Bank of Utah
Bank of Utah is a federally-insured community bank, with corporate headquarters in Ogden, Utah. It is a member of the Utah Bankers Association, the American Bankers Association, and the Federal Deposit Insurance Corporation. Branden P. Hansen is president of Bank of Utah, as of January 2023.
With just over $3 billion in assets, Bank of Utah places in the top 9 percent of banks in the nation for total assets and the top 8% for net income.
Bank of Utah has just over 400 employees at 18 full-service branches throughout Utah, additional trust offices in Ogden and Salt Lake City, and additional mortgage offices in Logan, Price, and Vernal.
History
Ogden businessman Frank M. Browning founded Bank of Utah on Dec. 1, 1952, with 16 employees and less than $1 million in assets. Today, the bank remains locally owned and operated, and the Browning family remains involved in the bank with Frank W. Browning as chairman of the board, Benjamin F. Browning as vice chairman of the board and CEO, and Jonathan W. Browning as secretary to the board.Historically, Bank of Utah became the first bank in the state to issue a credit card, called the "Cred-O-Matic Shopping Plan." It was also the first Utah bank to become a "motor bank" by adding a drive-up teller window to its building.
Since its creation, Bank of Utah has acquired the following banks: Bank of Ben Lomond, Bank of Brigham City, Bank of Northern Utah, First Commerce Bank and American Bank of Commerce .