Wells Fargo tops list of Washington banks

Deposits at Washington area banks totaled $157.2 billion, a 10.5 percent increase from last year’s, as consumers continued to pump more money into their bank accounts.

Capital One, which reported $28.77 billion in deposits as of June 30, topped theWashington area list, according to data released today by the Federal Deposit Insurance Corp.

The McLean-based bank held 18.3 percent of the area’s deposits. Wells Fargo, based in San Francisco, posted $21.76 billion in deposits and accounted for 13.8 percent of the market share.

Bank of America ($20.23 billion in deposits), SunTrust Bank ($16.42 billion) and BB&T ($13.15 billion) rounded out the list of top five banks.

The FDIC data considers metropolitan Washington to include the District, and its Maryland and Virginia suburbs, as well as Jefferson County in West Virginia.

Abha Bhattarai covers local retail, hospitality and banking for The Washington Post. She has previously written for The New York Times, The Wall Street Journal, Reuters and the St. Petersburg (Fla.) Times.

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