WEX Bank

Overview / Commentary
7090 South Union Park Avenue, Suite 350
Midvale, UT 84047

WEX Bank is headquartered in Midvale and is the 18th largest bank in the state of Utah. It is also the 478th largest bank in the nation. It was established in 1998 and as of December of 2020, it had grown to 67 employees at 1 location. WEX Bank has a B+ health rating.

Reviews (2)


Wex bank handles the credit for the Marathon gas station that our company uses. They are without question the worst bank I have ever dealt with. If your payment arrives one day late (due to postal delays) you are charged exhorbitant late fees that defy any sense of fairness or logic. Customer service ???? Wex customer service representatives are the worst people I have ever experienced in twenty four years of operating a small business. This banking /credit institution represents everything that is wrong with this country today. I urge anyone who applies for credit for small fleet petroleum services to run away from ANY company that uses Wex for their credit.

Overall Service

Posted by: |

This is the worst bank I have ever dealt with. They run the subsidiary my university uses for refunds. They charge for virtually every little thing, the rates are not low at all, some procedures are archaic and there is a lot of red tape, and the customer service representatives I have spoken to are rude normally. I cannot wait to graduate so I do not have to deal with this bank ever again.


Health Grade Components

FDIC Certificate #34697
Year Established1998
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD4.65%
Return on Equity - YTD38.34%
Annual Interest Income$491.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$2.11B$2.73B
LoansQ4 2020vs Q4 2019$1.70B$2.17B
DepositsQ4 2020vs Q4 2019$1.69B$2.15B
Equity CapitalQ4 2020vs Q4 2019$287.6MM$314.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$11.6MM$14.8MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$19.5MM$25.1MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0

Sorry, we do not have rate data for WEX Bank.


WEX Bank Locations
Wex Bank7090 South Union Park Avenue, Suite 350Midvale, UT 84047

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