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 December of 2019, it had grown to 336 employees at 1 location. Merrick Bank has an A health rating.

Related Posts

Merrick Bank Nationally Available CDs Have Modest Rate Increases - 3/27/2020

Merrick Bank (internet bank) has raised the rates on its CDs: 12-month (up 9 bps), 18-month (up 10 bps), and 24-month (up 5 bps). Minimum opening deposit is $25k.

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.

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Reviews (1)

They Do Fine

Posted by: |

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 - YTD5.46%
Return on Equity - YTD26.01%
Annual Interest Income$896.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$3.97B$3.89B
LoansQ4 2019vs Q4 2018$3.32B$3.10B
DepositsQ4 2019vs Q4 2018$3.05B$3.09B
Equity CapitalQ4 2019vs Q4 2018$870.4MM$760.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$530.4MM$504.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$162.7MM$148.7MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Merrick Bank CD Rates

0.85%$25k$250k24 Month CD
0.80%$25k$250k18 Month CD
0.75%$25k$250k12 Month CD
0.65%$25k$250k6 Month CD

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

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