Wuhai Bank initiated the establishment of four rural banks, namely Wenchang City, qionghai city City, Hangjinqi in Erdos City and Urad Qianqi in Bayannaoer City, Inner Mongolia. From 2008 to 2009, two branches were established in Ustai Town of Alxa League and Qipanjing Town of Ordos.

Wuhai Bank, formerly known as Wuhai City Commercial Bank, was established in September 2006 and is the third local joint-stock commercial bank in Inner Mongolia Autonomous Region. 20 10 1, officially approved by the CBRC, Wuhai City Commercial Bank was renamed as "Wuhai Bank". At present, the head office of Wuhai Bank has 10 departments, 22 sub-branches and 1 business department.

Since its establishment, Wuhai Bank has adhered to the market orientation of "serving the local economy, serving small and medium-sized enterprises and serving the public", actively changed its operating mechanism and innovated its management concept, and all its businesses have achieved leap-forward development. In recent years, Wuhai Bank has continuously optimized the allocation of financial resources and actively expanded its development space.