The Community Reinvestment Act (CRA) is a federal law enacted in 1977 to promote fair access to credit within the local communities.
The CRA encourages federally insured banks to help meet the credit needs of the communities in which they do business, especially low and moderate income (LMI) communities, consistent with Safe and Sound operations. To ensure accountability, banks undergo periodic evaluations of these efforts, with the results made available to the public.
Bank of Utah received a rating of “Satisfactory” in its most recent CRA Performance Evaluation, which spans January 21, 2021, through April 25, 2023. The rating reflects the Bank’s commitment and responsiveness to the communities it serves.
A Legacy of Community Responsibility
Bank of Utah’s mission is to unlock the potential of its team members, clients, and community by acting with integrity, building trust through every interaction, exceeding expectations at every opportunity and responsibly creating lasting prosperity for generations. This is rooted in the values of its founder, Frank M. Browning, who established Bank of Utah in 1952 with the belief that community prosperity is a shared responsibility. Browning famously said, "As a member of the community, we owe it to the community to help out where we can."
"At Bank of Utah, we believe strong communities are built when we all do our part to support one another," said Ben Browning, CEO of Bank of Utah. "For more than 70 years, we have been committed to serving our communities, creating opportunities and investing in the people and places that make Utah a great place to live and work."