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Veteran Utah executive receives banking award

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Veteran Utah financial executive Roy C. Nelson received the Utah Bankers Association's highest honor here Monday, its Distinguished Banker Award.

UBA Chairman Robert Hatch lauded Nelson for his lifetime of service to the banking industry and also for his years of community service.Nelson, president of Ogden-based Bank of Utah, is a former UBA chairman

himself, having led the group in 1994-95. He was honored at an awards luncheon following the opening of the UBA's 90th annual convention, which runs through Wednesday.

A graduate in finance from the University of Utah, Nelson took his first banking job with Bank of Utah while a student - he had formerly attended Weber State University - and joined the bank full time in 1955.

During the 1960s he left the bank to become owner/operator of Snow Basin Ski Lift and Development Co. but returned to banking in 1965 when he joined Commercial Security Bank in Ogden.

In 1985, his banking career came full circle when he returned to Bank of Utah, this time as president. Under his leadership, said the UBA, the bank's assets have doubled to more than $300 million.

Nelson's civic service to Weber County includes chairmanship of the Weber State University Advisory Board and in leadership at McKay-Dee Hospital.

In 1993, Nelson was appointed a director of the Salt Lake City Branch, Federal Reserve Bank of San Francisco.