Merrick Bank


Overview / Commentary
800-328-9155
10705 South Jordan Gateway, Suite 200
South Jordan, UT 84095

Merrick Bank is headquartered in South Jordan and is the 11th largest bank in the state of Utah. It is also the 272nd largest bank in the nation. It was established in 1997 and as of June of 2019, it had grown to 324 employees at 1 location. Merrick Bank's CD rates are 3X the national average, and it has an A health rating.

Related Posts

Merrick Bank Offers Nationally Available 18-Month CD, 2.56% APY - 9/11/2019

Merrick Bank's nationally available 18-month CD currently earns 2.56% APY. Minimum opening deposit is $25k and is capped at $250k. Interest is exempt from the $250k cap.

Merrick Bank Has Nationally Available 12-Month CD, 2.87% APY - 5/24/2019

Utah-based Merrick Bank has a nationally available 12-month CD, which currently earns 2.87% APY. Minimum deposit is $25k, with a balance cap of $250k.

Reviews (1)

They Do Fine

Posted by: WestTN | Aug 26, 2019

This is my second time with Merrick. First was with a Brokerage CD so I did not deal directly with the bank. Next was a Bank CD and I found them very good to deal with. ACH, microdeposits, et al went very well. Their rates are always at or near the top.



Health

Health Grade Components

Overall
FDIC Certificate #34519
Year Established1997
Employees324
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD5.66%
Return on Equity - YTD27.74%
Annual Interest Income$433.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$3.93B$3.47B
LoansQ2 2019vs Q2 2018$3.13B$2.84B
DepositsQ2 2019vs Q2 2018$3.06B$2.72B
Equity CapitalQ2 2019vs Q2 2018$820.3MM$714.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$495.4MM$467.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$121.5MM$121.7MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Merrick Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.48%$25k-24 Month CD
2.44%$25k-12 Month CD
2.40%$25k-18 Month CD
2.19%$25k-6 Month CD
Locations


Merrick Bank Locations
Merrick Bank10705 South Jordan Gateway, Suite 200South Jordan, UT 84095

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