State Bank of Southern Utah
From Wikipedia, the free encyclopedia
 | |
| Industry | Banking |
|---|---|
| Headquarters | Cedar City, Utah |
Number of locations | 17 |
Area served | Southern and Central Utah |
| Products | Financial Services |
Number of employees | (250+) |
| Website | sbsu.com |
State Bank of Southern Utah is a community bank that services Southern Utah and is headquartered in Cedar City. Founded in 1957, the bank operates 17 branches[1] across 14 cities and towns in Southern and Central Utah. It is the only locally owned and operated bank in Southern Utah and is a member of the Utah Bankers Association,[2] the American Bankers Association, and the Federal Deposit Insurance Corporation. The president and CEO is Trevor Andersen as of January 2025.[3]
The company offers a wide range of banking products and services including: personal banking, business banking, home loans, consumer and personal loans, commercial lending, and personal trusts and investments.
Their focus is in lending to the small businesses and individuals in their communities. The vast majority of its mortgages are sold on to the Federal Housing Administration or Fannie Mae.[4]
