Utah’s financial services industry spans traditional banking, a nationally significant industrial bank charter system, and a fast-growing fintech sector building alongside it. EDCUtah connects the companies driving that growth to the sites, talent, and resources they need to expand here.
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Financial Services Industry Profile
Utah’s $1 Trillion Financial Services Industry
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Financial Services
Where Finance Meets Innovation
93,658
Financial services employees statewide (2025)
17
Active industrial banks, the most in the nation
6.9%
Financial services employment growth over five years
40k+
Consumer and commercial banking employees
#1
State for economic outlook, 19 years running (ALEC, 2026)
Utah’s Financial Services Advantages
Why Utah’s Financial Services Industry Stands Out
Established Financial Services
Utah has a deep base of financial-services companies spanning banking, investment management, wealth management, insurance, and other financial services. Major institutions have established significant operations along the Wasatch Front, creating a strong concentration of industry expertise and talent.
Industrial Banking
Utah’s industrial banks are a distinctive part of the state’s financial-services industry. The sector provides specialized banking expertise and creates connections between established financial institutions and emerging financial technologies.
Fintech & Technology
Utah’s established financial-services industry and strong technology sector provide a foundation for fintech growth. Industry, higher education, and technology companies are advancing financial technology across areas such as payments, lending, wealth management, and digital financial services.
What Sets Utah Apart
A Financial Services Industry Built for Growth
Insights from companies operating in Utah’s Financial Services industry
“We love living in and growing our business in Utah. Utah provides the perfect environment to grow a fintech company. Amazing people, a business-friendly environment, growth-oriented leadership, and a culture that values innovation make it possible to build something that can make a real difference."
Lloyd Roberts
Co-founder and Chief Revenue Officer of LoanPro
Explore Opportunities in Utah’s Financial Services Industry
Utah combines an established financial-services industry, specialized banking expertise, and a growing fintech sector. EDCUtah can provide comparative market data, support the expansion process, and connect companies with resources across the state.
