Hometown banking was established in southern Utah with the opening of State Bank of Southern Utah in 1957. Hometown banking is important because people who live and work in southern Utah make the decisions. Bank employees and officers understand the banking needs of area residents because they are affected by the same economic climate. State Bank of Southern Utah serves the banking needs of customers located in 14 branches throughout southern Utah. SBSU has experienced strong and steady growth since and today have more than $1.15 billion in assets with over 240 employees.
Benefits of banking with a local bank are:
State Bank of Southern Utah is Committed to our Communities
State Bank of Southern Utah (SBSU) prides itself on being active in the communities we serve. Employees are encouraged to be active participants in their communities. Our employees volunteer their time and knowledge to build up the community around them. Some of the ways SBSU serves the communities they live in are:
Reading Program
SBSU employees volunteered to help students at East Elementary learn how to read. Our employees were able to take time out of their day to go read with Mrs. Winiger′s 1st grade class. We had 20 employees volunteer throughout 11 weeks. Employees really enjoyed working with these kids and helped each child obtain their Golden Eagle reading award.
Community Reinvestment
SBSU invests in the community through providing lending options to small businesses, purchasing bonds to ensure that our communities can fund their economic growth, providing financial expertise to small business owners, and through providing technical assistance as directors for non-profit organizations. SBSU has put significant time and resources back into our communities in order to help sustain healthy and strong economic growth where we live.
Community Support
SBSU supports community organizations and events through donations and sponsorships. Decisions about how to allocate donations and sponsorships are made by a bank committee. In the past SBSU has contributed to the following categories: