Altabank
Altabank is a community bank and division of Glacier Bancorp (NASDAQ: GBCI) operating 25 branches across Utah and Idaho, offering consumer deposits, mortgages, and full commercial banking — including SBA lending, treasury management, and construction financing — to individuals, small businesses, agricultural operators, and students.
- Company typePublic
- Founded1905
- HeadquartersAmerican Fork, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Altabank does
Altabank is a Utah-headquartered community bank operating as a division of Glacier Bancorp, Inc. (NASDAQ: GBCI), providing retail and commercial banking services across 25 physical branches spanning from Preston, Idaho to St. George, Utah. Founded in 1905 as Bank of American Fork, the bank rebranded to Altabank and now serves individual consumers, small-to-medium businesses, homebuyers and homeowners, agricultural operations, and students under a relationship-driven community-banking model layered with digital channels (iOS/Android mobile banking app, online banking, phone banking). Its product set spans consumer deposit products (checking, savings, money market, CDs, IRAs), consumer credit (credit cards, personal loans, mortgages, construction loans, HELOCs), and full commercial banking including SBA 7(a)/504 lending up to $5 million, commercial real estate (owner-occupied, multi-family, investment), commercial construction, treasury management (ACH, remote deposit capture, lockbox, merchant services, Loomis SafePoint smart safe, Positive Pay fraud prevention), and student-banking programs (Pay Day for Grades, First Summer Paycheck, custom high-school debit cards). Insurance is provided through FDIC coverage, with ICS/CDARS enabling deposit coverage up to $150 million.
The bank makes money through a traditional community-bank revenue stack: net interest income on loans and securities net of deposit costs; loan origination and servicing fees across commercial, SBA, mortgage, construction, and consumer lending; deposit service charges (overdraft, insufficient funds, monthly maintenance); and treasury management fees for business customers. Pricing across deposit products is competitive (CD range 2.92%-3.50% APY across 3-60 month terms; Premier Money Market up to 2.79% APY), and commercial fees include per-item charges ($0.25 credits, $0.10 debits) on commercial checking and remote-deposit per-item pricing above 10 free monthly deposits. Distribution is hybrid: 25 branches with dedicated Business Relationship Managers, Treasury Management Officers, and Commercial Loan Officers at the high end; self-serve mobile/online/phone for retail and small business. Channel expansion includes the educational Altabanking Podcast, content marketing, and active social media presence across Facebook, LinkedIn, Instagram, YouTube, and Twitter.
Altabank firmographics
Firmographics- Name
- Altabank
- Legal name
- Altabank
- Website
- https://altabank.com
- Company type
- Public
- Founded year
- 1905
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Altabank is a community bank and division of Glacier Bancorp (NASDAQ: GBCI) operating 25 branches across Utah and Idaho, offering consumer deposits, mortgages, and full commercial banking — including SBA lending, treasury management, and construction financing — to individuals, small businesses, agricultural operators, and students.
- Ownership category
- akta.pro rank
Where Altabank is headquartered
LocationHeadquarters
- HQ city
- American Fork
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Altabank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Net Interest Income: Interest earned on loans (commercial, mortgage, personal) and investment securities minus interest paid on deposits. Core revenue stream for the bank.
- Loan Origination and Servicing Fees: Fees collected from originating and servicing loans including commercial real estate loans, SBA loans up to $5 million, residential mortgages, construction loans, and consumer loans.
- Deposit Service Charges: Monthly maintenance fees, overdraft fees, insufficient funds fees, and other account service charges on checking and savings accounts.
- Treasury Management Services: Cash management, receivables solutions (ACH, remote deposit capture, lockbox, merchant services), payments services, fraud prevention, and information management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Money Market Deposit Account - Tiered rates from 0.10% to 0.75% APY |
| Subscription | Monthly | Premier Money Market Deposit Account - Tiered rates from 1.00% to 2.79% APY |
| Subscription | Monthly | Savings Account - 0.10% APY |
| Subscription | Monthly | Checking Accounts - Free to Interest-bearing options |
| Subscription | Annual | Certificates of Deposit - Terms from 3 months to 60 months |
| Subscription | Annual | IRA Options - Savings IRA and Fixed-rate IRA |
| Subscription | Monthly | Business Interest Checking - 0.10% APY |
| Subscription | Monthly | Business Money Market - Tiered rates 0.10% to 0.40% |
| Subscription | Monthly | Commercial Checking |
| Subscription | Monthly | Overdraft Protection Loan - 18.00% APR |
| Usage-based | Pay-as-you-go | One-Way Sweep - $2 per transfer |
| Transaction based/ take rate | Pay-as-you-go | SBA Loans - Up to $5 million |
| Usage-based | Monthly | Remote Deposit for Business |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
Altabank product offering
Product offeringCore offering
Altabank is a community bank division of Glacier Bancorp, Inc. offering consumer and commercial banking products and services across 25 branches in Utah and Idaho. Core offerings include personal checking/savings accounts, CDs, IRAs, residential and construction mortgages, commercial real estate and SBA lending up to $5 million, treasury management (ACH, remote deposit, merchant services, lockbox, fraud prevention), and digital banking via online and mobile platforms.
Product overview
Altabank is a community bank offering a comprehensive suite of banking products and services for both consumers and businesses. The bank operates as a division of Glacier Bank and provides personal banking (checking, savings, CDs, credit cards, personal loans), digital banking (online and mobile banking with Mobile Check Deposit, Person-to-Person payments, eStatements), commercial banking (commercial lending, SBA loans, cash management services including ACH, remote deposit capture, merchant services, lockbox, and fraud prevention), mortgage and home loans (residential, construction, and home equity products), and student banking programs (checking accounts with custom debit cards, grade-based incentives). The products work together as a full-service banking ecosystem supporting individuals, families, and businesses throughout Utah and Idaho.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts Suite of personal checking accounts including Totally Free Checking (no fee, no interest), Easy Interest Checking, Premier Interest Checking ($1,500 minimum), and 50+ Interest Checking (free for customers 50 and older). Includes free online/mobile banking, bill pay, and a Visa debit card.
- Savings & Money Market Accounts Variable-rate savings accounts paying monthly compound interest; Money Market Deposit Account with tiered rates from 0.10% to 0.75% APY; Premier Money Market with tiered rates from 1.00% to 2.79% APY.
- Certificates of Deposit (CDs) Fixed-rate deposit accounts with terms ranging from 3 months to 60 months offering competitive APYs (e.g., 12-month at 3.04% APY, 60-month at 3.50% APY). IRA CD options available.
- IRA Accounts (Traditional, Roth, Coverdell ESA) Individual retirement arrangements including Traditional IRA (pre-tax contributions), Roth IRA (after-tax contributions with tax-free qualified distributions), and Coverdell Educational Savings Account (tax-free investment account for qualified education expenses).
- Visa Credit Card and Debit Card Visa credit card with no annual fee and image statements, plus Visa debit card with free access through checking accounts for purchases and ATM withdrawals.
- Commercial Banking & Lending Business banking services including commercial lending, owner-occupied commercial real estate loans, equipment financing, accounts receivable and inventory lines of credit, and agricultural loans for SMBs.
- SBA Loans (7(a) and 504) SBA-backed loans up to $5 million through 7(a) and 504 programs for real estate construction/acquisition, equipment, inventory, and working capital, offered by an SBA preferred lender.
- Commercial Real Estate Loans Owner-occupied CRE loans, multi-family real estate loans (apartments, condominiums, townhomes), and investment real estate loans with terms up to 25 years for acquisition, refinancing, or lot purchases.
- Commercial Construction Loans Short-term loans for commercial real estate construction and development, including home builder finance for residential development and development loans for preparing undeveloped land for commercial or residential projects.
- Cash Management & Treasury Services Treasury management services including receivables, payments, information and cash flow management, fraud prevention (Positive Pay), ACH transactions, remote deposit capture (Express Deposit), merchant services, lockbox, and Loomis SafePoint smart safe cash management.
- Residential & Construction Mortgage Loans Home purchase financing, residential construction loans, and One-Time Close construction-to-permanent mortgage financing for homebuyers. Bundle savings waive mortgage origination fee when both construction and mortgage loans are obtained from Altabank.
- Home Equity Lines of Credit (HELOC) Revolving credit lines secured by home equity for financing home improvements, college tuition, or medical expenses.
- Mobile Banking App Native mobile application for iOS and Android devices enabling real-time balance checking, transaction viewing, bill payment, fund transfers, and Mobile Check Deposit.
- ICS and CDARS Deposit Sweep Services Insured Cash Sweep and Certificate of Deposit Account Registry Services providing complete FDIC coverage on amounts over the $250,000 federal limit (up to $150 million).
- Personal Loans and Overdraft Protection Consumer loans for various personal financial needs; Overdraft Protection Loan (open-end line of credit at 18.00% APR); One-Way Sweeps automatic fund transfer ($2 per transfer).
- Student Banking Programs Student banking package including Totally Free Checking with custom high school debit cards, Pay Day for Grades program ($3 per A/A- up to $25 per grading period), First Summer Paycheck reward ($25 deposit for first summer job paycheck ages 12-18), and Dollars & Sense financial education videos.
Quantifiable outcome
- SBA loans up to $5 million for qualified businesses
- +3 more outcomes
Companies that use Altabank
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Altabank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Altabank partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor.
- William A. Burnard Warming CenterminorAltabank presented a $5,000 donation following the 'Warming Cache Valley' community goods drive held in partnership with Utah State University Athletics to support individuals and families facing homelessness.
- Stokes TruckingminorUtah State University and Altabank partnered with Stokes Trucking to donate approximately 30,000 pounds of food to the Cache Community Food Pantry through the annual 'Stuff the Truck' drive.
- Utah State University (USU) AthleticsminorAltabank partnered with USU Athletics and The Hurd student association for the 'Warming Cache Valley' goods drive, collecting essential items for the William A. Burnard Warming Center.
- Utah Nonprofits (Various)minorAltabank donated over $175,000 to Utah nonprofits in April 2025 supporting organizations in affordable housing, financial education, food security, mental health, and domestic victim support.
- Utah Domestic Violence CoalitionminorAltabank joined with CAPSA, DOVE Center, South Valley Services, The Refuge Utah, and the Utah Domestic Violence Coalition for Domestic Violence Awareness Day.
- Real Salt LakeminorAltabank partnered with Real Salt Lake for Great Salt Lake conservation efforts. The 'Saves for the Great Salt Lake' initiative promised to donate $100 to Great Salt Lake conservation efforts for every save made during the 2023 season.
- Great Salt Lake ConservationminorEnvironmental conservation initiative partnering with Real Salt Lake to support Great Salt Lake preservation efforts through fan engagement during soccer matches.
- Wasatch Adaptive SportsminorNonprofit organization based at Snowbird Ski Resort working to make outdoor recreation affordable and accessible for all adaptive needs, creating a community without barriers.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
Altabank competitors and assessment
Company assessmentDirect peers
- Zions Bancorporation: Zions Bancorporation is the largest Utah-headquartered bank holding company, operating community/regional bank divisions across the Mountain West including Utah and Idaho. Directly comparable to Altabank in geography (Utah/Idaho overlap), customer segments (consumer + commercial + CRE), and full-service banking model, though at substantially larger scale.
- America First Credit Union: America First Credit Union is the largest credit union in Utah and one of the largest in the U.S., serving consumers and businesses across Utah, Idaho, and Nevada. Competes directly with Altabank for retail deposits, consumer loans, mortgages, and SMB banking in the same Utah footprint with overlapping member/customer demographics.
- Mountain America Credit Union: Mountain America Credit Union is a large Utah-based credit union offering consumer and business banking, mortgages, and commercial lending across Utah, Idaho, and surrounding states. Directly competes with Altabank in Utah retail and SMB banking with similar full-service community financial institution positioning.
- Bank of Utah: Bank of Utah is a Utah-based community bank offering consumer, commercial, mortgage, and treasury management services across Utah and Idaho. Operates in the same geographic footprint with similar relationship-based community banking model, product suite, and SMB target customers as Altabank.
- Glacier Bank: Glacier Bank is the Montana-based flagship division of Glacier Bancorp (Altabank's parent), operating community bank branches across Montana, Idaho, and other western states. Directly comparable as a sister community bank division sharing the same holding company infrastructure, lending products, and community banking model.
- WaFd Bank (Washington Federal): WaFd Bank is a community-focused regional bank operating branches across the western U.S. including Utah and Idaho, offering consumer and commercial banking, mortgage, and SBA lending. Comparable to Altabank in regional footprint overlap, community banking orientation, and SMB/commercial lending emphasis.
Broad incumbents
- JPMorgan Chase: JPMorgan Chase operates a national branch network with a meaningful Utah/Idaho retail and commercial presence, offering consumer banking, mortgages, and SMB products. Competes with Altabank broadly across the consumer and SMB segments but at vastly greater scale and with deeper digital and capital markets capabilities.
- Wells Fargo: Wells Fargo is a national bank with branches across Utah and Idaho offering consumer, mortgage, and commercial banking products. Provides overlapping capabilities to Altabank as a broad incumbent competitor, particularly in consumer deposits, mortgages, and SMB banking, without specializing in the community bank relationship model.
- U.S. Bank: U.S. Bank is a national bank with retail, commercial, mortgage, and wealth management operations across the Mountain West including Utah. Overlaps with Altabank in consumer and SMB banking products but operates as a broad incumbent with national rather than community-focused positioning.
Regional players
- Cache Valley Bank: Cache Valley Bank is a community bank serving northern Utah (Cache Valley) and southern Idaho with consumer and commercial banking products. Highly comparable to Altabank as a sub-scale community bank in the same Mountain West region with similar relationship-based approach, though serving a smaller local market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Altabank social profiles
Digital presenceAltabank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Altabank leadership team
Management profileNumber of profiles
Profiles18 records
Altabank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Altabank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Altabank
What does Altabank do?
Altabank is a community bank division of Glacier Bancorp, Inc. offering consumer and commercial banking products and services across 25 branches in Utah and Idaho. Core offerings include personal checking/savings accounts, CDs, IRAs, residential and construction mortgages, commercial real estate and SBA lending up to $5 million, treasury management (ACH, remote deposit, merchant services, lockbox, fraud prevention), and digital banking via online and mobile platforms.
Is Altabank a public or private company?
Altabank is a public company. It is classified as corporate owned and is currently operating.
When was Altabank founded?
Altabank was founded in 1905. It employs 251 to 500 people.
Where is Altabank based?
Altabank is headquartered in American Fork, United States, in the North America region.
How does Altabank make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are loan Origination and Servicing Fees, deposit Service Charges and treasury Management Services.
Who are Altabank's main competitors?
Direct peers on record are Zions Bancorporation, America First Credit Union, Mountain America Credit Union, Bank of Utah, Glacier Bank and WaFd Bank (Washington Federal). Broad incumbents are JPMorgan Chase, Wells Fargo and U.S. Bank. Cache Valley Bank is listed as a regional player.
Does Altabank have an API?
No public API is recorded for Altabank.