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	<title>Accordia Bank | UtahFi</title>
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		<title>Accordia Bank Review: History, Accounts, Loans &#038; Services</title>
		<link>https://utahfi.com/institutions/accordia-bank/</link>
		
		<dc:creator><![CDATA[UtahFi Editorial]]></dc:creator>
		<pubDate>Tue, 25 Aug 2026 22:30:08 +0000</pubDate>
				<category><![CDATA[Institutions]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Accordia Bank]]></category>
		<category><![CDATA[Local Banks]]></category>
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<p>The post <a rel="nofollow" href="https://utahfi.com/institutions/accordia-bank/">Accordia Bank Review: History, Accounts, Loans &#038; Services</a> appeared first on <a rel="nofollow" href="https://utahfi.com">UtahFi</a>.</p>
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										<content:encoded><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix"></span> <span class="rt-time"> 7</span> <span class="rt-label rt-postfix">minutes read · </span></span><div class="et_pb_section et_pb_section_0 et_section_regular" >
				
				
				
				
				
				
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				<div class="et_pb_text_inner"><h2>Accordia Bank : Overview</h2>
<p class="p1"><strong><span class="s1"><a href="https://accordia.bank/?utm_source=utahfi.com&amp;utm_medium=article&amp;utm_campaign=overview" target="_blank" rel="noopener"><img loading="lazy" decoding="async" class="wp-image-6869 alignleft size-full" src="https://utahfi.com/wp-content/uploads/2026/06/accordia-bank-144.png" alt="Accordia Bank" width="144" height="144" /></a>Accordia Bank</span></strong>, formerly known as <strong><span class="s1">CCBank</span></strong>, is a <strong><span class="s1">community bank founded in 1993 in Orem, Utah</span></strong>, originally under the name <strong><span class="s1">Orem Community Bank</span></strong>. In <strong><span class="s1">August 2026</span></strong>, CCBank became Accordia Bank as part of a broader rebrand designed to reflect the institution’s growth and unify the bank and mortgage businesses under the Accordia name. Its main office is in <strong><span class="s1">Pleasant Grove</span></strong>, and it serves individuals, families, and businesses through branches in <strong><span class="s1">Utah, Salt Lake, and Washington counties</span></strong>. Its footprint remains focused on Utah rather than a broader multi-state branch network.</p></div>
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					<li class="et_pb_tab_0 et_pb_tab_active"><a href="#">Website</a></li><li class="et_pb_tab_1"><a href="#">Telephone</a></li><li class="et_pb_tab_2"><a href="#">Headquarters</a></li><li class="et_pb_tab_3"><a href="#">Branches</a></li>
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				<div class="et_pb_tab_content"><p><a href="https://accordia.bank/?utm_source=utahfi.com&amp;utm_medium=article&amp;utm_campaign=overview" target="_blank" rel="noopener">accordia.bank</a></p></div>
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				<div class="et_pb_tab_content"><p><strong>CCBank Customer Service</strong></p>
<p><a href="tel:8017635066">1-801-763-5066</a></p>
<p><strong>Monday-Friday</strong> 9 a.m. to 5 p.m.</p></div>
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				<div class="et_pb_tab_content"><p><strong>Accordia Bank: Corporate Office</strong><br /><a href="https://maps.app.goo.gl/2uGJekhj1V11qoAn7" target="_blank" rel="noopener">1835 W. State Street</a><br /><a href="https://maps.app.goo.gl/2uGJekhj1V11qoAn7" target="_blank" rel="noopener">Pleasant Grove, UT 84062</a></p></div>
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				<div class="et_pb_tab_content"><p class="p1"><strong><span class="s1">Cities where Accordia Bank operates:</span> </strong></p>
<p class="p1">Orem, <strong>Pleasant Grove</strong>, Provo, Salem, Sandy, Spanish Fork, St. George.</p></div>
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				<div class="et_pb_text_inner"><h2>Expansion</h2>
<p class="p1"><strong><span class="s1">Accordia Bank began in 1993 in Orem, Utah</span></strong>, and has grown from a single local office into a broader Utah branch network. Its locations now include <strong><span class="s1">Orem, Provo, Pleasant Grove, Salem, Sandy, St. George, and Spanish Fork</span></strong>, showing a growth path that has remained focused within Utah rather than outside the state.</p>
<p class="p1">Its expansion has also gone beyond physical branches. <a href="https://limelightbank.com/" target="_blank" rel="noopener"><strong><span class="s1">Limelight Bank</span></strong></a>, the bank’s <strong><span class="s1">online division</span></strong>, reflects its move into digital banking through an online-only brand focused on <strong><span class="s1">certificates of deposit (CDs)</span></strong>. That gives the institution a broader reach on the deposit side while keeping its branch network centered in Utah.</p>
<p class="p1">In <strong><span class="s1">2024</span></strong>, the bank acquired <strong><span class="s1">Security Home Mortgage</span></strong>, strengthening its home-lending capabilities. In <strong><span class="s1">2025</span></strong>, it announced a new <strong><span class="s1">full-service branch in Spanish Fork</span></strong> and plans for a future <strong><span class="s1">flagship branch in Orem</span></strong> that will replace the existing Orem location.</p>
<p class="p1">In <strong><span class="s1">August 2026</span></strong>, CCBank became <strong><span class="s1">Accordia Bank</span></strong>, while Security Home Mortgage became <strong><span class="s1">Accordia Mortgage</span></strong>. The rebrand brought the bank and mortgage businesses under a shared Accordia identity as the organization continued to grow.</p>
<p class="p1">Together, these developments show that Accordia Bank has expanded through <strong><span class="s1">branches, digital deposits, and mortgage lending</span></strong> while keeping its footprint centered in Utah.</p></div>
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				<div class="et_pb_text_inner"><h2><strong>Personal Banking</strong></h2>
<p><div id="attachment_6882" style="width: 1010px" class="wp-caption aligncenter"><img fetchpriority="high" decoding="async" aria-describedby="caption-attachment-6882" class="wp-image-6882 size-full" src="https://utahfi.com/wp-content/uploads/2026/08/accordia-bank-checking-accounts.webp" alt="Accordia Bank personal checking account webpage" width="1000" height="668" srcset="https://utahfi.com/wp-content/uploads/2026/08/accordia-bank-checking-accounts.webp 1000w, https://utahfi.com/wp-content/uploads/2026/08/accordia-bank-checking-accounts-300x200.webp 300w, https://utahfi.com/wp-content/uploads/2026/08/accordia-bank-checking-accounts-768x513.webp 768w" sizes="(max-width: 1000px) 100vw, 1000px" /><p id="caption-attachment-6882" class="wp-caption-text">accordia.bank | Personal Checking</p></div></p>
<p class="p1">Accordia Bank’s <strong><span class="s1">personal banking</span></strong> lineup is built around the main deposit products many customers look for in a community bank. Its visible consumer accounts include <strong><span class="s1">checking, savings, money market accounts, and CDs</span></strong>, giving customers options for everyday banking, short-term savings, and longer-term deposits. Rather than offering an overly large product menu, the bank appears to focus on a smaller group of core account types supported by online and mobile banking tools. Its deposits are FDIC-insured. You can also read more about <strong><a href="https://utahfi.com/information/fdic-insurance-utah-bank-customers/">what FDIC Insurance means for Utah bank customers.</a></strong></p></div>
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				<div class="et_pb_text_inner"><h3><b>Checking Accounts</b></h3>
<p class="p3">Accordia Bank’s personal checking lineup appears to center on <span class="s2"><b>2 main options</b></span>: <strong><span class="s2">Personal Manager Checking</span> </strong>and <strong><span class="s2">Personal Manager Plus Checking</span></strong>. At a high level, these accounts look closely related, with <span class="s2"><b>Personal Manager Plus Checking</b></span> serving as the higher-balance version for customers who want to earn more from their checking relationship. You can also read more about <strong><a href="https://utahfi.com/information/what-you-need-to-open-a-checking-account-in-utah/">what you need to open a checking account in Utah</a>.</strong></p>
<h4 class="p4"><b>Personal Manager Checking</b></h4>
<p class="p3">A standard personal checking account designed for everyday banking.</p>
<ul>
<li><strong>Monthly fee: $0</strong></li>
<li><b>Minimum opening deposit: $25</b></li>
<li><span class="s1">Includes an </span><b>Accordia Bank Mastercard debit card</b></li>
</ul>
<h4 class="p4"><b>Personal Manager Plus Checking</b></h4>
<p class="p3">A higher-balance checking account for customers who want interest-earning potential in their everyday account.</p>
<ul>
<li><strong>Monthly fee: $0</strong></li>
<li><b>Minimum opening deposit: $25</b></li>
<li>Requires a <span class="s1"><b>$5,000 minimum balance</b></span> to earn the listed APY</li>
</ul></div>
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				<div class="et_pb_text_inner"><h3><b>Savings Accounts</b></h3>
<p class="p3">Accordia Bank’s savings side includes both a <strong><span class="s2">traditional savings option</span></strong> and a <strong><span class="s2">money market account</span></strong>, giving customers more than 1 way to hold funds outside checking. The savings account is positioned as the simpler option for building reserves, while the money market account is designed for customers who want <strong><span class="s2">higher balances, tiered returns, and more flexible access</span></strong> to their funds.</p>
<h4 class="p4"><b>High-Yield Savings</b><b></b></h4>
<p class="p3">A savings account designed for customers who want to earn interest without locking funds into a fixed term.</p>
<ul>
<li class="p1"><b>Monthly fee: $0</b><b></b></li>
<li class="p1"><b>Minimum opening deposit: $100</b></li>
</ul>
<h4 class="p4"><b>Money Market Account</b><b></b></h4>
<p class="p3">A deposit account designed for customers who want a blend of liquidity and higher returns.</p>
<ul>
<li class="p1"><strong>Monthly fee: $0</strong><b></b></li>
<li class="p1"><b>Minimum opening deposit: $1,000</b><b></b></li>
<li class="p1"><span class="s1">Offers </span><b>tiered interest rates</b><b></b></li>
<li class="p1"><span class="s1">Includes </span><b>check-writing flexibility</b><b></b></li>
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				<div class="et_pb_text_inner"><h3>Certificates of Deposit (CDs)</h3>
<p class="p1">Accordia Bank also offers <strong><span class="s1">certificates of deposit (CDs)</span></strong> for customers who want a fixed-term deposit option rather than keeping all savings in checking or money market accounts. Its visible CD lineup includes terms ranging from <strong><span class="s1">6 months to 60 months</span></strong>, giving customers several time-based savings options within the bank’s broader deposit mix. Other <strong><span class="s1">online CD options</span></strong> are also available through <a href="https://limelightbank.com/" target="_blank" rel="noopener"><strong><span class="s1">Limelight Bank</span></strong></a>, which Accordia Bank lists among its subsidiary companies.<span class="Apple-converted-space">  </span></p>
<ul>
<li class="p1"><strong>Monthly fee: $0</strong><b></b></li>
<li class="p1"><b>Minimum opening deposit: $1,000</b><b></b></li>
<li class="p1"><span class="s1">Available in terms of </span><b>6, 12, 18, 24, 36, and 60 months</b><b></b></li>
<li class="p1"><span class="s1">Offers a </span><b>fixed rate for the selected term</b><b></b></li>
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				<div class="et_pb_text_inner"><h2><strong>Business Banking</strong></h2>
<p class="p3">Accordia Bank’s <strong><span class="s2">business banking</span></strong> services are designed for companies that need both deposit accounts and financing support from a local bank. Its business lineup includes <strong><span class="s2">business checking, business savings, money market accounts, commercial loans, SBA loans, and treasury-related services</span></strong>, giving it a broader role than a bank focused only on basic deposits.</p>
<h3 class="p4"><b>Business Deposit Accounts</b><b></b></h3>
<p class="p3">Accordia Bank’s visible business deposit accounts include <span class="s2"><b>Business Manager Checking</b></span>, <span class="s2"><b>Business Savings</b></span>, and <span class="s2"><b>Business Manager Connect</b></span>. Together, these accounts give businesses options for everyday operating funds, reserve balances, and higher-liquidity cash management.</p>
<h4 class="p4"><b>Business Manager Checking</b><b></b></h4>
<p class="p3">This is Accordia Bank’s business checking account for day-to-day company banking.</p>
<h4 class="p4"><b>Business Savings</b><b></b></h4>
<p class="p3">Accordia Bank also offers <span class="s2"><b>Business Savings</b></span> for businesses that want to keep reserve funds in a separate deposit account.</p>
<h4 class="p4"><b>Business Manager Connect</b><b></b></h4>
<p class="p3">This account appears to function as a <span class="s2"><b>business money market account</b></span>, giving businesses a way to manage larger balances with more liquidity.</p>
<h3>Business Loans</h3>
<h4 class="p4"><b>Commercial Loans</b><b></b></h4>
<p class="p3">On the lending side, Accordia Bank provides <strong><span class="s2">commercial and industrial loans</span></strong> for businesses that need financing for operations, growth, equipment, or other business needs.</p>
<h4 class="p4"><b>SBA Loans</b><b></b></h4>
<p class="p3">The bank also offers <strong><span class="s2">SBA 7(a)</span> and <span class="s2">SBA 504 loans</span></strong>, which are commonly used by small businesses for expansion, equipment, real estate, and other longer-term financing needs.</p>
<h4 class="p4"><b>Business Services</b><b></b></h4>
<p class="p3">In addition to accounts and loans, Accordia Bank highlights services such as <strong><span class="s2">ACH</span>, <span class="s2">merchant services</span>, and <span class="s2">online and mobile banking</span>,</strong> which help businesses manage payments and day-to-day money movement.</p>
<p class="p3">Taken together, these products show that Accordia Bank’s business banking platform is built to serve not only basic deposit needs, but also the financing and operational needs of small and midsize businesses in Utah.</p></div>
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				<div class="et_pb_text_inner"><h3><b>Home Loans</b></h3>
<p><div id="attachment_6884" style="width: 1010px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-6884" class="wp-image-6884 size-full" src="https://utahfi.com/wp-content/uploads/2026/08/accordia-bank-mortgages.webp" alt="Accordia Mortgage home lending webpage" width="1000" height="520" srcset="https://utahfi.com/wp-content/uploads/2026/08/accordia-bank-mortgages.webp 1000w, https://utahfi.com/wp-content/uploads/2026/08/accordia-bank-mortgages-300x156.webp 300w, https://utahfi.com/wp-content/uploads/2026/08/accordia-bank-mortgages-768x399.webp 768w" sizes="(max-width: 1000px) 100vw, 1000px" /><p id="caption-attachment-6884" class="wp-caption-text">accordia.bank | Accordia Mortgage</p></div></p>
<p class="p1">Accordia Bank’s <strong><span class="s1">home lending</span></strong> platform includes services offered through <a href="https://accordia.bank/mortgage/?utm_source=utahfi.com&amp;utm_medium=article&amp;utm_campaign=overview" target="_blank" rel="noopener"><strong><span class="s1">Accordia Mortgage</span></strong></a>, formerly known as Security Home Mortgage. Alongside that mortgage platform, the bank also highlights <strong><span class="s1">HELOCs</span></strong> and <strong><span class="s1">Construction &amp; Lot Loans</span></strong>, showing that its home-finance offering goes beyond a basic mortgage page.</p>
<h4 class="p3"><b>Mortgage Loans</b></h4>
<p class="p1">Accordia Bank’s mortgage lending is presented through <span class="s1"><b>Accordia Mortgage</b></span>, which supports the bank’s broader home-finance platform for borrowers looking to purchase a home.</p>
<h4 class="p3"><b>Refinance Options</b></h4>
<p class="p1">The bank’s mortgage platform also supports <strong><span class="s1">refinancing</span></strong>, making it relevant for homeowners who want to replace or update an existing home loan.</p>
<h4 class="p3"><b>Home Equity Line of Credit (HELOC)</b></h4>
<p class="p1">Accordia Bank offers a <strong><span class="s1">HELOC</span></strong> for homeowners who want to borrow against available equity while keeping flexible access to funds.</p>
<h4 class="p3"><b>Construction &amp; Lot Loans</b></h4>
<p class="p1">The bank also lists <strong><span class="s1">Construction &amp; Lot Loans</span></strong> for customers financing a home build, land purchase, or related project.</p></div>
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				<div class="et_pb_text_inner"><h2><b>Conclusion</b></h2>
<p class="p1">Accordia Bank, formerly known as CCBank, is a <strong><span class="s1">Utah community bank</span></strong> with roots going back to <strong><span class="s1">1993</span></strong> in <strong><span class="s1">Orem</span></strong>. Over time, it has grown from a single local office into a broader Utah institution with branches in multiple parts of the state while maintaining a footprint centered on Utah.</p>
<p class="p1">Its overall product mix reflects that community-bank role. On the personal side, Accordia Bank offers <strong><span class="s1">checking accounts, savings, money market accounts, and CDs</span></strong>. It also participates in lending through <strong><span class="s1">home-equity products, mortgage lending through Accordia Mortgage, and construction-related financing</span></strong>. On the business side, the bank provides <strong><span class="s1">business deposit accounts, commercial lending, and SBA-related services</span></strong> for local companies.</p>
<p class="p1">Overall, Accordia Bank operates as a <strong><span class="s1">full-service community bank</span></strong> serving both households and businesses across its Utah footprint.</p></div>
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				<div class="et_pb_text_inner"><p><strong>Disclaimer:</strong><br />This page is not affiliated with, maintained by, or sponsored by Accordia Bank (formerly known as CCBank). 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 logo is a registered trademark of <strong>Accordia Bank.</strong></p></div>
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<p>The post <a rel="nofollow" href="https://utahfi.com/institutions/accordia-bank/">Accordia Bank Review: History, Accounts, Loans &#038; Services</a> appeared first on <a rel="nofollow" href="https://utahfi.com">UtahFi</a>.</p>
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		<title>Utah Financial News Weekly Roundup: August 17–23, 2026</title>
		<link>https://utahfi.com/insights/news/utah-financial-news-august-17-23-2026/</link>
		
		<dc:creator><![CDATA[UtahFi Editorial]]></dc:creator>
		<pubDate>Mon, 24 Aug 2026 22:09:36 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Accordia Bank]]></category>
		<category><![CDATA[Utah Financial News]]></category>
		<guid isPermaLink="false">https://utahfi.com/?p=6757</guid>

					<description><![CDATA[<p><span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix"></span> <span class="rt-time"> 3</span> <span class="rt-label rt-postfix">minutes read · </span></span></p>
<p>The post <a rel="nofollow" href="https://utahfi.com/insights/news/utah-financial-news-august-17-23-2026/">Utah Financial News Weekly Roundup: August 17–23, 2026</a> appeared first on <a rel="nofollow" href="https://utahfi.com">UtahFi</a>.</p>
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										<content:encoded><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix"></span> <span class="rt-time"> 3</span> <span class="rt-label rt-postfix">minutes read · </span></span><div class="et_pb_section et_pb_section_1 et_section_regular" >
				
				
				
				
				
				
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				<div class="et_pb_text_inner"><p class="p1">In <span class="s1"><b>Utah Financial News August 17 23, 2026</b></span>, we look at these developments and what they mean for Utah’s changing financial landscape, from the growth of local and regional banking operations to continued investment in Utah-based financial technology.</p>
<p>This week’s roundup covers several notable developments across Utah’s banking and fintech sectors:</p>
<ul>
<li>CCBank completed its transition to <strong>Accordia Bank</strong>,</li>
<li><strong>Columbia Bank</strong> continued expanding its Wasatch Front presence with a new Draper location</li>
<li>Lehi-based <strong>Weave</strong> agreed to a $650 million acquisition by Francisco Partners.</li>
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				<div class="et_pb_text_inner"><h2 data-pm-slice="1 1 &#091;&#093;">CCBank Becomes Accordia Bank</h2>
<p><a href="https://utahfi.com/institutions/accordia-bank/"><img loading="lazy" decoding="async" class="wp-image-6894 alignleft size-full" src="https://utahfi.com/wp-content/uploads/2026/01/accordia-bank-50.png" alt="Accordia Bank" width="50" height="50" /></a>Utah-based <strong>CCBank officially became Accordia Bank on August 17</strong>, completing a rebrand announced earlier this summer. The bank’s mortgage subsidiary, Security Home Mortgage, also became Accordia Mortgage as the two businesses moved under the same brand.</p>
<p>The change is a rebrand rather than a sale, merger, or acquisition. Accordia says customers’ account numbers, routing numbers, cards, checks, online banking credentials, and automatic payments remain unchanged. The bank also continues under the same leadership and local ownership.</p>
<p>Accordia Bank maintains banking locations in <strong>Orem, Pleasant Grove, Provo, Salem, Sandy, Spanish Fork, and St. George</strong>, along with its corporate office in Pleasant Grove.</p>
<p>For more information about the institution, see UtahFi’s <a href="https://utahfi.com/institutions/accordia-bank/"><strong>Accordia Bank </strong></a>profile.</p>
<p><strong>Source:</strong> <a href="https://accordia.bank/banking/about/rebrand" target="_blank" rel="noopener">Accordia Bank — CCBank Rebrand</a></p>
<p>&nbsp;</p></div>
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				<span class="et_pb_image_wrap "><img loading="lazy" decoding="async" width="800" height="147" src="https://utahfi.com/wp-content/uploads/2026/05/utah-divider-ski-mountains.webp" alt="Utah ski mountain divider illustration with snowy peaks and ski lifts" title="Utah Ski Mountains Divider" srcset="https://utahfi.com/wp-content/uploads/2026/05/utah-divider-ski-mountains.webp 800w, https://utahfi.com/wp-content/uploads/2026/05/utah-divider-ski-mountains-300x55.webp 300w, https://utahfi.com/wp-content/uploads/2026/05/utah-divider-ski-mountains-768x141.webp 768w" sizes="(max-width: 800px) 100vw, 800px" class="wp-image-4835" /></span>
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				<div class="et_pb_text_inner"><h2 data-pm-slice="1 1 &#091;&#093;">Columbia Bank Expands Its Utah Presence With Draper Branch</h2>
<p><strong><a href="https://utahfi.com/institutions/columbia-bank/"><img loading="lazy" decoding="async" class="wp-image-9923 alignleft size-full" src="https://utahfi.com/wp-content/uploads/2026/01/columbia-bank-50.png" alt="Columbia Bank" width="50" height="50" data-mce-fragment="1" /></a>​<a href="https://utahfi.com/institutions/columbia-bank/">Columbia Bank</a> announced the opening of a new commercial office and retail branch in Draper on August 18</strong>, continuing the regional bank’s expansion in Utah.</p>
<p>The new location occupies approximately <strong>14,000 square feet</strong> in Draper’s Minuteman Office Plaza and combines commercial and retail banking services. Columbia moved its former South Jordan branch to the expanded Draper location.</p>
<p>Draper is the first of <strong>three new Columbia Bank locations planned for the Salt Lake City metropolitan area in 2026</strong>. The bank says additional locations in Pleasant Grove and the Sugar House neighborhood of Salt Lake City are expected to follow.</p>
<p class="p1">Columbia entered the Utah market in 2022 as <strong><span class="s1">Umpqua Bank</span></strong>, initially establishing a commercial banking team in the state. Following Umpqua’s merger with Columbia Banking System and the transition to the Columbia Bank brand, the institution has continued building its Utah presence, including adding a Salt Lake City-based commercial real estate group. The planned locations will expand access to consumer banking, commercial lending, treasury management, wealth management, healthcare banking, and other services.</p>
<p>If you are comparing banks operating in the state, you can also explore UtahFi’s <a href="https://utahfi.com/insights/best-banks-in-utah/"><strong>Best Banks in Utah</strong></a> ranking.</p>
<p><strong>Source:</strong> <a href="https://production.columbiabank.com/blog/columbia-bank-continues-utah-expansion-with-new-draper-commercial-office-and-retail-branch/" target="_blank" rel="noopener">Read Columbia Bank’s Utah expansion announcement</a></p></div>
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				<span class="et_pb_image_wrap "><img loading="lazy" decoding="async" width="800" height="151" src="https://utahfi.com/wp-content/uploads/2026/01/utah-divider-delicate-arch.webp" alt="Delicate Arch divider illustration with Utah desert and mountains" title="Delicate Arch Divider" srcset="https://utahfi.com/wp-content/uploads/2026/01/utah-divider-delicate-arch.webp 800w, https://utahfi.com/wp-content/uploads/2026/01/utah-divider-delicate-arch-300x57.webp 300w, https://utahfi.com/wp-content/uploads/2026/01/utah-divider-delicate-arch-768x145.webp 768w" sizes="(max-width: 800px) 100vw, 800px" class="wp-image-4826" /></span>
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				<div class="et_pb_text_inner"><h2 data-pm-slice="1 1 &#091;&#093;">Lehi-Based Weave Agrees to $650 Million Acquisition</h2>
<p>Lehi-based <strong>Weave Communications announced on August 18 that it has agreed to be acquired by Francisco Partners </strong>in an all-cash transaction with an aggregate equity valuation of approximately <strong>$650 million</strong>.</p>
<p>Under the agreement, Weave stockholders will receive <strong>$7.40 per share in cash</strong>, representing an approximately 34% premium to the company’s closing stock price on August 17.</p>
<p>Weave provides an AI-powered patient engagement and payments platform designed for healthcare practices. The company says its technology is used by more than 40,000 locations.</p>
<p>After the transaction is completed, Weave will become a privately held company and its shares will no longer trade on the New York Stock Exchange. Importantly for Utah’s technology sector, <strong>Weave plans to retain its headquarters in Lehi and continue operating under the Weave name.</strong></p>
<p>The companies said the transaction is expected to support additional investment in Weave’s artificial intelligence platform, payments capabilities, and revenue-cycle management products.</p>
<p>The acquisition adds another significant development to Utah’s financial technology ecosystem. Explore UtahFi’s <a href="https://utahfi.com/category/institutions/fintechs/"><strong>Fintechs</strong></a> coverage for profiles of Utah-connected financial technology companies, or visit <a href="https://utahfi.com/category/innovations/"><strong>Innovations</strong></a> for a closer look at technologies changing financial services.</p>
<p><strong>Source:</strong> <a href="https://www.franciscopartners.com/media/weave-announces-acquisition-by-francisco-partners" target="_blank" rel="noopener">Read the Weave acquisition announcement from Francisco Partners</a></p></div>
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<p>The post <a rel="nofollow" href="https://utahfi.com/insights/news/utah-financial-news-august-17-23-2026/">Utah Financial News Weekly Roundup: August 17–23, 2026</a> appeared first on <a rel="nofollow" href="https://utahfi.com">UtahFi</a>.</p>
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