State Bank of Southern Utah (SBSU): Quick Guide to Accounts

State Bank of Southern Utah (SBSU): Overview

State Bank of Southern Utah, also known as SBSU, was founded in 1957 by community leaders in Cedar City in southern Utah. Since its first shareholder meeting at the Old Escalante Hotel in Cedar City, SBSU has grown significantly, expanding from its original headquarters to multiple communities across southern Utah. Today, SBSU operates branches in cities such as St. George, Hurricane, and Richfield, offering a wide range of banking services. Below is a summary of SBSU products and its customer service contacts.

History & Expansion

SBSU’s expansion starts with its 1957 founding in Cedar City, where local community leaders created the bank to keep banking decisions closer to the communities it served. From there, the bank grew across southern and central Utah, adding offices as it expanded beyond its original Cedar City base.

In 1999, SBSU completed a branch acquisition when it acquired the Richfield branch of Community First Bank, a smaller but notable step that helped expand its reach in the Richfield area.

A major modern milestone came in 2019, when Gunnison Valley Bank merged into State Bank of Southern Utah. Today, SBSU operates a regional branch network across southern and central Utah, reflecting decades of steady expansion beyond Cedar City into the surrounding communities it serves.

SBSU Products and Services

State Bank of Southern Utah (SBSU) offers a range of banking products for individuals and businesses, including checking accounts, savings options, certificates of deposit, credit cards, personal loans, mortgage-related loans, and business banking services. Below is a breakdown of the main products and services listed by SBSU.

SBSU is also included in Best Banks in Utah and Best Checking Accounts in Utah, where it is compared alongside other Utah-based options.

SBSU Checking Accounts

sbsu.com | Checking Accounts

SBSU High Interest

SBSU High Interest is a free checking option designed for customers who want their checking account to earn a higher interest rate when certain activity requirements are met.

SBSU Cash Back Checking

SBSU Cash Back Checking is a free checking option built around earning cash back on eligible debit card purchases when monthly activity requirements are met.

Read our full review of SBSU Cash Back Checking.

SBSU Eats Checking

SBSU Eats Checking is a free checking option focused on cash-back style rewards tied to select food delivery services and grocery-related purchases, with monthly activity requirements.

SBSU Play Checking

SBSU Play Checking is a free checking option that emphasizes cash-back style rewards related to select streaming categories, with monthly activity requirements.

Student Account

SBSU’s Student Account is a checking option built for students and young adults, with eligibility up to the 25th birthday. If the account holder is under 18, SBSU requires an adult joint owner, and the account rolls over to a standard account at age 25.

Other Linked Checking Options

Free Checking

Free Checking is SBSU’s basic everyday checking option, designed for simple banking needs like deposits, payments, and debit card spending.

Emerald Elite

Emerald Elite is an interest-bearing checking option with added account features beyond standard checking.

BIG Interest Checking

BIG Interest Checking is an interest-focused checking option for customers who want a checking account with earning potential when account requirements are met.

Classic 55 Checking

Classic 55 Checking is a checking option created for customers age 55 and older.

Savings Accounts

SBSU Saver

SBSU Saver is a savings option that can be paired with eligible SBSU checking accounts. It is designed for customers who want to set money aside while earning rewards when account requirements are met.

Savings Account

The Savings Account is SBSU’s standard savings option, built for everyday saving and basic deposit access.

Money Market Account

The Money Market Account is a savings-style account that SBSU continues to list among its deposit options, generally positioned for customers who want savings access with tiered earning potential.

Certificate of Deposit

A Certificate of Deposit is a time-based savings product for customers who want to set money aside for a fixed period.

Traditional IRA

The Traditional IRA is a retirement savings option listed by SBSU for long-term savings.

Roth IRA

The Roth IRA is another retirement savings option listed by SBSU, with tax treatment that differs from a Traditional IRA.

HSA

SBSU also lists an HSA, which is a savings account type commonly used with eligible high-deductible health plans.

SBSU Credit Cards

sbsu.com | Credit Cards

SBSU offers 2 consumer Visa credit cards: the Classic Low-Rate Visa Card and the Platinum Rewards Visa Card. The lineup is simple, with 1 card focused on lower-rate borrowing and 1 card focused on points-based rewards.

Classic Low Rate Card

The Classic Low-Rate Visa Card is SBSU’s simpler consumer credit card option, focused on straightforward borrowing rather than rewards.

• Annual fee: $0
• Welcome bonus: Not stated
• Intro offer: Not stated
• Rewards: None

Platinum Rewards Card

The Platinum Rewards Visa Card is SBSU’s rewards-focused consumer credit card for customers who want to earn points on eligible purchases.

• Annual fee: $0
• Welcome bonus: Not stated
• Intro offer: Not stated
• Rewards: 3 points at grocery stores, 2 points at gas stations, and 1 point on all other purchases

Personal Loans

Auto Loans

Auto Loans are SBSU’s consumer vehicle financing option for new or used vehicles.

ATV Loans

ATV Loans are designed for financing off-road and recreational vehicles.

Boats & RV Loans

Boats & RV Loans are designed for financing recreational vehicles such as boats, RVs, and travel trailers.

Unsecured Loan

The Unsecured Loan is SBSU’s personal loan option for borrowers who want financing without using collateral.

SBSU Mortgages

Home Loans

State Bank of Southern Utah groups its traditional mortgage lending under Home Loans, which is the main category for financing a primary residence. This can include common mortgage needs like buying a home, refinancing, and working with a lender to choose a structure that matches the borrower’s timeline and budget.

Residential Construction

For customers building a home, SBSU lists Residential Construction as a separate mortgage category. Construction lending usually follows the build process in phases, with financing tied to construction progress rather than a single upfront disbursement.

Home Equity (HELOC)

SBSU also offers a Home Equity Line of Credit (HELOC), which is commonly used as a flexible borrowing option secured by home equity. A HELOC is often positioned for projects or expenses where the borrower may want access to funds over time instead of all at once.

Home Equity Loan

In addition, SBSU lists a Home Equity Loan, which is typically a one-time, lump-sum loan secured by home equity. This option is often used when the borrower prefers a single fixed amount for a specific purpose rather than a revolving credit line.

Business Checking Accounts

State Bank of Southern Utah also offers business deposit accounts for companies, nonprofits, and other organizations. Its business checking lineup includes options for smaller businesses, higher-transaction businesses, interest-bearing checking, and money market checking.

Small Business Checking

Small Business Checking is SBSU’s business checking option for businesses, nonprofits, and community groups that want a simpler account structure.

Commercial Business Checking

Commercial Business Checking is designed for higher-transaction businesses and uses earnings credits to help offset eligible maintenance and activity fees.

Business Interest Checking

Business Interest Checking is SBSU’s interest-bearing business checking option for eligible business entities.

Business Money Market Checking

Business Money Market Checking is a business deposit option that can earn interest based on a tiered balance structure.

Conclusion

State Bank of Southern Utah (SBSU) was founded in 1957 in Cedar City and has grown from a local community bank into a regional institution serving communities across southern and central Utah. A key expansion milestone was the 2019 acquisition of Gunnison Valley Bank, which helped extend its presence in central Utah.

On the banking side, SBSU offers a broad mix of products, including consumer checking accounts, savings options, CDs, retirement savings accounts, health savings accounts, 2 consumer credit cards, personal loans, mortgage-related loans, and business checking accounts. From a Utah perspective, SBSU stands out as a regional bank with a footprint concentrated outside the Wasatch Front and a product lineup that covers many common personal and business banking needs.

Related Banks

Disclaimer:
This page is not affiliated with, maintained by, or sponsored by State Bank of Southern Utah (SBSU). The information provided in this overview may be outdated or inaccurate after the publication date. UtahFi does not assume responsibility for the accuracy of the content. The SBSU logo is a registered trademark of State Bank of Southern Utah.