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Wells Fargo, in its present form, is a result of a merger between the original Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998. The merged company took the better-known Wells Fargo name and moved to Wells Fargo's hub in San Francisco.
Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
Across time, and in every generation, Wells Fargo has continued helping customers go further by providing innovative financial services to help them get ahead. Through prosperity, depression, and war, customers have turned to Wells Fargo for the solutions they needed to survive and thrive.
This article outlines the history of Wells Fargo & Company from its merger with Norwest Corporation and beyond. The new company chose to retain the name of "Wells Fargo" and so this article is about the history after the merger.
Wells Fargo is a result of a 1998 merger between San Francisco-based Wells Fargo & Company and Minneapolis-based Norwest Corporation. It had a subsequent acquisition of the Charlotte-based Wachovia in 2008, which is one of the top “cross-sellers” of financial services in the country.
Wells Fargo, in its present form, is a result of a merger between the original Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998. The merged company took the better-known Wells Fargo name and moved to Wells Fargo's hub in San Francisco.
In 1905 Wells Fargo’s banking operations (in California) were separated from its express operations and merged with the Nevada National Bank (founded 1875) to form the Wells Fargo Nevada National Bank. In 1923 this bank merged with the Union Trust Company (founded 1893) to form the Wells Fargo Bank & Union Trust Co., a name that was shortened ...
Wells Fargo began when prosperous New York City businessmen Henry Wells and William Fargo saw a great opportunity in the West after gold was discovered. The pair, who had helped to found American Express in 1850, officially created Wells Fargo & Co. on March 18, 1852, with two primary objectives – transportation and banking.
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.
Throughout their lives, Henry Wells and William G. Fargo, the founders of Wells, Fargo & Co., were known for their innovation and dedication to customers. Read story