State Bank of Southern Utah

State Bank of Southern Utah is a community bank in southwestern Utah. Its corporate headquarters are located in Cedar City. It was established in 1957 and has 14 branches. The president is Eric Schmutz.[1]

As of March 2011, the bank holds approximately $550 million in deposits. Most of its lending is for land purchases and small-business loans. The vast majority of its mortgages are sold on to the Federal Housing Administration or Fannie Mae.[2]

References
  1. "State Bank announces Schmutz as new CEO". Southern Utah News. 2010-02-24.
  2. "Personal touch helps keep banks healthy". CNN. 2008-10-17. Retrieved 2008-10-28. Cite has empty unknown parameter: |coauthors= (help)


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