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he Department of Financial Institutions (DFI) regulates 26 banks, 64 credit unions, 38 industrial banks and two |
trust companies.
There are also 10 national banks, 4 out-of-state state banks, 51 federal credit unions, and 7 federal savings & loan, operating within the state.
As of June 30, 2005 Utah depository institutions had combined total assets of 217.4 billion dollars. Of that total, 37.3 billion were in banks, 9.8 billion were in credit unions, 114.6 billion were in industrial banks and 55.7 billion were in savings & loan associations.
All banks, credit unions, savings and loans and industrial banks operating within the state of Utah have its deposits insured by the Federal Deposit Insurance Corporation (FDIC). |
There are approximately 192 residential mortgage lenders, brokers and servicers conducting business in Utah. The Utah Division of Real Estate is now the primary regulator of residential first mortgage lenders and brokers.
For the fiscal year ended September 30, 2005, Zions First National Bank (“Zions Bank”), a subsidiary of Zions Bancorporation (Nasdaq: ZION), approved 699 U.S. Small Business Administration (“SBA”) 7(a) loans in Utah, ranking as the state’s top provider of SBA loans to small businesses. Zions’ ranking marks the twelfth consecutive year that the bank has been the state’s number one SBA lender.
The 699 loans approved by Zions Bank in Utah totaled more than $60 million, and represented 34 percent of the 2,012 SBA-backed loans approved in the state during fiscal year 2005. |
