State Bank of Southern Utah
Encyclopedia
State Bank of Southern Utah is a community bank with branches located in southwestern Utah
. Its corporate headquarters is located in Cedar City. It was established in 1957 and has 14 branches. The president is Eric Schmutz, who replaced Ronald Heaton in 2010.
As of March 2011 the bank holds approximately $550 million in deposits, the majority of its lending is for land purchases and loans to small businesses. The vast majority of its mortgages are sold on to the Federal Housing Administration
or Fannie Mae
Branch Locations:
Cedar City (3), St. George (2), Santa Clara, Hurricane, Kanab, Orderville, Circleville
, Tropic, Parowan, Washington, Richfield
Utah
Utah is a state in the Western United States. It was the 45th state to join the Union, on January 4, 1896. Approximately 80% of Utah's 2,763,885 people live along the Wasatch Front, centering on Salt Lake City. This leaves vast expanses of the state nearly uninhabited, making the population the...
. Its corporate headquarters is located in Cedar City. It was established in 1957 and has 14 branches. The president is Eric Schmutz, who replaced Ronald Heaton in 2010.
As of March 2011 the bank holds approximately $550 million in deposits, the majority of its lending is for land purchases and loans to small businesses. The vast majority of its mortgages are sold on to the Federal Housing Administration
Federal Housing Administration
The Federal Housing Administration is a United States government agency created as part of the National Housing Act of 1934. It insured loans made by banks and other private lenders for home building and home buying...
or Fannie Mae
Branch Locations:
Cedar City (3), St. George (2), Santa Clara, Hurricane, Kanab, Orderville, Circleville
Circleville, Utah
Circleville is a town in Piute County, Utah, United States. The population was 505 at the 2000 census.-Geography:Circleville is located at ....
, Tropic, Parowan, Washington, Richfield