crucial role in providing insurance coverage to depositors in case their bank or financial institution fails. Established during the Great Depression, the FDIC has been offering this protection for over 88 years.
So, what does the FDIC insure? The organisation protects checking accounts, savings accounts, money market deposit accounts (MMDA), certificates of deposit (CDs), cashier's checks, money orders, and other official items issued by a bank. However, it's important to note that safe deposit boxes or their contents are not insured, nor are treasury bills, bonds, or notes, stock investments, bond investments, mutual funds, crypto assets, life insurance policies, annuities, and municipal securities.
To confirm whether a bank is FDIC-insured, the most direct and reliable method is to use the FDIC's BankFind tool available on its official website. This tool allows you to search for any bank to verify whether it is federally insured by the FDIC.
For official bulk lists, you might also consider checking FDIC publications or trusted financial institutions' releases. For state-specific banks, reviewing respective state banking authority directories can be beneficial, although this covers only one state.
As of 2025, there are around 4,703 FDIC-insured institutions and 81,166 insured branch offices in the United States. The total assets of these institutions were $23.7 trillion as of December 31, 2022, while the total deposits amounted to $19.3 trillion.
It's also worth noting that certain retirement accounts and benefit plans are covered, such as IRAs, self-directed 401(k) plans, revocable trust accounts, and employee benefit plan accounts. Deposits in FDIC-insured banks are insured up to $250,000 per depositor, per account category, in case the bank fails.
The FDIC's BankFind Suite provides current and historical data about these banks, including any mergers or acquisitions they may have undergone. This tool allows individuals to search for FDIC-insured banks and branches using the Name & Location Search feature, check if a bank is FDIC-insured, locate bank branches, see the history of a bank's mergers and acquisitions, and review a bank's history.
In the second quarter of 2022, JPMorgan Chase recorded a CET1 ratio of 12.17 percent, which is higher than the required minimum. TD Bank, the ninth-largest bank in the U.S. in 2022, had the highest CET1 ratio among U.S. banks, which was 16.6 percent.
In conclusion, the best and most comprehensive approach to finding the current list of FDIC-insured banks in the United States is to use the FDIC's BankFind tool online for the most up-to-date verification of FDIC insurance status. For official bulk lists, check FDIC publications or trusted financial institutions' releases. For state-specific banks, review respective state banking authority directories. This ensures access to accurate, official, and current information about FDIC-insured banks in the United States.
- The Federal Deposit Insurance Corporation (FDIC) offers insurance coverage for personal-finance accounts such as checking accounts, savings accounts, and certificates of deposit (CDs) in the banking-and-insurance sector.
- Investment in realestate or stock investments, mutual funds, crypto assets, and life insurance policies, among others, are not covered under FDIC insurance.
- Finance professionals and business owners can use education-and-self-development resources to learn more about skills-training related to managing and growing their banking-and-insurance institutions.
- Career-development opportunities in the banking industry can lead to positions of power within institutions, impacting the global market and finance world.
- Finance analysts and experts need to closely examine the assets and investment strategies of banks like JPMorgan Chase, Bank of America, and Wells Fargo to understand the competitive landscape of the banking industry.
- The FDIC's BankFind Suite can be utilized for research purposes, providing information about FDIC-insured banks, including their history, mergers, and acquisitions, aiding in career development and business growth in the banking industry.
