Central Bank (UT)


Overview / Commentary
801-375-1000
75 North University Avenue
Provo, UT 84601

Central Bank (UT) is headquartered in Provo and is the 20th largest bank in the state of Utah. It is also the 535th largest bank in the nation. It was established in 1891 and as of June of 2022, it had grown to 260 employees at 11 locations. Central Bank (UT) has an A+ health rating.

Reviews (2)

Great bank!

Posted by: |

When I lived in Provo, I used Central Bank, switching over from Wells Fargo. Personable service, and you can actually get to know the people that work there (turnover seems low). This has been a good overall banking experience for me, and even after moving to a different state, I've found it easier to continue working with them rather than switch to a new bank. They post funds quickly, offer free checking (or at least did when I signed up), and have a great online banking application that allows you to take pictures of checks and submit them rather than have to mail them in or hand-deliver them, which has been a lifesaver living several states away. Overall, a very positive experience, and I'd highly recommend them to anyone in the area; I do know they have other branches in the state, though this was the Provo Office was the only one I ever dealt with.

Warning To All Who Might Use Central Bank

Posted by: |

Never use Central Bank they are thieves and dishonest.
i call to fix a problem with my account
then without telling me closed out my account
even though the problem was because of a technical error on central banks part.
NEVER NEVER NEVER get an account with them or you will be sorry.



Health
A+

Health Grade Components

Overall
FDIC Certificate #9204
Year Established1891
Employees260
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.27%
Return on Equity - YTD12.11%
Annual Interest Income$36.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.03B$1.70B
LoansQ2 2022vs Q2 2021$950.9MM$813.4MM
DepositsQ2 2022vs Q2 2021$1.74B$1.38B
Equity CapitalQ2 2022vs Q2 2021$197.2MM$225.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$27.7MM$23.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$25.00K$158.00K
Real Estate OwnedQ2 2022vs Q2 2021$543.00K$3.3MM
Rates

Rates for Central Bank (UT) are currently being reviewed.

Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.