If you consider individual U.S. states as independent economies, then California would be the 12th largest economy in the world. Based on estimates from the International Monetary Fund, California's economy is larger than that of Australia and South Korea (among other developed, first-world nations).
With an economy of this magnitude, there are opportunities aplenty for banks interested in deposits, loans, and cash management -- and not just the megabanks, either.
In the video below, Motley Fool contributor Jay Jenkins finds two regional banks, Union Bancshares (NASDAQ: UNB ) , U.S. Bancorp (NYSE: USB ) , and a regional subsidiary of BNP Paribas (NASDAQOTH: BNPQY ) , Bank of the West, that are competing on market share against their "too big to fail" megabank competitors.
The golden age of banking is dead. But if you want to learn how to take advantage of the impending bank renaissance, click below to discover the one company leading the way. You see, this fast-growing company is poised to disrupt big banking's centuries-old practices. And it stands to make early investors like YOU a fortune... if you act now. Our brand-new investor alert, "Big Banking's Little $20.8 Trillion Secret," lays bare every banker's darkest secret for the world to see. Simply click HERE for instant access!