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Utah: Banks’ Economic Impact

Banks support Utah’s economy with consumer, business and other loans, and by providing more than 19,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 19,531Employees

  • $1.7 BTotal Annual Compensation & Benefits

  • $88,349Average Total Compensation & Benefits

  • 39Banks Headquartered in State

Helping Women Shatter the Glass Ceiling

Zions Bancorporation in Utah is breaking boundaries with its work in supporting women in technology-specific roles, earning the bank a spot on the Women Tech Council’s 2018 and 2019 Shatter List.

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $2.2 BSmall Business Loans Outstanding

  • $6.3 BNew Home Loans Booked in 2018

  • 19,940Number of New Home Loans in 2018

  • $215,000Median New Home Loan Size in 2018

  • $757.2 MSmall Farm Loans Outstanding

Source: Estimates based on ABA 2019/2020 survey data, HMDA

Customers

Customers

  • 2.4 MTotal Customers

  • $575.3 BDeposits

  • 2 MConsumer

  • 482.1 KSmall Business

  • 2.4 KSmall Farm

  • 51Banks Operating Branches

  • 512Branches & Offices

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Bank of Utah Helps Customers Spot Scammers

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Bank of Utah, committed to protecting their customers from online scams, was a very active participant in ABA’s #BanksNeverAskThat campaign. Their efforts to educate customers included posts on their social media platforms, as well as publishing blog posts and news stories about the importance of anti-phishing awareness. They provided their customers with tips for spotting a scammer, and best practices for avoiding other account-draining schemes.

More stories on Serving Customers #

Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 97.7 KVolunteer hours

  • $187.7 MCommunity Donations

Reaching New Heights and Saving Lives

When Bank of Utah learned that Weber County Search and Rescue (WCSAR) was trying to expand their capability to save lives, they stepped up to help. WCSAR was seeking donations to go toward a $30,000 high-tech drone which would significantly cut rescue time in reaching stranded and injured people in diverse terrain.

Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.

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