RANKING ·
Fastest deposit growth in Utah
41 of 45 banks in Utah that filed for the quarter ended June 30, 2026 are ranked. Deposits of at least $25 million a year earlier; institutions whose assets rose 20% or more in the latest quarter, usually through a merger, are left out. Institutions with equal values share a rank. Source: FDIC quarterly financial data.
| Rank | Institution | Headquarters | Deposits, change over 12 months | Total assets |
|---|---|---|---|---|
| 1 | Nelnet Bank | Draper, UT | +63.5% | $3.0 billion |
| 2 | Sofi Bank N.A. | Cottonwood Heigh, UT | +57.4% | $56.8 billion |
| 3 | Square Financial Services Inc. | Salt Lake City, UT | +50.8% | $2.1 billion |
| 4 | Morgan Stanley Bank N.A. | Salt Lake City, UT | +44.6% | $419 billion |
| 5 | Celtic Bank Corporation | Salt Lake City, UT | +37.0% | $5.3 billion |
| 6 | Webbank | Salt Lake City, UT | +33.7% | $2.9 billion |
| 7 | Capital Community Bank | Provo, UT | +30.4% | $1.6 billion |
| 8 | Varo Bank N.A. | Draper, UT | +30.2% | $338 million |
| 9 | Wex Bank | Sandy, UT | +21.4% | $10.7 billion |
| 10 | Bmw Bank of North America | Salt Lake City, UT | +19.3% | $13.8 billion |
| 11 | Lendingclub Bank N.A. | Lehi, UT | +17.2% | $12.5 billion |
| 12 | Medallion Bank | Salt Lake City, UT | +14.1% | $2.8 billion |
| 13 | UBS Bank USA | Salt Lake City, UT | +11.1% | $124 billion |
| 14 | Green Dot Bank | Provo, UT | +10.4% | $5.4 billion |
| 15 | Comenity Capital Bank | Draper, UT | +9.9% | $13.9 billion |
| 16 | Optum Bank Inc. | Draper, UT | +9.5% | $21.4 billion |
| 17 | Prime Alliance Bank | Woods Cross, UT | +9.0% | $1.1 billion |
| 18 | Finwise Bank | Murray, UT | +9.0% | $915 million |
| 19 | Central Bank | Provo, UT | +7.9% | $2.2 billion |
| 20 | Sunwest Bank | Sandy, UT | +7.7% | $4.4 billion |
| 21 | Utah Independent Bank | Salina, UT | +6.9% | $171 million |
| 22 | Cache Valley Bank | Logan, UT | +6.0% | $3.5 billion |
| 23 | Merrick Bank | South Jordan, UT | +5.9% | $9.1 billion |
| 24 | State Bank of Southern Utah | Cedar City, UT | +5.9% | $2.7 billion |
| 25 | Bank of Utah | Ogden, UT | +5.3% | $3.8 billion |
| 26 | Grand Valley Bank | Heber City, UT | +4.6% | $599 million |
| 27 | Ally Bank | Sandy, UT | +3.5% | $188 billion |
| 28 | Zions Bancorporation N.A. | Salt Lake City, UT | +3.5% | $89.0 billion |
| 29 | American Express National Bank | Sandy, UT | +1.8% | $214 billion |
| 30 | Synchrony Bank | Draper, UT | +1.4% | $115 billion |
| 31 | Transportation Alliance Bank, Inc. Dba Tab Bank | Ogden, UT | +0.4% | $1.6 billion |
| 32 | Brighton Bank | Salt Lake City, UT | -0.6% | $322 million |
| 33 | The Pitney Bowes Bank Inc. | Salt Lake City, UT | -1.1% | $796 million |
| 34 | Sallie Mae Bank | Salt Lake City, UT | -2.3% | $28.5 billion |
| 35 | Continental Bank | Salt Lake City, UT | -2.4% | $182 million |
| 36 | First Utah Bank | Salt Lake City, UT | -3.1% | $840 million |
| 37 | Redemption Bank | Salt Lake City, UT | -5.2% | $77.5 million |
| 38 | Home Savings Bank | Salt Lake City, UT | -11.3% | $109 million |
| 39 | Milestone Bank | Salt Lake City, UT | -13.9% | $342 million |
| 40 | First Electronic Bank | Salt Lake City, UT | -14.4% | $503 million |
| 41 | Thrivent Bank | Salt Lake City, UT | -14.6% | $906 million |
Rankings sort one published measure; they are not an overall judgment of any institution. Methodology · All rankings