Banks by state
Safest banks in Utah
- Quarter ending
- June 30, 2026
- Source
- FDIC Call Reports
- Results
- 44
Scores from 0 to 100 compare banks within separate groups based on total assets. The state lists sort these scores; “Safest” is not an absolute ranking of risk or a recommendation. Trust institutions, which manage assets for others, and banks that do not lend remain included. Their business models can affect reported ratios.
Ranked banks
If content extends beyond view, scroll sideways. For keyboard scrolling, focus the table or chart and use arrow keys.
| Bank | Score | Grade | Peer group | Assets |
|---|---|---|---|---|
| Rank 1Synchrony BankDraper | 100.0 | Grade A | $100B or more | $115B |
| Rank 2BMW Bank of North AmericaSalt Lake City | 100.0 | Grade A | $10B to under $100B | $13.8B |
| Rank 3SoFi Bank, National AssociationCottonwood Heights | 99.2 | Grade A | $10B to under $100B | $56.8B |
| Rank 4Medallion BankSalt Lake City | 99.2 | Grade A | $1B to under $10B | $2.83B |
| Rank 5Varo Bank, National AssociationDraper | 99.1 | Grade A | $300M to under $1B | $338M |
| Rank 6Square Financial Services, Inc.Salt Lake City | 99.0 | Grade A | $1B to under $10B | $2.06B |
| Rank 7Optum Bank, Inc.Draper | 98.4 | Grade A | $10B to under $100B | $21.4B |
| Rank 8Thrivent BankSalt Lake City | 98.4 | Grade A | $300M to under $1B | $906M |
| Rank 9American Express National BankSandy | 96.8 | Grade A | $100B or more | $214B |
| Rank 10Sallie Mae BankSalt Lake City | 96.8 | Grade A | $10B to under $100B | $28.5B |
| Rank 11WebBankSalt Lake City | 96.4 | Grade A | $1B to under $10B | $2.86B |
| Rank 12Green Dot Bank DBA Bonneville BankProvo | 96.2 | Grade A | $1B to under $10B | $5.44B |
| Rank 13Happen Bank, National AssociationLehi | 96.0 | Grade A | $10B to under $100B | $12.5B |
| Rank 14Nelnet BankDraper | 95.0 | Grade A | $1B to under $10B | $3.00B |
| Rank 15First Electronic BankSalt Lake City | 93.4 | Grade A | $300M to under $1B | $503M |
| Rank 16Grand Valley BankHeber City | 92.7 | Grade A | $300M to under $1B | $599M |
| Rank 17Merrick BankSouth Jordan | 92.2 | Grade A | $1B to under $10B | $9.13B |
| Rank 18Comenity Capital BankDraper | 90.5 | Grade A | $10B to under $100B | $13.9B |
| Rank 19Central BankProvo | 89.9 | Grade A | $1B to under $10B | $2.16B |
| Rank 20Stitch Bank, Inc.Salt Lake City | 89.2 | Grade A | Under $300M | $11.4M |
| Rank 21WEX BankSandy | 88.9 | Grade A | $10B to under $100B | $10.7B |
| Rank 22Ally BankSandy | 87.1 | Grade A | $100B or more | $188B |
| Rank 23Column National AssociationSalt Lake City | 87.0 | Grade A | $1B to under $10B | $1.77B |
| Rank 24Celtic BankSalt Lake City | 84.5 | Grade A | $1B to under $10B | $5.33B |
| Rank 25Prime Alliance BankWoods Cross | 83.1 | Grade A | $1B to under $10B | $1.09B |
| Bank | Score | Grade | Peer group | Assets |
| Rank 26Morgan Stanley Bank, National AssociationSalt Lake City | 80.6 | Grade A | $100B or more | $419B |
| Rank 27State Bank of Southern UtahCedar City | 80.6 | Grade A | $1B to under $10B | $2.74B |
| Rank 28Home Savings BankSalt Lake City | 78.7 | Grade B | Under $300M | $109M |
| Rank 29Transportation Alliance Bank, Inc. d/b/a TAB BankOgden | 75.6 | Grade B | $1B to under $10B | $1.59B |
| Rank 30UBS Bank USA, National AssociationSalt Lake City | 74.2 | Grade B | $100B or more | $124B |
| Rank 31Quill BankProvo | 73.5 | Grade B | $1B to under $10B | $1.56B |
| Rank 32The Pitney Bowes Bank, Inc.Salt Lake City | 61.3 | Grade B | $300M to under $1B | $796M |
| Rank 33FinWise BankMurray | 57.8 | Grade B | $300M to under $1B | $915M |
| Rank 34Continental BankSalt Lake City | 53.4 | Grade B | Under $300M | $182M |
| Rank 35Zions Bancorporation, N.A.Salt Lake City | 51.6 | Grade B | $10B to under $100B | $89.0B |
| Rank 36Milestone BankSalt Lake City | 48.8 | Grade C | $300M to under $1B | $342M |
| Rank 37Utah Independent BankSalina | 36.2 | Grade C | Under $300M | $171M |
| Rank 38Redemption BankSalt Lake City | 33.6 | Grade C | Under $300M | $77.5M |
| Rank 39Brighton BankSalt Lake City | 33.2 | Grade C | $300M to under $1B | $322M |
| Rank 40Bank of UtahOgden | 26.2 | Grade C | $1B to under $10B | $3.79B |
| Rank 41Cache Valley BankLogan | 22.4 | Grade C | $1B to under $10B | $3.49B |
| Rank 42B2 Bank National AssociationHolladay | 17.8 | Grade D | Under $300M | $115M |
| Rank 43Sunwest BankSandy | 15.0 | Grade D | $1B to under $10B | $4.41B |
| Rank 44First Utah BankSalt Lake City | 3.0 | Grade F | $300M to under $1B | $840M |