Finwise Bancorp is a publicly-traded bank holding company headquartered in Murray, Utah, United States. It is the parent company of FinWise Bank, which operates in Utah and Arizona, and Celtic Bank, which operates in all 50 U.S. states. The company provides a variety of banking and financial services to individuals, businesses, and communities. These services include personal banking, business banking, commercial loans, mortgage loans, and online banking.
Finwise Bancorp was founded in 2000 as the holding company for FinWise Bank, which was initially established in 2000 as the Bank of American Fork. In 2013, Finwise Bancorp acquired Celtic Bank, a Salt Lake City-based community bank. Celtic Bank was founded in 2001 and is primarily focused on Small Business Administration (SBA) lending.
Finwise Bancorp went public in August 2021, listing its shares on the Nasdaq Stock Market under the ticker symbol "FNWU". The initial public offering (IPO) raised approximately $87 million, with the company issuing 5.8 million shares of common stock at a price of $15 per share. The funds raised from the IPO will be used for general corporate purposes, including potential acquisitions and strategic investments.
The CEO of Finwise Bancorp is Kent Landvatter, who has been with the company since 2017. Landvatter has more than 25 years of experience in the financial services industry, having previously worked at U.S. Bank and Wells Fargo. He is supported by a team of experienced executives and directors who bring diverse backgrounds and expertise to the company.
As of 2021, Finwise Bancorp has over $3 billion in total assets and employs more than 300 people. The company has received several awards and recognitions for its commitment to excellence, including being named one of the "Best Banks to Work For" by American Banker in 2020 and 2021.