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Industrial Loan Companies and Industrial Banks

23 industrial loan companies and industrial banks file call reports as of June 30, 2026, holding $146.39B together. The largest is Sallie Mae Bank of Salt Lake City, UT, with $28.54B in assets.

Listed: 23 of 23 Financials as of: June 30, 2026 Source: Federal Reserve NIC industrial bank charter type; parent from NIC and the FDIC directory; assets from FFIEC call reports
# Bank HQ Parent company Total assets Deposits Established
1 Sallie Mae Bank Salt Lake City, UT — $28.54B $20.33B 2005
2 Optum Bank, Inc. Draper, UT Unitedhealth Group Incorporated $21.43B $16.52B 2003
3 Toyota Financial Savings Bank Henderson, NV — $16.79B $14.28B 2004
4 Comenity Capital Bank Draper, UT Bread Financial Holdings, Inc. $13.86B $10.99B 2003
5 BMW Bank of North America Salt Lake City, UT — $13.80B $9.52B 1999
6 Beal Bank USA Las Vegas, NV Beal Financial Corporation $11.05B $1.65B 2004
7 WEX Bank Sandy, UT — $10.71B $7.91B 1998
8 Merrick Bank South Jordan, UT Cardworks Financial Group $9.13B $7.41B 1997
9 Celtic Bank Corporation Salt Lake City, UT Celtic Investment, Inc. $5.33B $3.90B 2001
10 Nelnet Bank Draper, UT Nelnet, Inc. $3.00B $2.51B 2020
11 WebBank Salt Lake City, UT Steel Partners Holdings LP $2.86B $2.26B 1997
12 Medallion Bank Salt Lake City, UT Medallion Financial Corp. $2.83B $2.30B 2003
13 Square Financial Services, Inc. Salt Lake City, UT — $2.06B $559.3M 2021
14 Thrivent Bank Salt Lake City, UT Thrivent Financial for Lutherans $905.6M $548.1M 2025
15 The Pitney Bowes Bank Inc. Salt Lake City, UT Pitney Bowes, Inc. $796.3M $676.4M 1998
16 Eaglemark Savings Bank Reno, NV Harley-Davidson, Inc. $755.7M $519.4M 1997
17 Finance Factors, Limited Honolulu, HI Finance Enterprises, Ltd. $683.7M $519.3M 1952
18 First Electronic Bank Salt Lake City, UT FRY's Electronics $502.9M $285.6M 2000
19 Community Commerce Bank Claremont, CA The East Los Angeles Community Union $422.7M $317.5M 1976
20 Balboa Thrift and Loan Association Chula Vista, CA Hafif Bancorp $394.5M $348.3M 1980
21 Milestone Bank Salt Lake City, UT Lease Corporation of America $342.2M $282.8M 2006
22 Hatch Bank San Marcos, CA Firstrust Savings Bank $177.5M $41.3M 1982
23 Minnesota First Credit and Savings, Incorporated Rochester, MN Minnesota Thrift Company $29.9M $24.9M 1956

About this list

An industrial loan company (ILC), also called an industrial bank, is a state-chartered, FDIC-insured depository institution, mostly in Utah, Nevada and California. Its parent can be a commercial or finance company that is not a bank holding company, which is why the parent column often names a non-bank firm. 97 banks have already filed a newer quarter; each bank shows its own latest report, as its profile page does.

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