WEX Bank

7090 South Union Park Avenue, Suite 350
Midvale, UT 84047

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34697
Date Established 1998
Assets $2.46 billion
Loans $2.00 billion
Deposits $1.77 billion
Capital $0.31 billion

WEX Bank is an FDIC insured institution located in Midvale, UT. It was founded in 1998 and has approximately $2.46 billion in assets.

For a more detailed analysis of WEX Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in WEX Bank’s loan portfolio are Commercial and Industrial Loans, Multifamily Mortgages, and 1-4 Family Residential Loans.

Compared to other banks in Utah, WEX Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.08
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 100.00
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Wex Bank, but see these great savings and CD rates:

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for WEX Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
3.990% 3.990% -0.25 ($625) $1,193 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More
Flagstar Bank 4.990% $268.11 Learn More

Note to WEX Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

WEX Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


WEX Bank Locations

Financial Details

WEX Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of WEX Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
WEX Bank U.S. Bank Average
11.06% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, WEX Bank had $35,006,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $305,165,000 in equity and $11,227,000 in loans loss reserves. That gives it a Texas Ratio of 11.06%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
WEX Bank U.S. Bank Average
82.61% 8.58

WEX Bank has a Return on Equity of 82.61% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
WEX Bank U.S. Bank Average
12.41% 12.11

WEX Bank has a Capitalization of 12.41% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

WEX Bank Balance Sheet Analysis

As of June 30, 2017, WEX Bank had assets of $2,460,005,000, loans of $2,004,218,000, and deposits of $1,767,113,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About WEX Bank

Branches and Savings

Is WEX Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34697.

Why does WEX Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are WEX Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is WEX Bank a commercial bank?

Yes

Where are WEX Bank locations?

See branch locations nearby.

Is WEX Bank open on Saturdays?

Is WEX Bank open on Sundays?

What time does WEX Bank open?

What time does WEX Bank close?

Are WEX Bank ATMs Open 24/7?

Do WEX Bank ATMs accept cash deposits?

Can WEX Bank customers use other ATMs?

Do WEX Bank branches have notaries?

Will WEX Bank notarize my document?

What address for WEX Bank should I put for incoming ACH transfers?

Will the WEX Bank branch print checks?

Do WEX Bank checks expire?

Does WEX Bank require US citizenship to open account?

Can WEX Bank close my account?

Does WEX Bank Report to credit bureaus?

Does WEX Bank Use Equifax?

What is WEX Bank's ACH Routing Number?

What is WEX Bank's SWIFT code?

Products

Does WEX Bank offer mortgages?

Compare mortgage rates here.

Does WEX Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does WEX Bank offer personal loans?

Compare personal loan rates here.

Does WEX Bank offer student loans?

Will WEX Bank cash a check?

Will WEX Bank redeem a savings bond?

Does WEX Bank cash savings bonds?

Will WEX Bank cash money orders?

Can WEX Bank issue a money order?

Does WEX Bank do currency exchange?

Background on The Bank

Who owns WEX Bank?

How long has WEX Bank been around?

Can WEX Bank transfer to other banks?

Does WEX Bank have quick pay?

Does WEX Bank accept rolled coins?

Will WEX Bank accept loose change?

Where is WEX Bank headquarters?

Customer Reviews for WEX Bank


  • Della Wilson

    December 17, 2015

    can I get a loan

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