County banking markets / UT / 49035
Salt LakeUtah
FIPS 49035. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 1994–2025. One of 28 counties in Utah’s 2025 survey.
Concentration, 1994–2025
Branch-count HHI squares each institution’s share of the county’s branch offices; deposit HHI squares its share of county deposits. The bands are the 2010 Horizontal Merger Guidelines classification, the dashed line the 1,800 level above which the Federal Reserve reviews a merger centrally. In 2025 this market is unconcentrated on branches (774) and unconcentrated on deposits (1,294).
Source: FDIC Summary of Deposits | DOJ & FTC, Horizontal Merger Guidelines (2010), section 5.3 | Federal Reserve, Competitive Effects of Mergers and Acquisitions FAQs Both indices computed from the SOD branch rows for this county, June 30 of each survey year. Neither is the Fed's screen HHI: no thrift weighting, no exclusion of specialty and internet banks, no central-booking adjustment. Methodology
Branches and institutions
214 branch offices and 31 institutions in 1994; 201 and 52 in 2025. Deposits booked in the county went from $6.71B to $1.02T, nominal.
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2025. Methodology
Who holds the deposits, 2025
Every institution with a branch in the county, ranked by deposits booked here. Both shares are shown because they are the two indices above: squaring and summing the deposit column gives the deposit HHI, the branch column the branch-count HHI.
| # | Institution | Deposits | Deposit share | Branches | Branch share |
|---|---|---|---|---|---|
| 1 | Morgan Stanley Bank, National Association cert 32992 | $192.90B | 18.90% | 1 | 0.50% |
| 2 | American Express National Bank cert 27471 | $168.45B | 16.51% | 1 | 0.50% |
| 3 | Goldman Sachs Bank USA cert 33124 | $164.11B | 16.08% | 2 | 1.00% |
| 4 | Ally Bank cert 57803 | $151.30B | 14.83% | 1 | 0.50% |
| 5 | UBS Bank USA cert 57565 | $98.44B | 9.65% | 1 | 0.50% |
| 6 | Synchrony Bank cert 27314 | $84.80B | 8.31% | 1 | 0.50% |
| 7 | SoFi Bank, National Association cert 26881 | $29.56B | 2.90% | 1 | 0.50% |
| 8 | JPMorgan Chase Bank, National Association cert 628 | $20.83B | 2.04% | 21 | 10.45% |
| 9 | Sallie Mae Bank cert 58177 | $20.81B | 2.04% | 1 | 0.50% |
| 10 | Optum Bank, Inc. cert 57408 | $15.09B | 1.48% | 1 | 0.50% |
| 11 | Zions Bancorporation, N.A. cert 2270 | $13.93B | 1.37% | 29 | 14.43% |
| 12 | Comenity Capital Bank cert 57570 | $10.00B | 0.98% | 1 | 0.50% |
| 13 | BMW Bank of North America cert 35141 | $7.99B | 0.78% | 1 | 0.50% |
| 14 | Wells Fargo Bank, National Association cert 3511 | $7.55B | 0.74% | 28 | 13.93% |
| 15 | Merrick Bank cert 34519 | $7.01B | 0.69% | 1 | 0.50% |
| 16 | WEX Bank cert 34697 | $6.50B | 0.64% | 1 | 0.50% |
| 17 | KeyBank National Association cert 17534 | $3.04B | 0.30% | 16 | 7.96% |
| 18 | Celtic Bank cert 57056 | $2.85B | 0.28% | 1 | 0.50% |
| 19 | U.S. Bank National Association cert 6548 | $2.57B | 0.25% | 20 | 9.95% |
| 20 | Medallion Bank cert 57449 | $2.01B | 0.20% | 1 | 0.50% |
| 21 | WebBank cert 34404 | $1.69B | 0.17% | 1 | 0.50% |
| 22 | Nelnet Bank cert 59205 | $1.53B | 0.15% | 1 | 0.50% |
| 23 | Bank of America, National Association cert 3510 | $944.6M | 0.09% | 14 | 6.97% |
| 24 | First Utah Bank cert 22738 | $699.4M | 0.07% | 6 | 2.99% |
| 25 | The Pitney Bowes Bank, Inc. cert 34599 | $684.0M | 0.07% | 1 | 0.50% |
| 26 | FinWise Bank cert 35323 | $663.5M | 0.07% | 2 | 1.00% |
| 27 | Thrivent Bank cert 59286 | $641.4M | 0.06% | 1 | 0.50% |
| 28 | Washington Federal Bank cert 28088 | $529.3M | 0.05% | 6 | 2.99% |
| 29 | Glacier Bank cert 30788 | $418.3M | 0.04% | 6 | 2.99% |
| 30 | Bank of Utah cert 17159 | $383.7M | 0.04% | 4 | 1.99% |
| 31 | Square Financial Services, Inc. cert 59177 | $371.0M | 0.04% | 1 | 0.50% |
| 32 | First Electronic Bank cert 35533 | $333.5M | 0.03% | 1 | 0.50% |
| 33 | Milestone Bank cert 58148 | $328.6M | 0.03% | 1 | 0.50% |
| 34 | Brighton Bank cert 22578 | $280.5M | 0.03% | 5 | 2.49% |
| 35 | BMO Bank National Association cert 16571 | $215.0M | 0.02% | 4 | 1.99% |
| 36 | Sunwest Bank cert 20164 | $182.2M | 0.02% | 1 | 0.50% |
| 37 | Varo Bank, National Association cert 59190 | $161.2M | 0.02% | 1 | 0.50% |
| 38 | Continental Bank cert 57571 | $144.4M | 0.01% | 1 | 0.50% |
| 39 | Home Savings Bank cert 26798 | $86.1M | 0.01% | 1 | 0.50% |
| 40 | Cache Valley Bank cert 22134 | $83.9M | 0.01% | 1 | 0.50% |
| 41 | Capital Community Bank cert 33823 | $77.7M | 0.01% | 1 | 0.50% |
| 42 | Fortis Bank cert 34401 | $70.7M | 0.01% | 1 | 0.50% |
| 43 | Holladay Bank & Trust cert 21448 | $66.3M | 0.01% | 1 | 0.50% |
| 44 | D. L. Evans Bank cert 11666 | $48.0M | 0.00% | 1 | 0.50% |
| 45 | Banterra Bank cert 17514 | $46.6M | 0.00% | 1 | 0.50% |
| 46 | MidFirst Bank cert 4063 | $32.7M | 0.00% | 1 | 0.50% |
| 47 | Northwest Bank cert 58752 | $28.9M | 0.00% | 1 | 0.50% |
| 48 | First American Trust, FSB cert 26312 | $28.4M | 0.00% | 1 | 0.50% |
| 49 | Umpqua Bank cert 17266 | $20.9M | 0.00% | 1 | 0.50% |
| 50 | Liberty Bank, Inc. cert 26816 | $7.9M | 0.00% | 1 | 0.50% |
| 51 | Stride Bank, National Association cert 4091 | $674K | 0.00% | 1 | 0.50% |
| 52 | Regions Bank cert 12368 | $0K | 0.00% | 1 | 0.50% |
Source: FDIC Summary of Deposits June 30, 2025. Branch rows grouped by FDIC certificate; names as reported to the survey. Deposit share is n/a where the county's total SOD deposits are zero. Methodology
Back to county banking markets, up to Utah, or read the methodology for the two HHI constructions and what they cannot tell you.