Utah Bank Facts, Financials, News and Rates

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About Utah:
67 banks are headquartered in Utah. UT also hosts 585 bank branches within its borders.
Of the 50 states in the U.S., Utah ranks 11th for banking size. This rank is because all of the banks in UT have a combined asset size of $371 Billion.
The largest bank which makes its headquarters in Utah is Merrill Lynch Bank. Merrill Lynch Bank has 17.59 % of the state bank assets with a total asset size of $1,880 Billion. Escrow Bank, the smallest bank in Utah, has a total asset size of $2 Million.
Between the banks headquartered in Utah, there are a total of 67, 12,033 people are employed full-time.
When banks compete to give you great rates on CDs and High-Yield Savings accounts, you can get better than usual rates. The average APY in Utah for a 12 month bank CD is 0.53 %, while the overnight auction rate at MoneyAisle for a 12 month certificate of deposit was 1.92 %! Compare the live auction rates on MoneyAisle to the average rate offered in Utah now! Run a free live MoneyAisle auction!

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Data from FDIC as of 3/31/2009

(Largest Banks by Asset Size)

(Largest Banks by Asset Size)