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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 ...
Serving customers since 1852. For generations, we’ve been helping people go further. From exchanging gold coins for paper checks to enabling online transactions, we’re continually innovating so our customers can get ahead. On March 18, 1852, our founders—Henry Wells and William G. Fargo—built an innovative start-up to help customers ...
A map of the U.S. in 1852, the same year Wells, Fargo & Co. was founded to connect families and business from coast to coast. Photo Credit: Wells Fargo Corporate Archives. In 1852, Wells and Fargo went to the board of American Express and proposed expanding to meet the demands of their customers on the Pacific Coast.
Wells Fargo became the first major US financial services firm to offer internet banking, in May 1995. [43] After its string of acquisitions, in 1998, Wells Fargo Bank was acquired by Norwest Corporation of Minneapolis, with the combined company assuming the Wells Fargo name.
- 238,698 (2022)
- Financial services
- US$73.8 billion (2022)
Acquisitions in 1999–2000. Continuing the Norwest tradition of making numerous smaller acquisitions each year, Wells Fargo acquired 13 companies during 1999 with total assets of $2.4 billion. The largest of these was the February purchase of Brownsville, Texas -based Mercantile Financial Enterprises, Inc., which had $779 million in assets.
1998: Norwest acquires Wells Fargo for $31.7 billion and adopts the Wells Fargo name. 2000: Wells Fargo acquires First Security Corporation. Company History: Wells Fargo & Company is a diversified financial services company, ranking as the seventh largest bank holding company in the United States as of 2000.
Why Wells Fargo & Co. closed more than 10,000 express offices around the country over 100 years ago. ... Serving customers worldwide since 1852. Read story. Follow us ...
