These banks all reported apartment loans on their most recent federal call report, and all have at least one branch in Utah. Banks are the most common source of multifamily financing — five units and up, stabilised or value-add — and most lend close to their branches, so a lender with offices near your building is usually a better first call than a bigger name without them. Expect a bank to want recourse and, usually, a banking relationship; the capital guide compares the alternatives.
Banks Based in Utah, Largest Multifamily Books First
25 of 27 qualifying banks are headquartered in Utah. These are the lenders whose whole business is this market.
| # | Institution | Multifamily book | Share of investor CRE | Branches in UT | Contact |
|---|---|---|---|---|---|
| 1 | Amegy Bank | $3.56bn | 23.7% | 96 | Contact available |
| 2 | Optum Bank, Inc. | $2.05bn | 32.2% | 1 | Contact available |
| 3 | Morgan Stanley Bank, National Association | $701m | 7.6% | 1 | — |
| 4 | Sunwest Bank | $225m | 14.8% | 1 | Contact available |
| 5 | UBS Bank USA, National Association | $208m | 14.4% | 1 | — |
| 6 | SoFi Bank, National Association | $146m | 95.4% | 1 | Contact available |
| 7 | State Bank of Southern Utah | $102m | 10.2% | 17 | Contact available |
| 8 | Ally Bank | $98m | 2.8% | 1 | Contact available |
| 9 | Bank of Utah | $80m | 5.9% | 20 | Contact available |
| 10 | Cache Valley Bank | $62m | 5.3% | 24 | Contact available |
| 11 | Quill Bank | $54m | 16.9% | 8 | — |
| 12 | Central Bank (Utah) | $47m | 7.7% | 13 | Contact available |
| 13 | Transportation Alliance Bank, Inc. d/b/a TAB Bank | $46m | 15.4% | 1 | Contact available |
| 14 | Thrivent Bank | $26m | 18.9% | 1 | Contact available |
| 15 | Happen Bank, National Association | $22m | 9.5% | 1 | Contact available |
| 16 | BMW Bank of North America | $21m | 100.0% | 1 | Contact available |
| 17 | Brighton Bank | $18m | 17.4% | 6 | Contact available |
| 18 | First Utah Bank | $14m | 5.6% | 7 | Contact available |
| 19 | Column National Association | $11m | 13.5% | 1 | — |
| 20 | Grand Valley Bank | $10m | 14.7% | 4 | Contact available |
| 21 | WEX Bank | $8m | 100.0% | 1 | Contact available |
| 22 | Continental Bank | $5m | 51.9% | 1 | Contact available |
| 23 | Green Dot Bank DBA Bonneville Bank | $5m | 67.2% | 1 | Contact available |
| 24 | Home Savings Bank | $5m | 11.7% | 1 | Contact available |
| 25 | Redemption Bank | $4m | 19.9% | 1 | Contact available |
National Lenders With Branches in Utah
22 of 22 qualifying banks are headquartered elsewhere but have offices here. The multifamily figure is their national book, so read it alongside the branch count — a large book behind a handful of local offices is a different proposition from a bank with a branch network in the state.
| # | Institution | Multifamily book | Share of investor CRE | Branches in UT | Contact |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | $107.32bn | 64.9% | 46 | Contact available |
| 2 | Wells Fargo | $26.55bn | 25.6% | 72 | Contact available |
| 3 | US Bank | $14.46bn | 34.7% | 39 | Contact available |
| 4 | Columbia Bank | $10.27bn | 52.8% | 3 | Contact available |
| 5 | Bank of America | $8.46bn | 15.3% | 30 | Contact available |
| 6 | KeyBank | $5.44bn | 38.5% | 31 | Contact available |
| 7 | Mechanics Bank | $5.07bn | 72.1% | 1 | Contact available |
| 8 | WaFd Bank | $4.65bn | 51.3% | 9 | Contact available |
| 9 | Regions Bank | $3.88bn | 35.6% | 1 | Contact available |
| 10 | BMO Bank | $3.16bn | 15.3% | 5 | Contact available |
| 11 | Goldman Sachs Bank USA | $2.24bn | 16.7% | 2 | Contact available |
| 12 | UMB Bank | $1.72bn | 16.1% | 1 | Contact available |
| 13 | Axos Bank | $1.18bn | 21.8% | 1 | Contact available |
| 14 | Glacier Bank | $1.08bn | 12.0% | 35 | Contact available |
| 15 | Banner Bank | $1.03bn | 20.5% | 1 | Contact available |
| 16 | MidFirst Bank | $1.01bn | 15.3% | 1 | Contact available |
| 17 | Community Banks of Colorado | $300m | 10.5% | 7 | Contact available |
| 18 | D. L. Evans Bank | $60m | 12.0% | 7 | Contact available |
| 19 | Fortis Private Bank | $46m | 13.1% | 2 | Contact available |
| 20 | Banterra Bank | $29m | 4.0% | 1 | Contact available |
| 21 | Northwest Bank (Boise, ID) | $22m | 5.3% | 1 | Contact available |
| 22 | Bank of England | $2m | 7.1% | 1 | Contact available |
What this list is, and what it leaves out
A reported balance is not a credit box. Every bank here held apartment loans on 30 June 2026. That is evidence they lend on multifamily — better evidence than a marketing page, because it is what they actually hold — but it is not a commitment to lend on your deal, at your size, in your submarket.
More lenders exist than this page lists. 49 banks qualified in Utah. Credit unions, debt funds, agency lenders and life companies also finance apartments and none of them file this report, and plenty of banks lend on multifamily without publishing criteria anywhere. Running your deal through the search covers all of them, not just the banks on this page.
We hold a named lending contact for 44 of them.
Sources. FDIC Call Reports (30 June 2026) and the FDIC Summary of Deposits. A bank appears here if it reported a multifamily balance of $5m or more, or multifamily at 5% or more of its commercial real estate book, and has at least one branch in Utah. The dual test is deliberate: a flat dollar floor is a bank-size filter in disguise — a $25m floor passes 86.5% of banks over $10bn and 2.2% of banks under $300m — and would drop the community lenders most likely to look at a smaller apartment deal. Multifamily is the call report's own category for loans secured by five-or-more-unit residential property; it excludes one-to-four-unit rentals, which banks report separately. Multifamily book is institution-level and unprorated: no state split of the loan book is published, so a bank lending in several states shows its full multifamily book on every state page where it qualifies. That is why this page separates banks based in Utah from national lenders with branches here, rather than ranking them against each other on a national figure. Branch counts are offices in Utah from the Summary of Deposits. Contact availability refers to whether Lender Compass holds a named contact, not to anything the bank publishes.