Bank of Utah Announces Leadership Succession
President and CEO Douglas L. DeFries to retire; Branden P. Hansen named president, Benjamin F. Browning named CEO.
Bank of Utah’s board of directors announced that Douglas L. DeFries will retire as CEO and president at the end of 2022, after a distinguished 37-year career with the bank. Company veteran Branden P. Hansen will replace DeFries as president, effective Jan. 1, 2023.
“We have benefitted from Doug’s leadership for many years. He worked diligently to continue Bank of Utah’s 70-year tradition of caring for the community while also setting the stage for tremendous growth,” said board chair Frank W. Browning. “We are confident that Branden, with his vast industry knowledge and deep commitment to customer and shareholder value, will effectively lead Bank of Utah into our next phase of growth.”
In addition, the board appointed Benjamin F. Browning as CEO, also effective Jan. 1, 2023.
“Ben’s background is deeply rooted in Bank of Utah, and he is passionate about building strong relationships, teams and workplace cultures,” Frank Browning said. “We believe that, together, Branden and Ben, along with our dedicated employees, will continue to build Bank of Utah and enhance services and experiences for our customers.”
About Bank of Utah
Whatever your Utah is, Bank of Utah provides all the financial tools and guidance you need to achieve your business and personal financial goals. Celebrating its 70th year in 2022, Bank of Utah was established in 1952 in Ogden, Utah, by the Frank M. Browning family. Bank of Utah has since grown to 400 employees and over $2 billion in assets. Bank of Utah is one of the top banks in the U.S., ranking in the top 11% for total assets, the top 7% for net income, and the top 2% for Return on Assets (RoA). With the personal touch of a community bank, Bank of Utah answers your calls, greets you in person and offers the most up-to-date online and mobile banking innovations. The Bank has 18 full-service branches throughout Utah, trust teams in Ogden and Salt Lake City, and mortgage offices in Logan, Price and St. George. Offering business and personal banking, mortgage and commercial lending, and trust services, Bank of Utah is dedicated to helping our neighbors and local businesses thrive, now and for years to come. Together, we are Utah.
For more information call 801-409-5000 or visit bankofutah.com