Utah's industrial banks
The charters, the applicants and the regulators watching Utah's industrial-bank industry.
Background
Utah's industrial banks, explained
Utah charters most of the nation's industrial banks, and in 2026 regulators cleared banks for Ford, GM, Stellantis and Edward Jones while PayPal, Klarna and others wait.
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- Money & banking
Utah’s August tracker lists five pending industrial-bank applications
Utah’s Department of Financial Institutions lists five industrial-bank applications as pending in a tracker last updated August 21. Four other industrial-bank proposals show state approval but remain opening pending.