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Wells Fargo was an American banking company based in San Francisco, California, that was acquired by Norwest Corporation in 1998. During the California Gold Rush in early 1848 at Sutter's Mill near Coloma, California, financiers and entrepreneurs from all over North America and the world flocked to California, drawn by the promise of huge profits.
Holladay sold his stage routes to Wells Fargo Express in 1866 for $1.5 million. In August 1868, Holladay moved to Oregon, where he had organized the construction of a railroad along the Willamette River, purchasing the illegally incorporated Oregon Central Railroad of Salem, turning it into the Oregon and California Railroad Company. [6]
Founded in 1866 as Fidelity Insurance, Trust, & Safe Deposit Company, the bank was later renamed Fidelity Trust Company, Fidelity-Philadelphia Trust Company, The Fidelity Bank, and Fidelity Bank, National Association. It was absorbed in 1988 in the biggest U.S. bank merger up to that point, and is today part of Wells Fargo.
The surviving company was thereupon renamed Wells Fargo & Company. Barney resigned as president of Wells Fargo to devote more time to his own business, the United States Express Company; [7] [8] and Louis McLane was elected president on November 1, 1866. [9] In 1870, Danford Barney retired from the board of directors of Wells Fargo. [10]
The List of Wells Fargo presidents includes those persons who have served as President of Wells Fargo since 1852. It includes the presidents of the express mail company from 1852 to 1918 and of the Wells Fargo Bank, which was separated from the express company in 1905 and merged with the Nevada National Bank to form the Wells Fargo Nevada National Bank - the lineal ancestor of the present ...
The Overland Trail (also known as the Overland Stage Line) was a stagecoach and wagon trail in the American West during the 19th century.While portions of the route had been used by explorers and trappers since the 1820s, the Overland Trail was most heavily used in the 1860s as a route alternative to the Oregon, California, and Mormon trails through central Wyoming.
Window shows need of repair and updating due to seismic activity and age. John Joseph Valentine Sr. (November 12, 1840 – December 21, 1901) was an American expressman. He was the first president of Wells Fargo & Company who had not been a banker and served from 1892 until his death in 1901.
In 1866, upon the resignation of Henry Wells and American Express' merger with the Merchants Union Express Company, Fargo was elected President of the American Express Company. He was the company's president until he died in 1881, at which point his brother, J. C. Fargo , assumed the presidency, holding the post until 1914.