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First Interstate Bancorp was a bank holding company based in the United States.Headquartered in Los Angeles, it was the nation's eighth largest banking company. [1]Although First Interstate Bancorp was taken over by Wells Fargo in 1996, the name (along with the company logo) has continued to be used in the banking world by First Interstate BancSystem, who has been using the name under a ...
In 1996, Wells Fargo acquired First Interstate Bancorp, but not First Interstate Bank. Instead, the Montana organization successfully negotiated to retain the well-known First Interstate name and logo. [3] In 2017, the company retained the rights to use the First Interstate name and logo in all 50 states. [1]
1995: Wells Fargo became the first major US financial services firm to offer Internet banking. 1996: Wells Fargo acquired First Interstate Bancorp for US$11.6 billion. [62] 1998: Wells Fargo Bank was acquired by Norwest Corporation of Minneapolis. [63] (Norwest was the surviving company; however, it chose to continue business under the better ...
Wells Fargo Corp. First Interstate Bancorp: Wells Fargo Corp. Wells Fargo: 1996 Union Bank Bank of California: Union Bank of California: $25 billion Union Bank N.A. 1996 Chemical Banking Corp. Chase Manhattan Corporation: Chase Manhattan Corporation: JPMorgan Chase: 1996 CoreStates Financial Corp. Meridian Bancorp, Inc. CoreStates Financial ...
Wells Fargo has international offices in London, Dublin, Paris, Dubai, Singapore, Tokyo, Shanghai, Beijing, and Toronto, among others. [19] Back-offices are in India and the Philippines with more than 20,000 staff. [20] Notably, Wells Fargo is the first major national U.S. bank to undergo a successful unionization drive. [21]
First Interstate Bank may refer to: First Interstate Bancorp of Los Angeles, California, which merged with Wells Fargo in 1996 Several buildings formerly named for the bank, now known as Aon Center (Los Angeles), California a fire in this building on May 4, 1988 may be referred to as the First Interstate Tower fire; Fountain Place, Dallas, Texas
In May 2007, Wells Fargo acquired Greater Bay Bancorp, which had $7.4 billion in assets, in a $1.5 billion transaction. [4] [5] In June 2007, Wells Fargo acquired CIT's construction unit. [6] In January 2008, Wells Fargo acquired United Bancorporation of Wyoming. [7] In August 2008, Wells Fargo acquired Century Bancshares of Texas. [8]
The current name was adopted after Wells Fargo purchased First Interstate in 1996. [10] Upon opening in 1972, the Wells Fargo Center dwarfed all other buildings in downtown Portland. Public outcry over the tower's scale and the potential of new development to block views of Mount Hood led to height restrictions on all new development.