Wells Fargo
Explore Wells Fargo
Core profile pages, annual revenue records, and related research hubs for this company.
Wells Fargo
Explore Wells Fargo
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 1852 in San Francisco, California, United States
Wells Fargo was founded by Henry Wells and William Fargo in 1852 to provide express and banking services in a fast-growing California economy.
Wells helped create the company to provide express and banking services in California during the Gold Rush era.
Fargo helped launch the company in 1852 to serve California with banking and express services.
Acquire Wachovia's extensive East Coast branch network and national banking franchise during the 2008 financial crisis. Wachovia, facing insolvency from its Option ARM mortgage exposure (primarily from the 2006 Golden West Financial acquisition), represented an opportunity to transform Wells Fargo from a West Coast-focused bank into a truly national institution at a distressed price.
Merge with the Minneapolis-based Norwest Corporation to gain nationwide retail and commercial banking presence across the Midwest, Southwest, and Mountain West — geographies where Wells Fargo had limited penetration. Norwest also brought its highly regarded mortgage banking business (Norwest Mortgage, later Wells Fargo Home Mortgage) and an acclaimed cross-selling relationship banking philosophy.
Wells Fargo was founded in 1852 by Henry Wells and William Fargo.
Wells Fargo was founded by Henry Wells and William Fargo to provide express and banking services in California.
Wells Fargo became important through western express services, banking, branch expansion, Wachovia, and one of the largest U.S. deposit franchises.
Wells Fargo is headquartered in San Francisco, California.