BEST COMPANIES

Bank of Utah proves that a financial institution’s success is best measured by the strength and well-being of the neighborhoods it serves.

Founded in Ogden, UT, in 1952, the bank has spent over seven decades evolving into a cornerstone of the state’s economy, helping families and businesses build their futures through 18 full-service branches and forward-thinking financial tools. Recognized as a Top 15 U.S. Community Bank of 2024 by S&P Global Market Intelligence and named Utah’s Best Bank by GOBankingRates in 2025, the institution blends local insight with award-winning stability.

This commitment to community investment is driven by profound, hands-on engagement. In 2025 alone, Bank of Utah team members dedicated more than 2,000 hours of community service. One of the bank’s most visible initiatives is the annual “Warm Bodies Warm Souls” clothing drive — the largest in the state — which recently collected over 560 bags of winter gear and $10,000 in donations to benefit 15 charitable organizations. Additionally, the bank used the Federal Home Loan Bank of Des Moines Member Impact Fund to award over $200,000 in grants to 30 Utah nonprofits, while another $150,000 commitment, through the Bank of Utah Championship, supported teen centers statewide through The Policy Project.

For the equipment finance community, Bank of Utah offers more than just community spirit; it provides sophisticated technical expertise through its Corporate Trust department. As one of the largest providers of aircraft owner trusts worldwide, the bank manages thousands of assets on the FAA registry and other global registries, facilitating complex cross-border transactions and leasing structures. This global reach is complemented by a robust commercial lending division that offers specialized equipment loans and guidance lines of credit to help businesses modernize their operations. By integrating these high-level financial services with enthusiastic hands-on service, Bank of Utah remains a true reflection of what it means to be a community-focused leader in the financial services landscape.