Merrick Bank

Overview / Commentary
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 270th largest bank in the nation. It was established in 1997 and as of September of 2019, it had grown to 328 employees at 1 location. Merrick Bank's CD rates are 2X the national average, and it has an A health rating.

Related Posts

Merrick Bank 24-Month CD Rate Update - 12/9/2019

Merrick Bank (internet bank) has added 15 bps to its 24-month CD (2.25% APY), but this rate increase was reversed after only a few days.

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 Grade Components

FDIC Certificate #34519
Year Established1997
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD5.77%
Return on Equity - YTD27.81%
Annual Interest Income$666.8MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$3.93B$3.77B
LoansQ3 2019vs Q3 2018$3.23B$2.94B
DepositsQ3 2019vs Q3 2018$3.02B$2.97B
Equity CapitalQ3 2019vs Q3 2018$854.2MM$749.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$514.2MM$480.0MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$143.2MM$132.5MM
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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Merrick Bank CD Rates

2.15%$25k-24 Month CD
2.10%$25k-12 Month CD
2.10%$25k-18 Month CD
1.85%$25k-6 Month CD

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

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