Bank of Utah finishes purchase of AmBank
OGDEN — Three American Bank of Commerce locations now officially belong to Ogden-based Bank of Utah.
According to a news release, Bank of Utah’s holding company, BOU Bancorp, Inc., recently completed the purchase of the holding company for American Bank of Commerce, AmBancorp.
The three AmBank locations, now branded as Bank of Utah branches, are in Lindon, Provo and Heber City.
“With Utah County’s projected population growth that outpaces the nation, we are very pleased to be able to expand from our current location in Orem, to Provo and Lindon,” Douglas L. DeFries, president and CEO of BOU Bancorp, Inc., said in the release.
“This acquisition will allow Bank of Utah to help more Utahns reach their financial goals in partnership with our strong local bank, and at the same time attain growth and profitability for our shareholders.”
Bank of Utah now includes 17 full-service branches from Provo to Logan.
25 Utah post offices extend Saturday hours for holidays
Extended Saturday hours are being offered at 25 Utah post offices to accommodate holiday shipping.
According to a news release, the Saturdays affected will be the ones before Christmas (Dec. 15 and Dec. 22).
In addition to longer Saturday hours of operation, the 25 locations will also offer dutch door pickup service on the Sundays leading up to Christmas (Dec. 9, Dec. 16 and Dec. 23). Customers can take advantage of the pickup service from 10 a.m. to 2 p.m. on those Sundays.
“It’s all about customer convenience,” Salt Lake City postmaster Steve Chaus said in the release. “As we count down to the holidays, we know how demanding the season can be as we rush to get everything done on time.”
Among the 25 post office locations: Bountiful (20 S. Main St. – 10 a.m. to 4 p.m.), Clearfield (98 N. Main St. – 8:30 a.m. to 3 p.m.), Layton (1123 N. Fairfield Rd. – 10 a.m. to 4 p.m.) and Ogden (3680 Pacific Ave. – 10 a.m. to 4 p.m.).
Registration for Utah Entrepreneur Challenge now open
University students in Utah can now enter the Utah Entrepreneur Challenge for a chance at $100,000.
The competition, sponsored by Zions Bank and managed by the Lassonde Entrepreneur Institute, an interdisciplinary division of the David Eccles School of Business at the University of Utah, aims to help students launch startup ideas.
Participants vie for $100,000 in cash and prizes, including a $40,000 grand prize.
“The Utah Entrepreneur Challenge encourages competitors to think critically and take a real-world approach throughout the competition,” said Dakota Rose, student associate of marketing for the competition, in a news release.
Those interested in competing and viewing a competition timeline can visit the event website at https://lassonde.utah.edu/uec.
The registration deadline is Feb. 14, 2019.