WEX Bank is headquartered in Midvale and is the 18th largest bank in the state of Utah. It is also the 410th largest bank in the nation. It was established in 1998 and as of June of 2020, it had grown to 63 employees at 1 location. WEX Bank has a B health rating.
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.
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.
|FDIC Certificate #||34697|
|Return on Assets - YTD||3.89%|
|Return on Equity - YTD||33.67%|
|Annual Interest Income||$246.2MM|
|Assets and Liabilities|
|Assets||Q2 2020vs Q2 2019||$2.45B$3.19B|
|Loans||Q2 2020vs Q2 2019||$1.59B$2.64B|
|Deposits||Q2 2020vs Q2 2019||$2.06B$2.56B|
|Equity Capital||Q2 2020vs Q2 2019||$280.0MM$348.9MM|
|Loan Loss Allowance||Q2 2020vs Q2 2019||$14.1MM$18.4MM|
|Unbacked Noncurrent Loans||Q2 2020vs Q2 2019||$28.2MM$38.0MM|
|Real Estate Owned||Q2 2020vs Q2 2019||$0$0|
Sorry, we do not have rate data for WEX Bank.
|WEX Bank Locations|
|Wex Bank||7090 South Union Park Avenue, Suite 350||Midvale, UT 84047|