FinWise Bank is headquartered in Murray and is the 33rd largest bank in the state of Utah. It is also the 1,984th largest bank in the nation. It was established in 2000 and as of March of 2022, it had grown to 122 employees at 2 locations. FinWise Bank has an A+ health rating.
I've had an overwhelmingly positive experience with this bank and am very satisfied. I switched over from Bank of America and immediately noticed the additional care and attention that I received. I was no longer just a number. I have a checking and savings account with the bank and have never had any problems. Shortly after opening up my accounts I had several questions regarding how to best use them/transfer money to them. I called up the bank and was spoken to immediately...no time on hold! They gave me the answers that I needed and I've been super happy ever since. Since it isn't a national bank it doesn't have the slickest website ever but it definitely gets the job done and is a lot better than many I've seen. Overall, I would definitely recommend this bank to anyone that asked. I'm a happy customer.
Overall | |
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FDIC Certificate # | 35323 |
Year Established | 2000 |
Employees | 122 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 11.11% |
Return on Equity - YTD | 57.48% |
Annual Interest Income | $14.4MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $419.8MM$325.6MM |
Loans | Q1 2022vs Q1 2021 | $264.5MM$239.0MM |
Deposits | Q1 2022vs Q1 2021 | $323.6MM$195.3MM |
Equity Capital | Q1 2022vs Q1 2021 | $82.2MM$46.0MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $10.0MM$6.2MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $1.0MM$790.00K |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.15% | - | - | Consumer Statement Savings | |
0.15% | - | - | Business Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.15% | - | - | Consumer NOW Account | |
0.15% | - | - | Interest Bearing Business Checking | |
0.15% | - | - | Sole Proprietor NOW Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.35% | $500 | - | 18 Month Fixed IRA |
FinWise Bank Locations | ||
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Sandy Branch | 820 E 9400 S | Sandy, UT 84094 |