Utah has a concentrated group of large commercial real estate bank lenders alongside smaller institutions with distinct portfolio mixes. The 25 banks in the ranking hold $62.2 billion in total CRE loans, including $6.6 billion in construction and land loans, $7.5 billion in multifamily loans, $19.0 billion in owner occupied loans and $29.1 billion in investor nonfarm nonresidential loans. BestCRE ranks these institutions by total CRE loans reported on schedule RC-C of the FDIC Call Reports as of June 30, 2026. The ranking covers banks headquartered in Utah and should be read as a measure of reported portfolio size, not as an evaluation of individual loan offers.
The complete Utah headquartered banking group includes 35 banks with $62.4 billion in CRE loans. Their combined CRE balances increased +6.9% year over year, while the top five held 79.7% of the group total. Those figures show why borrowers should look beyond rank alone. A large portfolio can indicate appetite and hold capacity, but loan mix, recent growth and concentration provide additional context about where each bank is active. Bank lending also remains relationship driven and local. A borrower should use the table to identify plausible lenders, then compare actual proposals based on the property, transaction and banking relationship under consideration.
Utah banks ranked by total CRE loans
| Rank | Bank | Headquarters | Total CRE loans ($M) | Construction and land ($M) | Multifamily ($M) | Owner occupied ($M) | Change, 1 year | CRE share of loans |
|---|---|---|---|---|---|---|---|---|
| 1 | Zions Bancorporation, N.A. | Salt Lake City, UT | $23,684 | $3,223 | $3,562 | $8,635 | +2.0% | 37.9% |
| 2 | Morgan Stanley Bank, N.A. | Salt Lake City, UT | $9,473 | $259 | $701 | $213 | +6.4% | 8.2% |
| 3 | Ally Bank | Sandy, UT | $7,995 | $519 | $98.0 | $4,527 | +18.5% | 5.6% |
| 4 | Optum Bank, Inc. | Draper, UT | $6,412 | $88.0 | $2,048 | $49.0 | +28.3% | 64.4% |
| 5 | Sunwest Bank | Sandy, UT | $2,181 | $183 | $225 | $656 | +2.6% | 62.0% |
| 6 | Celtic Bank | Salt Lake City, UT | $1,976 | $87.6 | $0.0 | $1,875 | +27.3% | 43.2% |
| 7 | Cache Valley Bank | Logan, UT | $1,798 | $464 | $61.9 | $628 | +6.9% | 66.2% |
| 8 | Bank of Utah | Ogden, UT | $1,652 | $443 | $80.3 | $301 | +6.6% | 55.7% |
| 9 | UBS Bank USA, N.A. | Salt Lake City, UT | $1,573 | $2.4 | $208 | $125 | -26.2% | 1.7% |
| 10 | State Bank of Southern Utah | Cedar City, UT | $1,340 | $313 | $102 | $340 | +5.4% | 69.6% |
| 11 | Central Bank | Provo, UT | $963 | $341 | $47.3 | $350 | -2.8% | 70.6% |
| 12 | Quill Bank | Provo, UT | $654 | $111 | $54.4 | $333 | +23.1% | 51.8% |
| 13 | Happen Bank, N.A. | Lehi, UT | $499 | $64.6 | $21.9 | $268 | +10.9% | 7.1% |
| 14 | First Utah Bank | Salt Lake City, UT | $463 | $73.5 | $14.0 | $214 | +1.1% | 72.9% |
| 15 | Transportation Alliance Bank, Inc. d/b/a TAB Bank | Ogden, UT | $309 | $172 | $46.2 | $8.7 | -5.1% | 24.7% |
| 16 | FinWise Bank | Murray, UT | $259 | $58.8 | $3.6 | $188 | -10.2% | 35.1% |
| 17 | Thrivent Bank | Salt Lake City, UT | $209 | $2.3 | $26.4 | $69.8 | -0.1% | 36.4% |
| 18 | Brighton Bank | Salt Lake City, UT | $171 | $44.6 | $17.6 | $70.4 | -0.8% | 79.7% |
| 19 | SoFi Bank, N.A. | Cottonwood Heights, UT | $164 | $0.0 | $146 | $11.0 | +12.1% | 0.4% |
| 20 | Column, N.A. | Salt Lake City, UT | $134 | $0.0 | $10.8 | $54.2 | -7.5% | 37.4% |
| 21 | Grand Valley Bank | Heber City, UT | $131 | $43.8 | $10.5 | $59.5 | +0.0% | 45.6% |
| 22 | Home Savings Bank | Salt Lake City, UT | $63.4 | $17.4 | $4.5 | $25.1 | +7.4% | 67.8% |
| 23 | Utah Independent Bank | Salina, UT | $62.6 | $27.2 | $0.8 | $27.8 | +32.0% | 51.7% |
| 24 | Milestone Bank | Salt Lake City, UT | $42.9 | $25.0 | $1.2 | $14.6 | +120.7% | 14.5% |
| 25 | Nelnet Bank | Draper, UT | $38.2 | $36.9 | $1.3 | $0.0 | +309.7% | 2.3% |
Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record. Table shows the top 25 of 35 banks headquartered in Utah.
Zions Bancorporation, N.A. leads with $23.7 billion in CRE loans and ranks 21 nationally. Its portfolio includes $8.6 billion of owner occupied loans and $8.3 billion of investor nonfarm nonresidential loans. Morgan Stanley Bank, N.A. has $9.5 billion, including $8.3 billion in investor nonfarm nonresidential loans, while Ally Bank has $8.0 billion, led by $4.5 billion of owner occupied loans. Optum Bank, Inc. reports $6.4 billion and the strongest growth among the leading banks at +28.3%, with $2.0 billion in multifamily loans and $4.2 billion in investor nonfarm nonresidential loans. Concentration also varies materially. Optum Bank, Inc. reports CRE equal to 64.4% of loans, while Morgan Stanley Bank, N.A. reports 8.2%. Sunwest Bank has an investor CRE to equity ratio of 3.70x, high relative to the other banks in the table.
Out of state banks with branches in Utah
| Bank | Headquarters state | Branches in Utah | Deposits in Utah ($M) | Total CRE loans, all states ($M) |
|---|---|---|---|---|
| Goldman Sachs Bank USA | New York | 2 | $194,087 | $13,518 |
| JPMorgan Chase Bank, N.A. | Ohio | 45 | $27,121 | $179,847 |
| Wells Fargo Bank, N.A. | South Dakota | 70 | $13,037 | $121,623 |
| U.S. Bank, N.A. | Ohio | 39 | $3,801 | $50,718 |
| KeyBank, N.A. | Ohio | 31 | $3,712 | $17,153 |
| Glacier Bank | Montana | 33 | $2,782 | $12,859 |
| Bank of America, N.A. | North Carolina | 29 | $1,207 | $79,906 |
| WaFd Bank | Washington | 9 | $545 | $10,190 |
| NBH Bank | Colorado | 7 | $418 | $4,089 |
| BMO Bank, N.A. | Illinois | 5 | $324 | $28,802 |
| UMB Bank, N.A. | Missouri | 1 | $319 | $15,713 |
| Axos Bank | California | 1 | $162 | $5,610 |
Source: FDIC Summary of Deposits 2026. Deposits and branches are for Utah only; CRE loans are bank wide.
Portfolio size is the starting point for a lender search
Total CRE loans offer a practical first screen because a larger book can indicate greater appetite and hold capacity. Borrowers can begin with institutions that already carry meaningful exposure to the relevant property category, then ask whether the bank is considering comparable transactions. Growth adds another useful signal. A rising balance shows that a bank added CRE loans on a net basis over the reported period, while a decline shows contraction. Neither result establishes whether a bank will approve a particular request.
The ranking should support a broad search rather than determine the final call list by itself. Borrowers should compare several institutions because bank lending is relationship driven and local. Headquarters, portfolio size, asset mix, growth and concentration all provide context, but none describes current pricing, structure or credit decisions. Benchmark rates also frame the financing environment. As of Oct 26, 2026, the Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.78%, the 10 year Treasury was 4.96% and Fed funds was 3.88%.
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The four portfolio categories distinguish construction and land, multifamily, owner occupied real estate and investor nonfarm nonresidential loans. Cache Valley Bank reports $464.4 million in construction and land loans within a $1.8 billion CRE portfolio. Celtic Bank reports $1.9 billion in owner occupied loans within a $2.0 billion total, while SoFi Bank, N.A. reports $145.9 million in multifamily loans within a $164.0 million CRE book. These differences help borrowers identify banks whose reported portfolios align with a transaction type.
Concentration measures add context to portfolio size. Brighton Bank reports CRE equal to 79.7% of total loans, compared with 0.4% at SoFi Bank, N.A. Investor CRE to equity ranges from 0.02x at SoFi Bank, N.A. to 3.70x at Sunwest Bank among the ranked institutions. A high ratio relative to other banks in the table can signal that an institution will be selective about additional exposure. It does not show the terms, availability or likely outcome of any individual application.
Borrowers have additional bank and nonbank options
This ranking covers banks headquartered in Utah, not every bank serving Utah borrowers. Banks headquartered elsewhere also operate local branches. Goldman Sachs Bank USA has 2 Utah branches and $194.1 billion in deposits in the state. JPMorgan Chase Bank, N.A. has 45 branches and $27.1 billion in deposits, while Wells Fargo Bank, N.A. has 70 branches and $13.0 billion. Their reported total CRE loans across all states are $13.5 billion, $179.8 billion and $121.6 billion, respectively.
Other out of state banks with Utah branches include U.S. Bank, N.A., KeyBank, N.A., Glacier Bank, Bank of America, N.A., WaFd Bank, NBH Bank, BMO Bank, N.A., UMB Bank, N.A. and Axos Bank. Borrowers may also compare debt funds, life companies, CMBS, agency and SBA lenders, none of which appears in bank call reports. Comparing several bank and nonbank sources helps borrowers assess available structures for a specific transaction instead of treating reported portfolio size as a complete measure of financing availability.
Frequently Asked Questions
How does BestCRE calculate the Utah bank ranking?
BestCRE ranks banks headquartered in Utah by total commercial real estate loans reported in FDIC Call Reports, formally called Reports of Condition and Income. The figures come from schedule RC-C and are dated June 30, 2026. Deposit and branch information comes from the FDIC Summary of Deposits 2026. The CRE total combines reported construction and land, multifamily, owner occupied, and investor nonfarm nonresidential balances. The table ranks 25 institutions. It does not score loan pricing, underwriting, service or approval probability, because those items are not reported in the cited FDIC data.
How much CRE lending do Utah headquartered banks report?
The 35 banks headquartered in Utah report $62.4 billion in total commercial real estate loans as of June 30, 2026. Their combined CRE balance changed +6.9% year over year. The ranked table contains 25 banks and $62.2 billion, so it covers most of the reported balance while excluding institutions outside the displayed ranking. For broader context, all 4,167 banks in the national comparison report $3.07 trillion in CRE loans. These are balance sheet totals reported through the FDIC Call Report system, not a measure of Utah property originations alone.
What does year over year CRE growth tell a borrower?
Year over year change shows whether a bank’s reported CRE portfolio expanded or contracted, but it does not explain the cause or predict a future credit decision. Ally Bank increased +18.5%, Celtic Bank increased +27.3% and Quill Bank increased +23.1%. UBS Bank USA, N.A. declined -26.2%, FinWise Bank declined -10.2% and Column, N.A. declined -7.5%. Borrowers can use the direction of change as one screening factor, while recognizing that total balances can move differently across construction, multifamily, owner occupied and investor nonfarm nonresidential categories.
What does a bank’s national rank mean?
National rank compares each institution’s total CRE loans with the other banks in the FDIC Call Report population. Zions Bancorporation, N.A. ranks 21 nationally with $23.7 billion in CRE loans. Morgan Stanley Bank, N.A. ranks 59 with $9.5 billion, and Ally Bank ranks 69 with $8.0 billion. The national position describes balance sheet scale only. It does not establish that a bank is a better fit for a particular property, borrower or transaction, and it does not compare current pricing, terms or credit standards.
Why is the top five share important?
The top five Utah headquartered banks hold 79.7% of CRE loans reported by the state’s headquartered banking group. That concentration means the leading institutions account for most of the market total, but smaller banks can still have portfolios that are highly focused on CRE. State Bank of Southern Utah reports CRE equal to 69.6% of total loans, Central Bank reports 70.6% and First Utah Bank reports 72.9%. A borrower can therefore use total size and portfolio concentration together, since they describe different aspects of a bank’s reported exposure.
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BestCRE rankings are editorially independent and built only from public regulatory filings; no bank pays for placement. Call report figures describe loans held on each bank’s balance sheet and do not show loan terms, rates or current appetite. BestCRE is not a lender and does not make loans. Benchmark rates are informational, not quotes. See our Legal Disclaimer and Compensation Disclosure.