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Banks in Utah
The 44 FDIC-insured banks headquartered in Utah, their bank failures since 1934 and the largest credit unions. From the FDIC and the NCUA; quarter ending Jun 30, 2026.
- Banks headquartered here
- 44
- Their assets
- $1.4T
- Their deposits
- $1.0T
- Failures since 2000
- 9
- Credit unions
- 51
Every bank headquartered in Utah
Ranked by total assets, quarter ending Jun 30, 2026. Banks based elsewhere with branches here are not included.
| # | Bank | Holding company | Assets | Deposits | Equity | Net income, year to date | ROA | ROE | CET1 ratio | Uninsured deposits | Offices |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley Bank, National AssociationSalt Lake City, UT | Morgan Stanley | $419.3B | $278.9B | $40.6B | $2.8B | 1.56% | 15.33% | 18.2% | 40% | 1 |
| 2 | American Express National BankSandy, UT | American Express | $213.9B | $171.6B | $19.2B | $4.0B | 3.70% | 41.56% | 10.9% | 18% | 1 |
| 3 | Ally BankSandy, UT | Ally Financial | $188.2B | $156.6B | $15.5B | $1.1B | 1.20% | 14.53% | 12.3% | 10% | 1 |
| 4 | UBS Bank USA, National AssociationSalt Lake City, UT | Ubs Group Ag | $124.4B | $109.3B | $9.4B | $666.3M | 1.09% | 14.19% | 26.7% | 37% | 1 |
| 5 | Synchrony BankDraper, UT | Synchrony Financial | $115.2B | $86.0B | $14.9B | $1.6B | 2.84% | 22.07% | 14.4% | 12% | 2 |
| 6 | Zions Bancorporation, N.A.Salt Lake City, UT | – | $89.0B | $76.6B | $7.7B | $685.7M | 1.55% | 18.57% | 11.8% | 46% | 413 |
| 7 | SoFi Bank, National AssociationCottonwood Heights, UT | Sofi Technologies Inc | $56.8B | $46.8B | $7.3B | $504.1M | 1.98% | 15.41% | 15.2% | 5% | 4 |
| 8 | Sallie Mae BankSalt Lake City, UT | – | $28.5B | $20.3B | $2.9B | $404.3M | 2.77% | 27.51% | 11.8% | 7% | 1 |
| 9 | Optum Bank, Inc.Draper, UT | – | $21.4B | $16.5B | $3.2B | $269.0M | 2.55% | 17.52% | 17.9% | 4% | 1 |
| 10 | Comenity Capital BankDraper, UT | – | $13.9B | $11.0B | $1.8B | $112.5M | 1.65% | 12.74% | 12.5% | 9% | 2 |
| 11 | BMW Bank of North AmericaSalt Lake City, UT | – | $13.8B | $9.5B | $1.8B | $151.0M | 2.29% | 17.05% | 13.7% | 3% | 1 |
| 12 | Happen Bank, National AssociationLehi, UT | Happen Inc | $12.5B | $10.9B | $1.4B | $108.8M | 1.82% | 15.94% | 15.6% | 12% | 2 |
| 13 | WEX BankSandy, UT | – | $10.7B | $7.9B | $856.1M | $205.4M | 4.30% | 51.92% | 12.7% | 14% | 1 |
| 14 | Merrick BankSouth Jordan, UT | – | $9.1B | $7.4B | $1.6B | $116.1M | 2.55% | 13.48% | 16.8% | 5% | 1 |
| 15 | Green Dot Bank DBA Bonneville BankProvo, UT | Green Dot Corporation | $5.4B | $5.0B | $316.9M | $44.4M | 1.61% | 29.74% | 32.0% | 4% | 1 |
| 16 | Celtic BankSalt Lake City, UT | – | $5.3B | $3.9B | $928.3M | $85.8M | 3.41% | 19.32% | – | 9% | 1 |
| 17 | Sunwest BankSandy, UT | H Bcorp LLC | $4.4B | $3.4B | $412.0M | $34.5M | 1.62% | 17.39% | 10.4% | 53% | 12 |
| 18 | Bank of UtahOgden, UT | Bou Bcorp Inc | $3.8B | $3.0B | $465.5M | $24.1M | 1.30% | 10.55% | 16.4% | 46% | 20 |
| 19 | Cache Valley BankLogan, UT | Cache Valley Banking Co | $3.5B | $3.1B | $365.2M | $34.3M | 1.96% | 19.39% | 12.0% | 54% | 25 |
| 20 | Nelnet BankDraper, UT | – | $3.0B | $2.5B | $463.5M | $15.6M | 1.23% | 8.48% | – | 2% | 1 |
| 21 | WebBankSalt Lake City, UT | – | $2.9B | $2.3B | $478.6M | $65.5M | 4.68% | 28.37% | 18.1% | 14% | 1 |
| 22 | Medallion BankSalt Lake City, UT | – | $2.8B | $2.3B | $450.0M | $29.0M | 2.15% | 12.95% | 13.1% | 0% | 1 |
| 23 | State Bank of Southern UtahCedar City, UT | Southern Utah Bcorp | $2.7B | $2.4B | $312.2M | $23.5M | 1.76% | 15.58% | – | 30% | 17 |
| 24 | Central BankProvo, UT | Central Bcorp | $2.2B | $1.8B | $320.0M | $21.8M | 2.06% | 13.93% | – | 39% | 13 |
| 25 | Square Financial Services, Inc.Salt Lake City, UT | – | $2.1B | $559.3M | $1.4B | $350.5M | 37.85% | 59.97% | 96.0% | 30% | 1 |
| 26 | Column National AssociationSalt Lake City, UT | – | $1.8B | $1.5B | $174.8M | $54.3M | 8.13% | 73.35% | 25.0% | 86% | 2 |
| 27 | Transportation Alliance Bank, Inc. d/b/a TAB BankOgden, UT | Tab Bank Holdings Inc | $1.6B | $1.4B | $180.1M | $8.3M | 1.05% | 9.46% | – | 20% | 1 |
| 28 | Quill BankProvo, UT | Quill Financial Inc | $1.6B | $1.3B | $220.0M | $39.6M | 5.29% | 38.07% | 16.5% | 27% | 8 |
| 29 | Prime Alliance BankWoods Cross, UT | – | $1.1B | $966.1M | $116.5M | $18.3M | 3.41% | 33.32% | 12.7% | 17% | 1 |
| 30 | FinWise BankMurray, UT | Finwise Bancorp | $915.5M | $723.0M | $164.1M | $6.5M | 1.42% | 8.14% | – | 19% | 2 |
| 31 | Thrivent BankSalt Lake City, UT | – | $905.6M | $548.1M | $332.4M | −$7.8M | −1.62% | −4.59% | 55.6% | 9% | 1 |
| 32 | First Utah BankSalt Lake City, UT | First Utah Bcorp | $840.3M | $688.5M | $85.4M | $3.1M | 0.74% | 7.43% | – | 18% | 7 |
| 33 | The Pitney Bowes Bank, Inc.Salt Lake City, UT | – | $796.3M | $676.4M | $77.4M | $21.7M | 5.34% | 55.69% | – | 33% | 1 |
| 34 | Grand Valley BankHeber City, UT | Sagebrush Partners Lllp | $599.4M | $541.3M | $55.2M | $3.5M | 1.19% | 13.23% | – | 22% | 9 |
| 35 | First Electronic BankSalt Lake City, UT | – | $502.9M | $285.6M | $198.3M | $18.7M | 7.94% | 19.26% | 90.0% | 98% | 1 |
| 36 | Milestone BankSalt Lake City, UT | – | $342.2M | $282.8M | $53.2M | $1.2M | 0.69% | 4.71% | – | 16% | 1 |
| 37 | Varo Bank, National AssociationDraper, UT | Varo Money Inc | $337.8M | $209.8M | $68.9M | −$46.6M | −25.68% | −109.59% | – | 2% | 1 |
| 38 | Brighton BankSalt Lake City, UT | Brighton Bcorp | $321.6M | $278.8M | $32.6M | $3.0M | 1.86% | 18.25% | – | 37% | 6 |
| 39 | Continental BankSalt Lake City, UT | Continental Bcorp | $181.8M | $141.0M | $29.5M | $2.4M | 2.63% | 16.87% | 19.5% | 43% | 1 |
| 40 | Utah Independent BankSalina, UT | – | $170.9M | $143.2M | $25.8M | $2.8M | 3.43% | 23.04% | – | 21% | 4 |
| 41 | B2 Bank National AssociationHolladay, UT | B2 Bcorp Inc | $114.6M | $103.8M | $10.6M | −$609.0K | −1.47% | −11.15% | – | 10% | 3 |
| 42 | Home Savings BankSalt Lake City, UT | JGS JR Family Holding Corp | $108.8M | $76.4M | $16.7M | $495.0K | 0.89% | 5.89% | – | 9% | 1 |
| 43 | Redemption BankSalt Lake City, UT | Redemption Holding Co | $77.5M | $62.9M | $14.0M | −$102.0K | −0.28% | −1.46% | – | 23% | 1 |
| 44 | Stitch Bank, Inc.Salt Lake City, UT | Cache Valley Banking Co | $11.4M | $7.2M | $3.9M | −$715.0K | −11.62% | −33.06% | 73.5% | 7% | 1 |
Source: FDIC BankFind Suite. Assets, deposits and equity at the end of the latest quarter; net income is year to date. ROA and ROE are annualized returns on assets and equity. CET1 is common equity tier 1 capital as a share of risk-weighted assets. CET1 is blank for banks that do not report it (many small banks use the simpler community bank leverage ratio). Uninsured deposits is the bank's own estimate of the share of deposits above the insurance limit.
Bank failures in Utah
30 since 1934; the latest 25.
| Date | Bank | State | Assets | Deposits | Cost to the fund | Acquirer | Resolution |
|---|---|---|---|---|---|---|---|
| Mar 3, 2017 | Proficio BankCottonwood Heights, UT | UT | $68.2M | $65.0M | $10.1M | Cache Valley Bank | Purchase and assumption |
| Nov 4, 2011 | Sunfirst BankSaint George, UT | UT | $198.1M | $169.1M | $43.6M | Cache Valley Bank | Purchase and assumption |
| Mar 19, 2010 | Advanta Bank Corp.Draper, UT | UT | $1.5B | $1.5B | $521.5M | – | Payout |
| Mar 5, 2010 | Centennial BankOgden, UT | UT | $212.8M | $205.1M | $70.5M | – | Payout |
| Jan 15, 2010 | Barnes Banking CompanyKaysville, UT | UT | $709.2M | $697.1M | $106.8M | – | Deposit insurance national bank |
| May 1, 2009 | America West BankLayton, UT | UT | $281.6M | $286.0M | $114.4M | Cache Valley Bank | Purchase and assumption |
| Jan 30, 2009 | Magnet BankSalt Lake City, UT | UT | $300.7M | $282.6M | $170.1M | – | Payout |
| Jan 16, 2009 | Merrill Lynch Bank USASalt Lake City, UT | UT | $61.8B | $53.6B | – | – | Open-bank assistance mergerAssistance |
| Jun 25, 2004 | Bank of EphraimEphraim, UT | UT | $56.8M | $52.3M | $3.0M | Far West Bank | Purchase and assumption, insured deposits |
| Jul 5, 1990 | Home Sb, FSBSalt Lake City, UT | UT | $12.8M | $9.9M | $217.7K | Zions First NB | Insured deposit transfer |
| Jan 26, 1990 | Williamsburg FS & LaSalt Lake City, UT | UT | $310.5M | $257.7M | $31.1M | Branch Sale | Purchase and assumption |
| Feb 17, 1989 | Mountainwest S & L Assoc.Ogden, UT | UT | $241.5M | $227.5M | $71.4M | Mountainwest Financial | Purchase and assumption |
| Feb 17, 1989 | American S & LaSalt Lake City, UT | UT | $2.2B | $1.4B | $152.5M | Pacific First FSB | Purchase and assumption |
| Feb 10, 1989 | Deseret S & L Assoc.Salt Lake City, UT | UT | $159.3M | $177.7M | $88.0M | Zions First NB | Purchase and assumption |
| Dec 30, 1988 | Tracy-Collins Bank & Trust CompanySalt Lake City, UT | UT | $213.3M | $196.0M | $88.2K | Continental Bank & Trust Co | Open-bank assistanceAssistance |
| Sep 21, 1988 | Mountainwest S&LAOgden, UT | UT | $284.5M | $262.3M | – | – | Merger |
| May 27, 1988 | Sandy State BankSandy, UT | UT | $8.9M | $8.0M | $1.9M | Zions First National Ban | Purchase and assumption |
| Feb 12, 1988 | Basin State BankVernal, UT | UT | $12.0M | $11.5M | $3.4M | Zions First National Ban | Purchase and assumption |
| Aug 28, 1987 | Rocky Mountain State BankSalt Lake City, UT | UT | $18.6M | $17.9M | $3.0M | Citibank Utah | Purchase and assumption |
| Apr 29, 1987 | Heritage Bank & TrustSalt Lake County, UT | UT | $17.6M | $16.2M | $109.7K | First Interstate BK of U | Insured deposit transfer |
| Apr 10, 1987 | Bank of Iron CountyParowan, UT | UT | $19.8M | $19.5M | $3.8M | Dixie State Bank | Purchase and assumption |
| Mar 24, 1987 | Western S&LASalt Lake City, UT | UT | $392.7M | $360.8M | $478.0K | Crossland Savings FSB | Open-bank assistanceAssistance |
| Apr 16, 1986 | Summit S&LAPark City, UT | UT | $210.7M | $180.7M | $46.1M | – | Payout |
| Mar 28, 1986 | Family BankOgden, UT | UT | $28.0M | $24.7M | $2.8M | Commercial Security Bank | Purchase and assumption |
| Jan 24, 1986 | Pioneer State BankSalt Lake City, UT | UT | $11.7M | $10.9M | $537.2K | Zions First National Ban | Purchase and assumption |
Source: FDIC BankFind Suite. Cost to the fund is the FDIC's estimated loss to the deposit insurance fund (earlier funds for older failures). Assets and deposits as of the last report before failure. Assistance transactions kept the bank open with FDIC help.
The largest credit unions in Utah
51 credit unions; the largest 25 by assets.
| # | Credit union | Charter | Assets | Members | Loans | Shares and deposits | Net worth ratio | Net income, year to date |
|---|---|---|---|---|---|---|---|---|
| 1 | America FirstRiverdale, UT | Federal | $26.0B | 1,588,687 | $18.4B | $22.7B | 11.11% | $223.0M |
| 2 | Mountain AmericaSandy, UT | Federal | $22.9B | 1,458,467 | $18.8B | $20.3B | 9.55% | $99.7M |
| 3 | GoldenwestWashington Terrace, UT | Federal | $4.3B | 221,793 | $3.5B | $3.7B | 13.20% | $34.0M |
| 4 | Utah CommunityProvo, UT | Federal | $4.0B | 270,676 | $3.3B | $3.4B | 10.14% | $31.0M |
| 5 | Canyon ViewWest Jordan, UT | Federal | $2.1B | 115,227 | $1.8B | $1.8B | 9.80% | $6.8M |
| 6 | CyprusWest Jordan, UT | Federal | $2.1B | 163,815 | $1.9B | $1.8B | 12.42% | $6.8M |
| 7 | Deseret FirstWest Valley City, UT | Federal | $1.3B | 88,240 | $1.0B | $1.1B | 8.41% | $5.7M |
| 8 | Utah FirstSalt Lake City, UT | Federal | $1.2B | 45,913 | $971.6M | $929.1M | 10.38% | $6.1M |
| 9 | Utah PowerMurray, UT | State | $1.1B | 31,115 | $555.4M | $957.9M | 13.72% | $7.6M |
| 10 | GraniteSalt Lake City, UT | Federal | $918.4M | 41,508 | $701.7M | $766.2M | 10.05% | $2.3M |
| 11 | Wasatch PeaksOgden, UT | Federal | $658.4M | 32,043 | $551.9M | $545.9M | 10.57% | $2.6M |
| 12 | JordanSouth Jordan, UT | Federal | $424.5M | 25,905 | $235.1M | $387.3M | 9.21% | $1.3M |
| 13 | American UnitedWest Jordan, UT | Federal | $382.7M | 20,915 | $295.5M | $337.3M | 11.48% | $745.8K |
| 14 | AlpineOrem, UT | Federal | $362.9M | 19,782 | $245.7M | $321.5M | 10.33% | $1.8M |
| 15 | ElevateBrigham City, UT | Federal | $260.3M | 15,277 | $157.7M | $205.0M | 20.93% | $2.4M |
| 16 | Eastern Utah CommunityPrice, UT | Federal | $219.2M | 12,669 | $128.6M | $187.4M | 14.11% | $1.2M |
| 17 | Members FirstBrigham City, UT | State | $209.1M | 13,540 | $96.2M | $175.7M | 14.91% | $1.9M |
| 18 | Horizon UtahFarmington, UT | Federal | $185.2M | 12,392 | $90.1M | $162.2M | 11.54% | −$121.3K |
| 19 | Hercules FirstTaylorsville, UT | Federal | $176.3M | 8,832 | $148.4M | $139.2M | 9.00% | $475.8K |
| 20 | Utah HeritageMoroni, UT | State | $166.7M | 9,035 | $110.2M | $144.0M | 12.36% | $1.4M |
| 21 | Pacific HorizonSpringville, UT | State | $141.4M | 8,691 | $109.2M | $127.7M | 9.30% | $669.6K |
| 22 | Desert RiversMoab, UT | Federal | $116.7M | 7,875 | $96.5M | $106.4M | 8.44% | $297.2K |
| 23 | FreedomProvo, UT | State | $70.0M | 4,454 | $49.3M | $61.2M | 11.69% | $353.1K |
| 24 | FirefightersDraper, UT | State | $69.6M | 3,470 | $43.4M | $61.4M | 10.46% | $31.3K |
| 25 | Kings PeakRoosevelt, UT | State | $68.4M | 4,013 | $55.0M | $62.0M | 9.28% | $597.9K |
Source: NCUA credit union call report data, quarter ending Jun 30, 2026. Names as filed (the NCUA abbreviates them, usually without "Federal Credit Union"). Net income is year to date. The net worth ratio is net worth as a share of assets; 7% or more is "well capitalized".