Douglas DeFries

Douglas DeFries

Douglas DeFries has more than 37 years of banking experience and is currently the President and CEO of Bank of Utah, a position he has held since 2011. He also serves as President and CEO of BOU Bancorp, Inc. and serves on the Board of Directors of BOU Bancorp, Inc. since 2011.

He joined Bank of Utah in 1986 as Vice President-Controller and was named Executive Vice President and CFO in 1992. In 2005, he was elected to the Board of Directors of Bank of Utah. Prior to Bank of Utah, DeFries was a Staff Accountant and Manager with Peat Marwick, Mitchell & Co (now KPMG LLC) from 1980 to 1984. At American Savings and Loan Association, he served as Vice President-Controller from 1984 to 1986.

His finance industry service includes involvement in several state and national organizations. He has served on the Community Bank Council of the American Bankers Association as Utah Representative and Administrative Committee Member from 2016 to present. He is the current Chairman of the Money Management Council for the Utah State Treasurer. Over the past 30 years, he has had multiple appointments on the Board of Directors for the Utah Bankers Association including Chairman in 2018 to 2019. He has served on the Board of Trustees of Utah Housing Corporation from 2011 to 2016, as Chairman in 2016. He was also the Chairman of the American Institute of Banking from 1995 to 1996. 

He is also actively involved in the community and volunteers on several boards and organizations. His past contributions include serving on the Board of Directors of the Ogden/Weber Chamber of Commerce, Board of Directors of the United Way of Northern Utah, and the Institutional Review Board for Intermountain Healthcare (IHC). 

Mr. DeFries holds a B.A. degree in Accounting from Utah State University in 1980, graduating magna cum laude. He also earned an M.B.A. from Utah State University in 2006.