Utah’s financial roots run deep, ranking No. 8 in the nation for banking assets with a burgeoning fintech sector.
Utah’s financial services industry is the state's largest and fastest-growing targeted industry. Utah's home to 51 banking institutions (valued at over $800 billion), including national, regional, community, and industrial banks.
The state’s credit union industry includes 64 institutions with over $37 billion in assets. Thanks especially to a growing technology industry, Utah also punches above its weight in venture capital and deal flow growth.