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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 273rd largest bank in the nation. It was established in 1997 and as of March of 2019, it had grown to 314 employees at 1 location. Merrick Bank's CD rates are 3X the national average, and it has an A health rating.

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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.


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Health Grade Components

FDIC Certificate #34519
Year Established1997
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD6.24%
Return on Equity - YTD30.97%
Annual Interest Income$217.0MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$3.85B$3.35B
LoansQ1 2019vs Q1 2018$3.03B$2.76B
DepositsQ1 2019vs Q1 2018$2.99B$2.63B
Equity CapitalQ1 2019vs Q1 2018$800.2MM$679.4MM
Loan Loss AllowanceQ1 2019vs Q1 2018$487.8MM$466.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$140.3MM$123.8MM
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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Merrick Bank CD Rates

2.65%$25k-12 Month CD

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

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