Ogden, Utah - May 1, 2013
On behalf of the Board of Directors and the management team of BOU Bancorp, Inc. and Bank of Utah, we are pleased to report on the Bank’s performance for the year ending December 31, 2012.
The Bank marked a year of strong financial performance in 2012. Our outstanding results are a particularly remarkable achievement against a backdrop of record low interest rates and an improving, yet still uncertain economy. Most American banks did well this year, but Bank of Utah continued to outshine and outperform its competing peer groups, including most of the banks in its market.
In addition to setting financial records, our exceptional team of employees dedicated themselves to building a dynamic set of Cultural Beliefs that focused on achieving the Bank’s Key Results. It was a year of team development that helped each member of our organization to understand more fully the Bank’s vision to “be the preeminent community bank in Utah.”
Below is a digital copy of the report, a hard copy can be supplied upon request.