Application Status

The following table is a listing of active applications submitted to our department and their current status. This table will be updated periodically as needed. The last update was done June 20, 2024.

New Charters

Institution:

Type:

Date Received:

Current Status:

Ford Credit Bank

Industrial Bank

7/22/22

Pending

Institution:

Type:

Date Received:

Current Status:

Thrivent Bank

Industrial Bank

2/19/21

Approved 6/14/24

Institution:

Type:

Date Received:

Current Status:

GM Financial Bank

Industrial Bank

12/11/20

Approved 6/14/24; Application Subsequently Withdrawn 6/19/24

Branch Approvals

Institution:

Branch:

Address:

Date Received:

Current Status:

Cache Valley Bank

Cedar City

26 N Main St, Cedar City, UT

4/26/24

Approved 5/2/24, Opening Pending

Institution:

Branch:

Address:

Date Received:

Current Status:

State Bank of Southern Utah

St. George

40 S 100 E, St. George UT

4/7/23

Approved 4/18/23, Opening Pending

Change of Control / Whole Bank Acquisition

Applicant:

Target Institution:

Date Received:

Current Status:

Cache Valley Banking Company

Liberty Bank, Inc.

2/22/24

Approved 4/18/24, Completed 4/22/24

Change of Control / Bank Merger

Applicant:

Target Institution:

Date Received:

Current Status:

Redemption Holding Company

Holladay Bank and Trust

2/20/24

Pending

Trust Powers

Institution:

Date Received:

Current Status:

BOU Trust Company

12/21/23

Approved 1/30/24, Opened 2/1/24