Merrick Bank is headquartered in South Jordan and is the 11th largest bank in the state of Utah. It is also the 277th largest bank in the nation. It was established in 1997 and as of December of 2020, it had grown to 378 employees at 1 location. Merrick Bank has an A health rating.
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.
Overall | |
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FDIC Certificate # | 34519 |
Year Established | 1997 |
Employees | 378 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 6.34% |
Return on Equity - YTD | 27.36% |
Annual Interest Income | $817.5MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $4.44B$3.97B |
Loans | Q4 2020vs Q4 2019 | $3.21B$3.32B |
Deposits | Q4 2020vs Q4 2019 | $3.31B$3.05B |
Equity Capital | Q4 2020vs Q4 2019 | $1.08B$870.4MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $503.0MM$530.4MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $95.5MM$162.7MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Merrick Bank; we are a rate comparison website and cannot provide official rates or promotions.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.71% | $25k | $250k | 24 Month CD | |
0.65% | $25k | $250k | 12 Month CD | |
0.65% | $25k | $250k | 18 Month CD | |
0.40% | $25k | $250k | 6 Month CD |
Merrick Bank Locations | ||
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Merrick Bank | 10705 South Jordan Gateway, Suite 200 | South Jordan, UT 84095 |