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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

Jennifer Smith

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

Fork

Fighting Fraud

Fork

AccountSmart from Utah’s Altabank (formerly Bank of American Fork) helps older customers and their caregivers spot and combat financial exploitation. This “smart” checking account features third-party monitoring, power of attorney, secure limited transfers to a caregiver’s account and automatic bill pay. A collaborative effort between the State of Utah and the bank, AccountSmart was developed to both empower older customers and reduce the number of senior fraud victims.

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

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

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