Court filing
Exhibit B- Size Chart — Agent Fee Litigation (Dkt. 166.2)
Summary
Exhibit B, Document 166-2 in MDL No. 2950, the PPP Agent Fee litigation, filed June 17, 2020. The exhibit is a chart ranking defendant banks and financial institutions by assets, with listings in the thousands, from JPMorgan Chase Bank at $2,337,646,000 to banks not large enough to be ranked in the top 250, such as Live Oak Banking Company at $5,199,714. It also lists a credit union, nontraditional lenders including Square, Inc. and Harvest Small Business Finance, and a community development financial institution whose assets are marked unavailable. Footnotes state that the data comes from a June 9, 2020 article and FDIC directory listings, and that the chart reflects only cases on the movant's Schedule of Actions and defendants still involved in them.
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Full text
Case MDL No. 2950 Document 166-2 Filed 06/17/20 Page 1 of 3
EXHIBIT B
Case MDL No. 2950 Document 166-2 Filed 06/17/20 Page 2 of 3
1
CHART RANKING DEFENDANT BANKS AND FINANCIAL INSTITUTIONS BY
ASSETS2
Note: All listings are in the thousands.
1. JPMorgan Chase Bank $2,337,646,000
2. Bank of America $1,852,983,000
3. Wells Fargo Bank $1,712,919,000
4. Citibank $1,453,998,000
5. U.S. Bank $486,004,220
6. Truist Bank $461,256,000
7. PNC Bank $397,703,264
15. Fifth Third Bank $167,845,100
19. KeyBank $143,390,269
23. Regions Bank $125,641,000
29. The Huntington National Bank $108,739,378
37. Silicon Valley Bank $69,942,929
38. Zions Bancorporation, N.A.3 $69,171,552
40. City National Bank $61,390,143
45. Synovus Bank $48,103,435
51. BOKF $42,074,066
57. First National Bank of Pennsylvania $34,531,413
79. Bank OZK $23,559,400
81. MidFirst Bank $22,986,309
90. Ameris Bank $18,156,981
94. Cadence Bank, N.A. $17,778,013
99. CenterState Bank $17,136,249
123. United Community Bank $12,887,120
154. ServisFirst Bank $8,946,415
1Data is taken from the MoneySummit’s June 9, 2020 article Biggest US Banks by Asset Size
(2020) detailing FDIC directory listings, available at https://www.mx.com/moneysummit/biggest-
banks-by-asset-size-united-states (last visited June 15, 2020).
2
We are aware of additional PPP Agent Fee cases which have been filed. This chart reflects only
the cases on Movant's Schedule of Actions. This chart consolidates holding companies and banks
in one entry for easy analysis. Finally, various plaintiffs have filed voluntary dismissals of certain
defendants from some actions. This chart only reflects the defendants that are still involved in
these cases.
3 Vectra Bank of Colorado is a division of Zions. See https://www.vectrabank.com/proactive-
bank/about-vectra-bank/.
9066631.4
Case MDL No. 2950 Document 166-2 Filed 06/17/20 Page 3 of 3
163. First Financial Bank $8,228,226
180. Wintrust Bank $6,849,1944
Banks Not Large Enough to be Ranked in Top 250 Banks in the U.S.
Live Oak Banking Company $5,199,714
Peoples Security Bank & Trust Co. $2,543,417
Cross River Bank $2,528,311
Academy Bank $2,163,530
Citizens & Northern Bank $1,613,394
Modern Bank $798,440
The North Side Bank & Trust Co. $770,063
Midwest Regional Bank $734,862
The Honesdale National Bank $701,224
Newton Federal Bank $645,988
First National Community Bank $213,559
Honat Bancorp. $106,489
Credit Unions
University First Federal Credit Union $925,7875
Nontraditional or Other Financial Institutions
Square, Inc. $2,450,0006
Harvest Small Business Finance $100,2007
Community Development Financial Institutions
BSD Capital d/b/a Lendistry Unavailable.
4 Unless otherwise noted, information provided for listings beyond the top 250 largest banks was
obtained from Federal Deposit Insurance Company’s Details and Financials Institution Directory
(ID), available at https://www7.fdic.gov/idasp/advSearchLanding.asp.
5 http://www.usacreditunions.com/university-first-federal-credit-union-
24710#:~:text=A%20short%20history%20of%20University%20First%20FCU&text=Currently%
20led%20by%20Jack%20Buttars,office%20and%2016%20branch%20offices.
6
Square’s total assets for fiscal years ending December 2015 to 2019 averaged $2.425 billion.
https://finbox.com/NYSE:SQ/explorer/total_assets.
7 Per Harvest’s Counsel.
2
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File and source
- File
- gov.uscourts.jpml.1161172.166.2.pdf
- Size
- 31,670 bytes
- SHA-256
- a154cee9d1666fb7c439f398ce837cf7b1ddfe538cf237e8453befc1a7cff9fc
- Original
- No public link identified.