Bank of Utah
Bank of Utah Named a 2026 Best Company for Community Impact
Bank of Utah has been named one of Monitor’s 2026 Best Companies in the Community Impact category for its meaningful, statewide contributions to Utah communities throughout 2025. The bank earned this honor for its hands-on service, financial support and community partnerships, resulting in 2,000 employee volunteer hours, support for 76 nonprofit organizations statewide, $344 million in community development loans and over 30 employees serving on nonprofit and community boards in 2025.
Monitor’s annual Best Companies awards recognize lenders, service providers, associations, fintech enablers and other organizations within the equipment finance ecosystem that excel in Community Impact, Culture, Inclusion, Leadership or Innovation. Bank of Utah was recognized in the Community Impact category, which recognizes companies that make a difference by encouraging employees to devote time, talent and resources to causes that promote the welfare of their communities.
Bank of Utah Completes 777 Challenge at Ogden Giving Machines
Embracing the holiday spirit, Bank of Utah participated in Ogden’s “Light the World” Giving Machine campaign by completing the 777 Challenge. By purchasing one of every item available using the code “777,” Bank of Utah donated $1,320 to support individuals and families in need during the holiday season.
Members of Bank of Utah’s marketing team represented the bank at the Giving Machines in Ogden, purchasing one of each charity item available — including hygiene kits, meals, school supplies and livestock — to support a wide range of meaningful causes, including Catholic Community Services, YCC Family Crisis Center, Midtown Community Health, Ogden School Foundation and Weber School Foundation, along with several global organizations.
Bank of Utah Supports Santa Flight Benefiting Local Students
Bank of Utah was honored to support Angel Flight West’s annual Santa Flight, a tradition that brings communities together to share joy, generosity and hope with children in southern Utah and northern Arizona. Each year, volunteer pilots lift off with planes full of gifts and essentials, creating a holiday moment that reflects the true spirit of caring for our neighbors.
On Dec. 10, 2025, a group of 20 volunteer pilots from Angel Flight West’s Utah Wing departed from airports across the state and flew to Colorado City, Arizona. Their planes were filled with donated toys, warm clothing, backpacks, books and school supplies for roughly 500 students at Water Canyon Elementary in Hildale, Utah and Cottonwood Elementary in Colorado City.
KeyBank
KeyBank Arranges $43.4 Million for Permanent Supportive Housing in Salt Lake City
KeyBank Community Development Lending and Investment (CDLI) provided a $27.3 million construction loan on behalf of the Housing Authority of Salt Lake City (HASLC) to finance the rehabilitation and new construction of Permanent Supportive Housing and a subsidized apartment community in Salt Lake City. KeyBank’s Commercial Mortgage Group (CMG) also arranged permanent financing with a $16 million Freddie Mac 9% LIHTC forward commitment. The rehabilitation and new construction will consist of 218 units:
- Sunrise Metro: Renovation of existing 100-unit, 4-story structure with the addition of 18 new units to the 2nd floor
- Atkinson Stacks: New construction of 100-unit, 6-story structure
“We sincerely thank KeyBank for supporting this transformative project,” Daniel Nackerman, executive director of the HASLC, noted. “The new and renovated housing will offer safe, affordable homes along with essential services that uplift residents. By promoting community and stability, we are making notable progress toward improving lives and strengthening neighborhoods in Salt Lake City.”
