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Utah Commercial Banking

If you have commercial needs, our Utah Commercial Banking team can help. Here in Utah, we strive to live by a phrase coined by our CEO, “Love what you do, and make a difference”. We provide financing of all sizes for any type of project, including real estate development (such as multi-family and industrial), business acquisition, equipment financing, working capital, and more. Over the years, we are excited to say we have provided over $1 billion in commercial lending for Utah clients. With unmatched personal service and over 200 years of combined experience, our team has the expertise and know how to serve as your trusted partner. We look forward to continuing to help grow businesses right here in the Beehive State.

Meet our Utah Commercial Team

Luke Thomas
Small Business Banker

Luke is inspired by helping entrepreneurs do what they do best! He believes in helping businesses thrive by finding a shared vision and creating value add moments over time. This is done through work with small to medium businesses by lowering overhead, increasing cash flow, and leveraging business equity. Luke tailors business needs and helps with business deposits, payroll, merchant services, treasury management, and his favorite business, commercial, and multi-family lending. Luke has over 10 years of banking experience and holds a Bachelor of Business Administration in Management from the University of Alaska Anchorage.

Kade Walton
VP, Relationship Manager

With nearly 17 years experience, Kade has a robust working knowledge of the banking and finance industry having held positions in retail, small business, and private banking much of which was spent in management. Kade's primary area of expertise is in Professional Practice lending, High Net Worth lending, investment fund lending, and owner occupied real estate lending. Kade feels one of his greatest strengths is being an outside the box thinker in finding lending solutions for his clients. Kade prides himself in being a skillful handyman and is a University of Utah alumni. When he isn't working, he enjoys spending time with his family, completing DYI projects, rock crawling, and attending sporting events.

Dane Margetts
VP, Commercial Division Manager

Dane is a dedicated banking professional with substantial experience in expanding clientele relationships and finding credit and cash management solutions that fit the unique needs of each customer/business. He has built his career on providing detailed information and resources to individuals in an effort to stimulate growth, both financially and professionally. Dane has strived to demonstrate resourcefulness, consciousness, and an ability to solve problems in order to meet the needs of his clients for over 17 years. He is a proud graduate of the University of Utah (BA in accounting) and Westminster College (MBA). Away from work, Dane spends as much time with his family as possible.

Rhett Rampton
Treasury Relationship Manager

Rhett helps businesses and organizations leverage technology to streamline cash flow, conducting deep dives into clients' business objectives and models to improve their ability to monitor, manage, and protect their financial transactions. With over 15 years of treasury management experience, Rhett enjoys taking the wide range of treasury services WaFd Bank offers and tailoring these to meet the specific needs of individual companies. In addition, he keeps clients apprised of the latest technological innovations and enhancements treasury services offer. A veteran Army helicopter pilot, Rhett enjoys spending time with his family. He received his BA and MBA from Utah State University.

Ryan Hoffman
Community Business Banker

Ryan has enjoyed being in the banking industry for over 25 years with experience in both personal and business banking. In that time, he has come to know the value of relationship banking, striving to build relationships of trust, and can be relied upon to do the right thing for each client. Ryan enjoys learning about what makes a particular business tick and what drives their success.  As a relationship officer, Ryan strives to tailor banking services to meet the client’s needs and takes a consultative approach in finding solutions. With a Finance degree from the University of Utah, Ryan volunteers his time with a non-profit that helps with affordable housing. When not working, he loves to spend time with his kids and also loves to take advantage of all that Utah has to offer in the outdoors with skiing, snowboarding, mountain biking, hiking, and Jeeping.

John Herzog
Senior CRE Relationship Manager

With over 15 years in commercial real estate, John's expertise includes lending, portfolio management, credit training, and team leadership. He's closed over $2 billion in CRE deals nationwide, focusing on multi-family, industrial, mixed-use, retail, office, and medical office properties. His deep understanding of underwriting and credit ensures client needs are not just met but exceeded with value-driven solutions.  John is a relationship builder, placing emphasis on establishing trust and mutual respect with clients through meaningful connections. Outside of work, John cherishes family time, engage in hunting, hiking, fitness, and exploring the world through travel.