▁customer ▁service ▁center ▁in ▁Ut ah ▁and ▁in ▁bringing ▁in ▁new ▁research ▁operations ▁for ▁Intel . ▁Governor ▁Le av itt ▁laid ▁the ▁ground work ▁for ▁his ▁success ors ▁to ▁build ▁on ▁his ▁achiev ements ▁and ▁continue ▁to ▁make ▁Ut ah ▁a ▁business - friend ly ▁state , ▁particularly ▁for ▁high - tech ▁companies . ▁ ▁Bank ing ▁history ▁ ▁Ut ah ' s ▁economic ▁stability ▁is ▁also ▁reflected ▁in ▁its ▁history ▁as ▁a ▁center ▁for ▁industrial ▁banks ▁and ▁as ▁a ▁secondary ▁financial ▁hub ▁for ▁invest ment ▁banks ▁like ▁Gold man ▁Sach s ▁that ▁encou rage ▁vent ure ▁capital ism ▁in ▁the ▁state . ▁Indust rial ▁banks , ▁also ▁known ▁as ▁Indust rial ▁Lo an ▁Corpor ations ▁( IL C s ), ▁are ▁a ▁n iche ▁form ▁of ▁bank ing ▁that ▁is ▁nearly ▁exclus ively ▁located ▁in ▁Ut ah . ▁Ex amples ▁of ▁Ut ah ▁I LC s ▁include ▁B MW ▁Bank , ▁Pit ney ▁Bow es ▁Bank , ▁and ▁Target ▁Bank . ▁Due ▁to ▁this ▁distinction , ▁Ut ah ▁is ▁the ▁fourth - larg est ▁center ▁for ▁state - char tered ▁bank ing ▁in ▁the ▁nation , ▁with ▁nearly ▁$ 2 8 0 ▁billion ▁in ▁assets ▁within ▁its ▁borders . ▁ ▁Ut ah ' s ▁industrial ▁banks ▁began ▁in ▁the ▁early ▁ 1 9 0 0 s ▁before ▁Congress ▁passed ▁the ▁Bank ▁Hold ing ▁Company ▁Act ▁of ▁ 1 9 5 6 , ▁which ▁sever ed ▁the ▁t ies ▁between ▁bank ing ▁and ▁commercial ▁corpor ations . ▁Ut ah ' s ▁I LC