Banks in Utah

22 FDIC-insured banks headquartered in Utah, ranked by total assets.

Utah is home to 22 FDIC-insured banks holding a combined $1.15T in total assets and approximately $935.94B in deposits (Source: FDIC BankFind). These figures represent banks headquartered in Utah and may not include all branches of out-of-state banks operating in the state.

Morgan Stanley Bank is the largest bank headquartered in Utah with $253.35B in total assets, suggesting a relatively distributed banking market (Source: FDIC BankFind). The mix of national banks, regional institutions, and community banks in Utah provides consumers with a range of options based on their banking preferences.

Total Banks

Combined Assets

$1.15T

Avg ROA

2.25%

Largest banks in Utah

Morgan Stanley Bank

Morgan Stanley Bank is the largest bank headquartered in Utah with $253.35B in total assets and 1 branches (Source: FDIC BankFind).

American Express National Bank

American Express National Bank is a major bank headquartered in Utah with $211.28B in total assets and 1 branches (Source: FDIC BankFind).

Ally Bank

Ally Bank is a major bank headquartered in Utah with $184.65B in total assets and 1 branches (Source: FDIC BankFind).

UBS Bank USA

UBS Bank USA is a major bank headquartered in Utah with $119.32B in total assets and 1 branches (Source: FDIC BankFind).

Synchrony Bank

Synchrony Bank is a major bank headquartered in Utah with $112.11B in total assets and 2 branches (Source: FDIC BankFind).

Banks headquartered in Utah

#	Bank	Total Assets	Deposits	ROA	Branches
1	Morgan Stanley Bank, National AssociationSalt Lake City	$253.35B	$205.15B	1.86%	1
2	American Express National BankSandy	$211.28B	$167.79B	3.89%	1
3	Ally BankSandy	$184.65B	$155.04B	0.91%	1
4	UBS Bank USA, National AssociationSalt Lake City	$119.32B	$104.63B	1.13%	1
5	Synchrony BankDraper	$112.11B	$83.38B	2.89%	2
6	Zions Bancorporation, N.A.Salt Lake City	$88.99B	$75.88B	1.01%	414
7	SoFi Bank, National AssociationCottonwood Heights	$46.57B	$39.71B	1.96%	4
8	Sallie Mae BankSalt Lake City	$29.73B	$21.52B	2.90%	1
9	Optum Bank, Inc.Draper	$20.82B	$16.04B	2.72%	1
10	Comenity Capital BankDraper	$13.63B	$10.45B	1.60%	1
11	BMW Bank of North AmericaSalt Lake City	$12.81B	$8.62B	2.31%	1
12	LendingClub Bank, National AssociationLehi	$11.47B	$9.95B	1.22%	3
13	Merrick BankSouth Jordan	$9.25B	$7.25B	1.16%	1
14	WEX BankSandy	$8.45B	$6.28B	4.62%	1
15	Green Dot Bank DBA Bonneville BankProvo	$5.20B	$4.87B	1.24%	1
16	Celtic BankSalt Lake City	$4.79B	$3.44B	4.12%	1
17	Sunwest BankSandy	$4.09B	$3.18B	1.93%	9
18	Bank of UtahOgden	$3.58B	$2.86B	1.35%	20
19	Cache Valley BankLogan	$3.53B	$3.16B	1.88%	24
20	WebBankSalt Lake City	$2.94B	$2.39B	4.46%	1
21	Medallion BankSalt Lake City	$2.62B	$2.09B	2.81%	1
22	State Bank of Southern UtahCedar City	$2.60B	$2.29B	1.49%	17

Source: FDIC BankFind, most recent quarterly data. Only includes banks headquartered in Utah. Data last updated: April 2, 2026.

Credit unions in Utah

4 credit unions headquartered in Utah, ranked by total assets. Credit unions are member-owned cooperatives insured by the NCUA.

#	Credit Union	Total Assets	Members	ROA	Branches
1	AMERICA FIRSTRIVERDALE	$23.79B	1,554,689	1.47%	N/A
2	MOUNTAIN AMERICASANDY	$21.86B	1,406,629	0.89%	N/A
3	GOLDENWESTOgden	$3.95B	208,088	1.76%	N/A
4	UTAH COMMUNITYProvo	$3.74B	265,405	1.18%	N/A

Source: NCUA Quarterly Call Report Data. Only includes credit unions headquartered in Utah.

How to choose a bank in Utah

When choosing a bank in Utah, consider what matters most for your financial needs. Utah has 22 FDIC-insured banks headquartered in the state, plus additional out-of-state banks with local branches. Each institution offers different strengths in terms of branch access, product variety, and community focus.

Consider whether branch access matters to you. If you prefer in-person banking, look for institutions with branches near your home or workplace. If you primarily use mobile and online banking, you may want to prioritize digital features and compare interest rates, as online-focused banks often offer higher savings APYs.

All banks listed on this page are FDIC-insured, meaning deposits are protected up to $250,000 per depositor, per insured bank, for each account ownership category (Source: FDIC). Beyond FDIC insurance, compare factors such as monthly maintenance fees, ATM networks, minimum balance requirements, and customer service availability. The CFPB recommends comparing at least three institutions before opening a new account.

Compare banks side by side Savings calculators Our methodology

Data Sources

FDIC BankFind: Financial data including total assets, deposits, net income, ROA, and ROE for all FDIC-insured institutions. https://banks.data.fdic.gov/

CFPB Consumer Complaint Database: Consumer complaint data by institution, including complaint volumes, response rates, and top issue categories. https://www.consumerfinance.gov/data-research/consumer-complaints/

Federal Reserve Economic Data (FRED): Interest rate benchmarks including the Federal Funds Rate, Treasury yields, and national savings rate averages. https://fred.stlouisfed.org/

BankRanked is not a bank, credit union, or financial advisor. This content is for educational purposes only and does not constitute financial advice. All data is sourced from publicly available government databases (FDIC, NCUA, CFPB, FRED). Consult a licensed financial professional before making banking decisions.