CRA Public File



Established by Congress in 1977, the Community Reinvestment Act encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. The CRA requires that banks' efforts be evaluated periodically, and the report be publicized.

Bank of Utah received a rating of “Outstanding” in its most recent CRA Performance Evaluation, which spans the years 2017 to 2021. The rating reflects the Bank’s commitment and responsiveness to the communities it serves.

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2021 CRA Highlights

Bank of Utah is focused on restoring local jobs, creating economic opportunity and investing in our great state.

Overall, lending levels during the review period reflected excellent responsiveness to credit needs in local communities. The Bank extended 32 community development loans totaling $203 million.

The Bank continues to focus its time and energy to help address a critical issue facing Utah: the housing shortage. Loans helped finance the development or rehabilitation of affordable housing, which was identified as a critical need in the CRA. Many of the Bank’s loans also provided infrastructure, including water treatment facilities and improvement of power lines in rural areas. These types of loans support job creation and retention for individuals in those areas.

Throughout its 70-year history, Bank of Utah has been deeply committed to empowering our communities and our neighbors. Over the course of the CRA review period, Bank employees provided 599 service hours to 33 organizations, including United Way, Catholic Community Services, Family Promise and more. During these service opportunities, employees addressed a number of community needs, such as providing assistance for organizations that help victims of abuse and organizations that promote affordable housing for low- and moderate-income families.

Bank of Utah’s CRA investment goal is 5 percent of the total investment portfolio. The year 2021 ended with a total outstanding CRA investment of $13,752, or 4.5 percent. The Bank is generous with donations within the communities it serves. In 2021, the Bank donated $83,825 to qualified nonprofit organizations within those communities.