Unita Bank Information by Dan Richardson

Cokeville resident Dan Richardson sent me an email containing the following information. Thanks Dan for passing this on:

Today I spoke at length with Jared Walker, a loan officer with Uinta Bank. He and Cody Bateman are apparently going to take turns coming up to Cokeville each Thursday from 9:30 to 3:30. For now, they will be in the Mayor's office at the Town Hall.

Individuals can set up Business and Personal checking accounts as well as two different types of savings accounts.

Uinta's checking accounts don't have any minimum balance requirements or any fees, and all Uinta's accounts can be accessed via the internet.

A branch in Evanston is expected within a year and a branch in Cokeville may come sometime after that. In the mean time, I spoke with Jared about getting a Uinta Bank ATM in town (perhaps in Mindy's Market). It is possible that the ATM will be set up to receive deposits as well as dispense cash.

Uinta Bank account holders can give deposits (in sealed envelops) to the bank representative here on Thursdays, or alternatively, deposits can be mailed to the bank. Mail from Cokeville to the sole branch of Uinta Bank in Mountain View takes at most two days, and deposits are typically processed the same day they are received.

Of course, getting an ATM and a branch are dependent on an adequate level of interest displayed by residents of the area. As such, I encourage folks to stop by and set up an account or two. Since the accounts don't have a minimum deposit requirement, individuals can simply open the accounts on an UNofficial trial basis by depositing a small amount of money in them and then continue to primarily employ their currently banking arrangements. If those individuals feel that their needs are getting met by Uinta Bank, they can switch over to use their Uinta accounts.

Banking with Uintah might a less convenient option now, but by far will be the most convenient option if we give them our business and they put a branch in Cokeville.

I was impressed by Jared’s representation of Uinta Bank and feel that they will work hard to meet our needs.


Dan Richardson, PhD