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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.
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.
Nov 24, 2009 · On March 18, 1852, in New York City, Henry Wells and William G. Fargo join with several other investors to launch their namesake business, today one of the world's largest banks. The discovery of ...
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.
The Editors of Encyclopaedia Britannica. Below is the article summary. For the full article, see Wells Fargo . Wells Fargo & Co., Leading U.S. banking and financial services company formerly involved in express transport. Founded in 1852, Wells, Fargo transported gold between the west and east coasts in the wake of the California gold rush.
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 ...
its financial assets received.'. Consequently, the company set up a history department staffed by professional historians, archivists, museum and exhibit specialists, and stagecoach drivers.2. 1.1. Wells Fargo & Company, established in 1852 and headquartered in San Fran-. cisco, is one of the largest financial institutions in the United States.
