Utah’s financial services industry is its largest and fastest-growing key industry. Utah is home to 47 banking institutions (valued at nearly $600 billion) including national, regional, community and industrial banks.
The state’s credit union industry includes approximately 68 institutions totaling $22.4 billion. Thanks especially to a growing technology industry, Utah also punches above its weight in venture capital and deal flow growth.
As of last year, Utah’s financial services industry accounted for 6,101 establishments and 74,895 employees.
In 2015, the Tax Foundation ranked Utah’s Total Tax Climate as the 9th best in the nation.
SoFi, Snap Finance, Entrata, Varo Money and more make up a growing fintech sector.
Goldman Sachs Salt Lake City is the second largest office in the Americas and fourth largest globally.
The University of Utah is home to the world-leading Center for Innovation in Banking and Financial Services.