2026 Rankings

Best Banks in Utah

42 banks in Utah ranked by our TFS Financial Health Grade. Scores based on capital adequacy, asset quality, earnings, and consumer protection data.

Rank	Institution	City	Assets	Score	Grade
1	SoFi Bank, National Association	Cottonwood Heights	$46.6B	81.8	B-
2	Optum Bank, Inc.	Draper	$20.8B	80.3	B-
3	UBS Bank USA	Salt Lake City	$119.3B	80.1	B-
4	Bank of Utah	Ogden	$3.6B	79.5	C+
5	Cache Valley Bank	Logan	$3.5B	79.3	C+
6	Morgan Stanley Bank, National Association	Salt Lake City	$253.3B	77.6	C+
7	WebBank	Salt Lake City	$2.9B	77.2	C+
8	First Electronic Bank	Salt Lake City	$482.4M	76.8	C
9	BMW Bank of North America	Salt Lake City	$12.8B	76.3	C
10	Central Bank	Provo	$2.1B	76.0	C
11	Zions Bancorporation, N.A.	Salt Lake City	$89.0B	75.8	C
12	Sallie Mae Bank	Salt Lake City	$29.7B	75.3	C
13	Utah Independent Bank	Salina	$160.2M	75.0	C
14	Sunwest Bank	Sandy	$4.1B	74.3	C
15	Ally Bank	Sandy	$184.6B	73.8	C
16	State Bank of Southern Utah	Cedar City	$2.6B	72.8	C-
17	Medallion Bank	Salt Lake City	$2.6B	72.3	C-
18	American Express National Bank	Sandy	$211.3B	72.3	C-
19	Thrivent Bank	Salt Lake City	$996.5M	71.1	C-
20	Continental Bank	Salt Lake City	$187.8M	70.0	C-
21	Prime Alliance Bank	Woods Cross	$1.1B	69.9	D+
22	Synchrony Bank	Draper	$112.1B	69.5	D+
23	Capital Community Bank	Provo	$1.4B	69.5	D+
24	Brighton Bank	Salt Lake City	$317.1M	69.0	D+
25	WEX Bank	Sandy	$8.4B	68.2	D+
26	LendingClub Bank, National Association	Lehi	$11.5B	67.2	D+
27	Redemption Bank	Salt Lake City	$72.2M	67.0	D+
28	The Pitney Bowes Bank, Inc.	Salt Lake City	$805.6M	66.5	D
29	Comenity Capital Bank	Draper	$13.6B	65.8	D
30	Grand Valley Bank	Heber City	$586.5M	64.6	D
31	Home Savings Bank	Salt Lake City	$113.0M	63.9	D
32	First Utah Bank	Salt Lake City	$845.5M	62.5	D-
33	Square Financial Services, Inc.	Salt Lake City	$1.7B	61.3	D-
34	Celtic Bank	Salt Lake City	$4.8B	60.4	D-
35	Merrick Bank	South Jordan	$9.3B	57.9	F
36	Milestone Bank	Salt Lake City	$374.6M	56.8	F
37	Green Dot Bank DBA Bonneville Bank	Provo	$5.2B	56.4	F
38	Transportation Alliance Bank, Inc. d/b/a TAB Bank	Ogden	$1.6B	54.1	F
39	Nelnet Bank	Draper	$2.1B	54.0	F
40	FinWise Bank	Murray	$967.5M	53.8	F
41	Liberty Bank, Inc.	Salt Lake City	$13.0M	50.8	F
42	Varo Bank, National Association	Draper	$376.2M	38.1	F

Rankings based on TFS Financial Health Grades, calculated from FDIC quarterly financial data. Scores reflect capital adequacy, asset quality, earnings, liquidity, growth, and consumer protection metrics.Learn about our methodology

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