When looking at Utah banking institutions, you may be overwhelmed by all the choices. There are Utah commercial banks, as well as smaller hometown banks that could appeal to consumers. For the business owner, it's important to consider all the options to get the highest rates on savings and the lowest rates for loans.

Of course, stability and a history in the community are both important factors. Also consider convenience, with 24-hour access to your funds through e-banking and telephone inquiries. When considering Utah banking institutions, think about the following points.

1. Look for a Utah bank that is customer-focused and can work with you to make the most of your money.

2. Make sure the banks in Utah have a proven track record of working with businesses.

3. Read your bank statements carefully and make sure you understand all of your bank charges.

Action Steps
The best contacts and resources to help you get it done

Get a home loan from a Utah banking institution

A small hometown bank can be a good bet when you're looking for a home loan, construction loan or even a loan for a land purchase. When checking on Utah banks, don't overlook smaller banks, who may be more willing to go the extra mile for their customers.

I recommend: Heritage Savings Bank in St. George offers loans for mortgages, new construction and building lots as well as combination loans.

Find Utah commercial banking that will cater to all your business needs

You don't want to go here and there to accomplish banking in Utah. Wouldn't it be nice to find a bank to handle all your needs, personal and business? You can find a Utah bank that helps businesses become stronger, and wants to keep your business all at one bank. It doesn't hurt to ask for special deals on multiple accounts, especially when the bank is trying to earn your business.

I recommend: Zions Bank offers personal and commercial banking in Utah. One of the largest Utah banking institutions, Zions Bank has created a Business Resource Center to help Utah businesses succeed.

Utah commercial banking is reinventing the role of the bank

The west is a wide-open frontier for banking. Some Utah banks are providing more than just savings and checking accounts; they're dispensing business advice and targeting industries such as agribusiness or senior housing and care. A bank catering to businesses should have several different options, depending on your average balance, number of transactions and whether you are a sole proprietor or a corporation.

I recommend: Bank of the West offers small business and commercial banking products, as well as personal accounts. Check out all of their business account options before you make a decision.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Make sure your Utah banking information is secure, especially when you're going to bank online.