State directory · UT

Utah Banks

Every FDIC-insured bank headquartered in Utah, with health grades, capital, and profitability from the quarterly FDIC Call Report.

Compiled from official source data by PlainBankData Editorial
42
FDIC banks
85/100
Avg health score
$1.17T
Total assets
8
Failures since 2000

Data updated July 2026

The state picture

Utah's 42 FDIC banks hold $1.17T in assets and average 85/100 on health - 86% earn an A or B grade.

42
FDIC-insured banks
86%
grade A or B (36 banks)
$253.3B
largest - Morgan Stanley Bank
8
failures since 2000

Figures from public FDIC Call Reports. A lower grade does not mean your money is at risk, deposits are FDIC-insured to $250,000 per depositor, per category, at every bank here.

For context: Utah's average health score of 85/100 is above the 77/100 national average across all FDIC-insured banks PlainBankData tracks.

Health grade distribution

A
34
81% of banks
B
2
5% of banks
C
6
14% of banks
D
0
0% of banks
F
0
0% of banks

Largest banks in Utah

Top 10 Utah banks by total assets
  1. 1
    Morgan Stanley Bank $253.3B

    Salt Lake City, UT · Grade A

  2. 2
    American Express National Bank $211.3B

    Sandy, UT · Grade A

  3. 3
    Ally Bank $184.6B

    Sandy, UT · Grade A

  4. 4
    UBS Bank USA $119.3B

    Salt Lake City, UT · Grade A

  5. 5
    Synchrony Bank $112.1B

    Draper, UT · Grade A

  6. 6
    Zions Bancorporation $89.0B

    Salt Lake City, UT · Grade B

  7. 7
    SoFi Bank $46.6B

    Cottonwood Heights, UT · Grade A

  8. 8
    Sallie Mae Bank $29.7B

    Salt Lake City, UT · Grade A

  9. 9
    Optum Bank, Inc. $20.8B

    Draper, UT · Grade A

  10. 10
    Comenity Capital Bank $13.6B

    Draper, UT · Grade A

Top 10 of 42 Utah banks · FDIC Call Report Q4 2025.

Utah banks by health grade

0 5 10 15 20 25 30 35 A B C D F 34 2 6 0 0

How Utah compares nationally

Utah ranks #6 of 55 states and territories by average bank health score - better than 91% of them.

States grouped by average health score

All 42 Utah banks

Bank Assets Grade
Morgan Stanley Bank, National Association $253.3B A
American Express National Bank $211.3B A
Ally Bank $184.6B A
UBS Bank USA $119.3B A
Synchrony Bank $112.1B A
Zions Bancorporation, N.A. $89.0B B
SoFi Bank, National Association $46.6B A
Sallie Mae Bank $29.7B A
Optum Bank, Inc. $20.8B A
Comenity Capital Bank $13.6B A
BMW Bank of North America $12.8B A
LendingClub Bank, National Association $11.5B A
Merrick Bank $9.3B A
WEX Bank $8.4B A
Green Dot Bank DBA Bonneville Bank $5.2B A
Celtic Bank $4.8B A
Sunwest Bank $4.1B A
Bank of Utah $3.6B A
Cache Valley Bank $3.5B A
WebBank $2.9B A
Medallion Bank $2.6B A
State Bank of Southern Utah $2.6B A
Nelnet Bank $2.1B A
Central Bank $2.1B A
Square Financial Services, Inc. $1.7B A
Transportation Alliance Bank, Inc. d/b/a TAB Bank $1.6B C
Capital Community Bank $1.4B A
Prime Alliance Bank $1.1B A
Thrivent Bank $996M C
FinWise Bank $967M A
First Utah Bank $846M C
The Pitney Bowes Bank, Inc. $806M A
Grand Valley Bank $586M A
First Electronic Bank $482M A
Varo Bank, National Association $376M C
Milestone Bank $375M A
Brighton Bank $317M A
Continental Bank $188M C
Utah Independent Bank $160M A
Home Savings Bank $113M A
Redemption Bank $72M B
Liberty Bank, Inc. $13M C

How to read the Utah bank directory

This page lists every FDIC-insured bank with a primary regulatory address in Utah. Both state-chartered and nationally-chartered banks appear when the FDIC institution directory places their headquarters here. Branch locations, ATM networks, and credit unions are not in scope, this is a headquarters-anchored view. The 42 institutions shown reflect the most recent quarterly FDIC release.

Health grade interpretation

Each bank's letter grade (A–F) is computed from four FDIC-reported metrics: Tier 1 capital ratio, return on assets, the Texas Ratio (non-performing assets ÷ tangible capital), and the efficiency ratio. Across Utah, 36 institutions (86%) sit in the A or B band, while 0 (0%) fall in the D or F band. The C cluster, the broad middle, typically captures roughly half of any state's banks and is not a warning signal on its own.

When failures matter

Since 2000, 8 banks headquartered in Utah have failed. Every depositor was made whole up to the standard FDIC ceiling ($250,000 per depositor, per ownership category, per institution). Failures cluster around macro events (the 2008–2010 wave, the 2023 regional-bank stress) rather than steady attrition, so a clean recent record reflects the absence of a triggering shock more than guaranteed safety. The "Under Stress" ranking is more forward-looking, because it scores current capital and credit-loss capacity.

Sources, refresh cadence, and corrections

Every figure derives from the FDIC Quarterly Banking Profile and the FDIC Institution Directory, both public-domain. We re-pull on the FDIC's schedule (quarterly release plus monthly directory deltas for mergers and closures). Asset and capital figures are reported as of the most recent quarter-end and lag the calendar by ~90 days, the FDIC's reporting lag, not ours.

Using the Utah directory

Three ways to put this state view to work.

Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings.

Data compiled from the Federal Deposit Insurance Corporation (FDIC) (FDIC Quarterly Banking Profile, Institution Directory, Failed Bank List). See our methodology for the full pipeline and source vintage.

Retrieved and compiled by PlainBankData Editorial from FDIC Call Report (FFIEC 031/041) filings, Q4 2025.

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Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. This page draws directly on FDIC federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.

Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.