Ogden, Utah, Jan. 31, 2025 — Bank of Utah is the Gold Medal Winner in the GOBankingRates 2025 Best Banks by State Awards, based on the publication’s latest research. In its annual rankings of America’s Best Banks, GOBankingRates researchers conducted a comprehensive review of FDIC data and product offerings of Utah banks to determine the winners.
To qualify as a Best Banks by State winner, banks needed a minimum of five branch locations. GOBankingRates ranked banks based on total assets, Bauer Ratings, minimum deposits, fees, APY, products/services offered, total branch locations and more. The top three winners of each state earned Gold, Silver and Bronze Medals. Bank of Utah ranked as the No. 1 bank in Utah.
“We’re honored to be named the best bank in Utah by GOBankingRates,” said Branden Hansen, president of Bank of Utah. “This recognition confirms we’re doing the right things to prioritize and invest in the customers and neighborhoods we serve. We’re committed to continuing this high standard in 2025 and to working alongside our customers on their financial journeys.”
According to GOBankingRates, Bank of Utah is best for “residents seeking friendly, in-person service, a vast fee-free ATM network and a full suite of banking products,” noting that the bank “blends high interest rates with personalized service and a dedication to the local communities it serves.” The full review of Bank of Utah can be found here.
An independent, locally owned community bank since 1952, Bank of Utah has a unique focus — prioritizing and investing in the customers and neighborhoods it serves. The bank provides personal and business banking, mortgage and commercial lending, wealth management and trust and investment services to thousands of customers in Utah and beyond. It also supports communities through financial literacy programs, sponsorships and charitable giving.
