Varo Bank, National Association

Varo Bank, National Association of Draper, UT, chartered 2020: 1 offices, $338m in assets, a 18.46% leverage ratio. Straight from the federal record.

Varo Bank, National Association is an FDIC-insured community bank headquartered in Draper, UT, chartered in 2020. It is supervised by the Office of the Comptroller of the Currency and held by Varo Money Inc. Every figure below is filed by the bank with its regulator and reproduced here unchanged.

Where Varo Bank, National Association has branches

1 full-service office across 1 state:

• Utah: 1 office, holding $161m at 30 June 2025

Varo Bank, National Association on its latest Call Report, 30 June 2026

• Total assets: $338m
• Total deposits: $210m
• Tier 1 leverage ratio: 18.46%
• Total risk-based capital ratio: 0.00%
• Noncurrent loans, as a share of loans: 0.42%
• Return on assets: -25.68%
• Net interest margin: 7.26%
• Staff: 270

Compare Varo Bank, National Association against every other bank with a branch in Utah, or find the offices nearest you.

Charter and office records from the FDIC BankFind Suite; capital, loan and earnings figures from the bank's own Call Report; deposits by office from the FDIC Summary of Deposits, counted each 30 June.