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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 profits.
On March 18, 1852, our founders—Henry Wells and William G. Fargo—built an innovative start-up to help customers build businesses and manage money in a rapidly changing world.
Wells, founder of Wells and Company, and Fargo, a partner in Livingston, Fargo, and Company, and mayor of Buffalo, New York, from 1862 to 1863 and again from 1864 to 1865, were major figures in the young and fiercely competitive express industry.
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.
In March 1852, Henry Wells and William G. Fargo founded Wells, Fargo & Co. Just like the company in its early years and today, the men who founded it were known for creating innovative solutions to help their customers succeed.
Key Dates: 1852: Henry Wells and William G. Fargo form Wells, Fargo & Company to provide express and banking services to California. 1860: Wells Fargo gains control of Overland Mail Company, leading to operation of the western portion of the Pony Express.
Historic Moments. Search all stories. Before apps, there was an agent for that. In the last half of the 1800s, Wells Fargo’s network of hundreds of agents would take care of a customer’s personal or commercial business by commission. Read more. Secret codes that kept transactions safe.
May 27, 2024 · Starting out in 1852 as a bank and express company, Wells Fargo used stagecoaches to transport mail, money, and valuables across the US. Years later, it became one of the biggest banks in the...
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.
Wells Fargo identified trusted merchants, shipping firms, and financial services companies to manage its express and banking business worldwide. Wells Fargo extended its services to Canada in 1858, opening a bank and express office in Victoria on Vancouver Island.
