Varo Bank, National Association
Chartered Bank Active FDIC Insured
Health Score
4.0 / 10
11781 S Lone Peak Pkwy, Draper, UT 84020
Financial Overview
Total Assets $374.3M
Total Deposits $220.1M
Profitability (ROA) -24.68%
Shareholder Return (ROE) -99.49%
Capital Cushion (Eq/Assets) 24.43%
Established 08/01/2020
Risk & Growth Profiles
✓ Clean Regulatory Record
No recent history of FDIC conservatorship or financial failure.
Deposit Momentum
$220.1M avg deposits per branch.
Measures how much capital the bank holds against its physical footprint. A higher ratio indicates a highly liquid, lower-overhead lending profile.
Operations & Contact
Contact
Website: www.varomoney.com
FDIC Certificate #: 59190
Specialization: Other Specialized Under 1 Billion