Varo Bank, National Association
Draper, UT · National commercial bank
Sonar Score
Caution
out of 100 · from public FDIC data
Reported March 31, 2026. The Sonar Score is an informational signal from public FDIC data — not a rating or financial advice.
Key figures
- Total assets
- $374.3M
- Total deposits
- $220.1M
- Branches
- 1
- Return on assets
- -24.68%
- Return on equity
- -99.49%
- Charter type
- National commercial bank
- Established
- 2020
- FDIC cert #
- 59190
How the 23 breaks down
Capital ratio not reported.
Operating at a loss in the latest period.
Negative returns on equity this period.
Community-scale institution.
Your deposits at Varo Bank, National Association
Varo Bank, National Association is an FDIC-insured institution (Cert #59190). Deposits are insured up to $250,000 per depositor, per ownership category, by the full faith and credit of the US government. Learn how to maximize your coverage →
1 branch locations
11781 S Lone Peak Pkwy
Draper, UT 84020
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