About UCFS


The Utah Center for Financial Services (UCFS) is an independent research center funded by grants and focused on helping others to understand the dual-banking system and the role of state-chartered banks in the United States.

State and national banks operate under two separate regulatory structures. Dual banking allows state and national banks to co-exist within the same system. Economists and industry experts agree that dual banking creates a secure and dynamic system. However, this co-existence is not without its challenges.

UCFS conducts research to better understand the challenges of state-chartered banking, to explore the role innovation can play in providing financial services to under-served communities and to develop policy recommendations to improve the use of technology in the delivery of financial services. We support research – conducted by faculty at universities nationwide, in partnership with industry associations, and done in conjunction with state regulatory bodies and state banking supervisors.

UCFS partners with the Lassonde Entrepreneur Institute and the David Eccles School of Business at the University of Utah to develop targeted curriculum, provide projects for practical application, and offer networking opportunities with industry leaders for both future industry workers and those currently in the workforce.


Dual banking provides more opportunities for robust and safe financial services for Americans. Our mission is to support the dual banking system and financial service entities that benefit consumers.

  • We provide research and analysis to inform public policy leaders and regulators.
  • We educate the financial industry workforce through targeted curriculum and practical application.
  • We share resources and collaborate as a center to advance the financial services industry.

Who We Are

Troy D’Ambrosio

Troy D’Ambrosio is the executive director of the Lassonde Entrepreneur Institute, assistant dean at the David Eccles School of Business and holds a Presidential Chair in Entrepreneurship at the U.

D’Ambrosio is cofounder, officer and director of multiple startup companies that have attracted over $500 million in capital. Those companies include Transworld Telecommunications, which was sold to Sprint in 1998; Convergence Communications, which was sold to Lockheed Martin in 2005; and EPM Mining Ventures, which is listed on the Toronto Venture Exchange. He has served as the VP of investor relations and corporate communication for American Stores Company, a NYSE listed company, the director of mutual fund operations for Wasatch Advisors and deputy chief of staff to the Mayor of Salt Lake City. He graduated from the University of Utah in 1982 and was named the Ernst & Young Entrepreneur of the Year in 2000, a v100 Technology Leader in 2008, Best in State Educational Administrator in 2009 and received the 2014 Governor’s Medal for Excellence in Science and Technology.

Allan Landon

Allan Landon is an assistant dean and adjunct professor at the David Eccles School of Business. Landon heads the Utah Center for Banking and is a director at State Farm Bank and State Farm Mutual Automobile Insurance Company. Landon was chairman and CEO of Bank of Hawaii, selected by Forbes as the “Best Bank in America.” He helped found Community BanCapital, a private investment fund and was a director of Midfirst Bank and a Federal Home Loan Bank. Landon began his career at EY, where he was a partner, specialized in serving financial institutions.

Al’s interests include education and learning. He is vice chairman of the National Board of the Smithsonian Institution and is a director of PBS in Washington DC. He chaired the Board of Regents of the University of Hawaii, where he also taught in the William S. Richardson School of Law. He has been a leader of the Profiles of Leadership class for the last seven years and serves on the Advisory Board of the Eccles School and UMFA.

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