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Varo Bank, National Association
✓ FDIC-insured · Active FDIC Certificate #59190
Varo Bank, National Association is an FDIC-insured national bank chartered by the Office of the Comptroller of the Currency (OCC), headquartered in Draper, Utah, established in 2020. As of the 06/30/2026 FDIC call report, it reported $338M in total assets and $210M in deposits. FDIC location data lists 1 office in Utah. The FDIC classifies it as a community bank. It is owned by the holding company VARO MONEY INC (San Francisco, CA).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
Varo Bank, National Association's only FDIC-listed office is in Utah. Browse banks in Draper for other local options.
Branch locations
| Varo Bank, National Association Varo Bank, National Association · Full Service - Brick And Mortar | 11781 S Lone Peak Pkwy Draper, UT 84020 Map ↗ |
Holding company: VARO MONEY INC
The FDIC lists VARO MONEY INC, based in San Francisco, CA, as the top holding company for Varo Bank, National Association. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Utah
Active FDIC-insured banks headquartered in Utah with total assets closest to Varo Bank, National Association's $338M. See all banks in Utah.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| First Utah Bank | Salt Lake City | $840M | 7 |
| The Pitney Bowes Bank, Inc. | Salt Lake City | $796M | 1 |
| Grand Valley Bank | Heber City | $599M | 9 |
| First Electronic Bank | Salt Lake City | $503M | 1 |
| Milestone Bank | Salt Lake City | $342M | 1 |
| Brighton Bank | Salt Lake City | $322M | 6 |
| Continental Bank | Salt Lake City | $182M | 1 |
| Utah Independent Bank | Salina | $171M | 4 |
Varo Bank, National Association: common questions
Is Varo Bank, National Association FDIC-insured?
Yes. Varo Bank, National Association is an active FDIC-insured institution, FDIC Certificate #59190. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Varo Bank, National Association headquartered?
Varo Bank, National Association is headquartered at 11781 S Lone Peak Pkwy, Draper, UT 84020, according to FDIC records.
How many branches does Varo Bank, National Association have?
FDIC location data lists 1 office for Varo Bank, National Association, all in Utah.
Who owns Varo Bank, National Association?
The FDIC lists VARO MONEY INC of San Francisco, CA as the top holding company for Varo Bank, National Association.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.