People’s Utah Bancorp Completes Acquisition of Utah Branches of Banner Bank

People’s Utah Bancorp Completes Acquisition of Utah Branches of Banner Bank

On October 9, 2017, People’s Utah Bancorp, the bank holding company of People’s Intermountain Bank, announced that it completed the acquisition of $250 million in loans and seven branch offices, along with $165 million in deposits, from Banner Bank. The seven branch offices acquired are located in Salt Lake City, Provo, South Jordan, Woods Cross, Orem, Salem, and Springville. The Woods Cross and Orem branch offices have successfully been consolidated into the existing Bank of American Fork branch offices in Bountiful and Orem. The remaining five branch offices will operate under the name of Bank of American Fork, a division of PIB.

People’s Utah Bancorp Announces Completion of the Merger of Town & Country Bank

On November 13, 2017, People’s Utah Bancorp, the bank holding company of People’s Intermountain Bank, announced that it completed the merger of Town & Country Bank, Inc. People’s Intermountain Bank will consolidate its existing Bank of American Fork branch office in St. George into Town & Country Bank’s branch office, and will operate under the name of People’s Town & Country Bank. With the completion of this transaction, People’s Utah Bancorp expects total assets to be in excess of $2.1 billion.

With the completion of these two transactions, People’s Intermountain Bank will have 25 branch locations in Utah, from Lewiston to St. George.