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Banking in the San Francisco Bay Area
The San Francisco metropolitan area is one of the wealthiest in the country. As such, many banks are established or have branches in San Francisco, San Jose, Palo Alto, Oakland, Napa and other cities. In fact, there are 51 banks and 81 credit unions registered in the region with about 3,000 branch locations.
All of the large US banks have a presence here including Citibank, JP Morgan, Bank of America and Wells Fargo. Bank of the West has even been continuously operating for over 140 years.
San Francisco is known for the Golden Gate Bridge, Fisherman's Wharf, the trolley system and the art scene. However, the region is also known for its business prowess. It is the hub of the technology scene in the US and has many rich technology company executives as well as venture capitalists. The biotech industry is also large as well as traditional industries such as real estate, finance, advertising and media.
For that reason, there are plenty of banks in the region, serving all of these customers with their deposit and lending needs. As long as the economy continues to perform, banks will continue to operate in the region.
