Merrick Bank

Overview / Commentary
10705 South Jordan Gateway, Suite 200
South Jordan, UT 84095

Merrick Bank is headquartered in South Jordan and is the 12th largest bank in the state of Utah. It is also the 288th largest bank in the nation. It was established in 1997 and as of September of 2020, it had grown to 360 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.

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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 - YTD6.13%
Return on Equity - YTD26.8%
Annual Interest Income$608.3MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$4.08B$3.93B
LoansQ3 2020vs Q3 2019$3.10B$3.23B
DepositsQ3 2020vs Q3 2019$3.02B$3.02B
Equity CapitalQ3 2020vs Q3 2019$1.02B$854.2MM
Loan Loss AllowanceQ3 2020vs Q3 2019$483.0MM$514.2MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$75.7MM$143.2MM
Real Estate OwnedQ3 2020vs Q3 2019$0$0
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Merrick Bank CD Rates

0.70%$25k$250k24 Month CD
0.65%$25k$250k18 Month CD
0.55%$25k$250k12 Month CD
0.50%$25k$250k6 Month CD

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

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