State Bankshares

Discovery Benefits Sold by State Bankshares to WEX for $425 Million

WEX now employs more than 1,100 people in North and South Dakota

FARGO, N.D. — A Fargo–based business focused on simplifying employee benefits has been sold for $425 million. Discovery Benefits was sold by State Bankshares, the same company that owns Bell Bank, to WEX, a global provider of payment processing and business solutions. Bell Bank President and CEO Michael Solberg says the bank is not for sale. Discovery Benefits was founded in…