Lists · Deposits by metro area

Salt Lake City, UT Metro Area Bank Deposit Market Share

Morgan Stanley Bank, N.A. holds the largest share of deposits in the Salt Lake City, UT metro area, 22.9%, followed by Goldman Sachs Bank USA (16.5%) and American Express National Bank (14.6%). 56 institutions hold $1.18T at 208 offices as of June 30, 2026, up 15.1% from 2025.

Institutions: 56 Offices: 208 Deposits: $1.18T Survey: FDIC Summary of Deposits, June 30, 2026

Largest share changes since 2025

Gained: Morgan Stanley Bank, N.A. (3.97 points); SoFi Bank, N.A. (1.07 points); Goldman Sachs Bank USA (0.44 points).

Lost: American Express National Bank (-1.90 points); Ally Bank (-1.49 points); Synchrony Bank (-0.99 points).

#	Institution	Offices	Deposits	Market share	Share change from 2025	Deposit change
1	Morgan Stanley Bank, N.A.	1	$268.75B	22.86%	+3.97 pts	39.3%
2	Goldman Sachs Bank USA	2	$194.09B	16.51%	+0.44 pts	18.3%
3	American Express National Bank	1	$171.55B	14.59%	-1.90 pts	1.8%
4	Ally Bank	1	$156.61B	13.32%	-1.49 pts	3.5%
5	UBS Bank USA, N.A.	1	$109.33B	9.30%	-0.34 pts	11.1%
6	Synchrony Bank	1	$85.97B	7.31%	-0.99 pts	1.4%
7	SoFi Bank, N.A.	1	$46.61B	3.96%	+1.07 pts	57.7%
8	JPMorgan Chase Bank, N.A.	22	$23.69B	2.01%	-0.02 pts	13.7%
9	Sallie Mae Bank	1	$20.33B	1.73%	-0.31 pts	-2.3%
10	Optum Bank, Inc.	1	$16.52B	1.40%	-0.07 pts	9.5%
11	Zions Bancorporation, N.A.	29	$13.30B	1.13%	-0.24 pts	-5.3%
12	Comenity Capital Bank	1	$10.99B	0.93%	-0.04 pts	9.9%
13	BMW Bank of North America	1	$9.52B	0.81%	+0.03 pts	19.3%
14	Wells Fargo Bank, N.A.	28	$7.89B	0.67%	-0.08 pts	3.3%
15	WEX Bank	1	$7.88B	0.67%	+0.03 pts	21.3%
16	Merrick Bank	1	$7.41B	0.63%	-0.05 pts	5.9%
17	Celtic Bank Corporation	1	$3.90B	0.33%	+0.05 pts	37.0%
18	KeyBank N.A.	17	$3.25B	0.28%	-0.03 pts	5.5%
19	U.S. Bank N.A.	20	$2.85B	0.24%	-0.01 pts	10.8%
20	Nelnet Bank	1	$2.51B	0.21%	+0.06 pts	63.5%
21	Medallion Bank	1	$2.30B	0.20%	0.00 pts	14.1%
22	WebBank	1	$2.26B	0.19%	+0.03 pts	33.7%
23	Finwise Bank	2	$723.0M	0.06%	0.00 pts	9.0%
24	The Pitney Bowes Bank Inc.	1	$676.4M	0.06%	-0.01 pts	-1.1%
25	First Utah Bank	6	$659.9M	0.06%	-0.01 pts	-5.6%
26	Bank of America, N.A.	15	$614.1M	0.05%	-0.04 pts	-35.0%
27	Square Financial Services, Inc.	1	$559.3M	0.05%	+0.01 pts	50.8%
28	Thrivent Bank	1	$548.1M	0.05%	-0.02 pts	-14.6%
29	Glacier Bank	6	$478.2M	0.04%	0.00 pts	14.3%
30	WaFd Bank	6	$456.1M	0.04%	-0.01 pts	-13.8%
31	Bank of Utah	4	$409.2M	0.03%	0.00 pts	6.7%
32	UMB Bank, N.A.	1	$319.4M	0.03%	+0.03 pts	New
33	BMO Bank N.A.	4	$311.0M	0.03%	+0.01 pts	44.7%
34	First Electronic Bank	1	$285.6M	0.02%	-0.01 pts	-14.4%
35	Milestone Bank	1	$282.8M	0.02%	-0.01 pts	-13.9%
36	Brighton Bank	5	$278.8M	0.02%	0.00 pts	-0.6%
37	Varo Bank, N.A.	1	$209.8M	0.02%	+0.00 pts	30.2%
38	Sunwest Bank	1	$199.6M	0.02%	0.00 pts	9.5%
39	Cache Valley Bank	1	$174.7M	0.01%	+0.01 pts	108.2%
40	Axos Bank	1	$162.0M	0.01%	+0.01 pts	New
41	Continental Bank	1	$141.0M	0.01%	0.00 pts	-2.4%
42	NBH Bank	1	$120.0M	0.01%	+0.01 pts	New
43	Fortis Bank	1	$79.6M	<0.01%	0.00 pts	12.6%
44	Home Savings Bank	1	$76.4M	<0.01%	0.00 pts	-11.3%
45	B2 Bank N.A.	1	$72.6M	<0.01%	+0.00 pts	46.5%
46	Quill Bank	1	$70.3M	<0.01%	0.00 pts	-9.4%
47	First American Trust, FSB	1	$69.4M	<0.01%	+0.00 pts	144.5%
48	Redemption Bank	1	$62.9M	<0.01%	0.00 pts	-5.2%
49	Banterra Bank	1	$47.4M	<0.01%	0.00 pts	1.8%
50	MidFirst Bank	1	$43.8M	<0.01%	+0.00 pts	34.2%
51	D.L. Evans Bank	1	$27.9M	<0.01%	0.00 pts	-42.0%
52	Northwest Bank	1	$26.0M	<0.01%	0.00 pts	-10.0%
53	Liberty Bank, Inc.	1	$7.2M	<0.01%	0.00 pts	-8.8%
54	Stride Bank, N.A.	1	$1.6M	<0.01%	+0.00 pts	—
55	Regions Bank	1	$0	<0.01%	0.00 pts	New
55	Column N.A.	1	$0	<0.01%	-0.07 pts	-100.0%

About this list

Deposits are those held at each institution's offices in Salt Lake City, UT (the Census Bureau core based statistical area) as of June 30, 2026, from the FDIC Summary of Deposits, whatever state the institution is headquartered in. Market share is the institution's deposits divided by all deposits in the market. Shares are by bank charter, not rolled up to the holding company, and cover FDIC-insured institutions only, so credit unions are not included. Each office is placed in its county and metro area by the FDIC branch directory; the few offices the directory does not list are left out of the market and of every share.

Share change compares the institution's share in 2025 and 2026 in percentage points. Deposit change compares its deposits here in the two years and includes deposits that moved through mergers and branch sales; "New" means it had no offices here a year earlier. Offices that closed during the year are placed by their ZIP code or city.

Counties in this metro area

Salt Lake County, UT Tooele County, UT

Statewide deposits

Utah

Largest metro areas

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