Its earliest and most significant tasks included transporting gold from the Philadelphia Mint and "express" mail delivery that was faster and less expensive than U.S. Fargo, who founded American Express along with John Butterfield, formed Wells Fargo & Company in 1852 to provide "express" and banking services to California, which was growing rapidly due to the California Gold Rush. Main articles: Wells Fargo (1852–1998) and History of Wells Fargo A late 19th century Wells Fargo Bank in Apache Junction, Arizona 1879 Wells Fargo stagecoach The Wells Fargo stage stop built in 1872 in Black Canyon City, Arizona Wells Fargo bank in Chinatown, Houston, Texas A remodeled Wells Fargo bank in Fort Worth, Texas Wells Fargo in Laredo, Texas History Company logo from 1996 until 2019 Wells Fargo became a coast-to-coast bank with the 2008 acquisition of Charlotte-based Wachovia. At the same time, its banking subsidiary merged with Wells Fargo's Sioux Falls-based banking subsidiary. While Norwest was the nominal survivor, the merged company took the better-known Wells Fargo name and moved to Wells Fargo's hub in San Francisco. Wells Fargo, in its present form, is a result of a merger between the original Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998. This charter was issued to First National Bank of Philadelphia on June 20, 1863, by the Office of the Comptroller of the Currency. 1, the first national bank charter issued in the United States. Back-offices are in India and the Philippines with more than 20,000 staff. Wells Fargo has international offices in London, Dublin, Paris, Dubai, Singapore, Tokyo, Shanghai, Beijing, and Toronto, among others. This led to the Wells Fargo cross-selling scandal. A key part of Wells Fargo's business strategy is cross-selling, the practice of encouraging existing customers to buy additional banking services. In addition to banking, the company provides equipment financing via subsidiaries including Wells Fargo Rail and provides investment management and stockbrokerage services. Wells Fargo is ranked 47th on the Fortune 500 list of the largest companies in the U.S. It is one of the most valuable bank brands. It is the second largest retail mortgage originator in the United States, originating one out of every four home loans and services $1.8 trillion in home mortgages, one of the largest servicing portfolios in the US. It has 8,050 branches and 13,000 automated teller machines and 2,000 stand-alone mortgage branches. It is the fourth-largest bank in the United States by total assets and is also one of the largest as ranked by bank deposits and market capitalization. federal courts as a citizen of South Dakota). The firm's primary subsidiary is Wells Fargo Bank, N.A., a national bank that designates its Sioux Falls, South Dakota, site as its main office (and therefore is treated by most U.S. It is a systemically important financial institution according to the Financial Stability Board, and is considered one of the " Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup. The company operates in 35 countries and serves over 70 million customers worldwide. Wells Fargo & Company is an American multinational financial services company with a significant global presence. Louis, Missouri 30 Hudson Yards, home of Wells Fargo's Midtown Manhattan operational headquarters and Wells Fargo Securities' New York offices and trading floors Duke Energy Center in Charlotte, North Carolina home of Wells Fargo Securities $2 stamp and 10 cents stamped envelope with Pony Express cancellation, carried from San Francisco to New York City in 12 days, during June 1861 Wells Fargo Advisors headquarters in St. Express building circa 1860, Stockton, California Mud wagon - Wells Fargo U.S. early receipts (1853, 1869) Stagecoach with Christmas gifts Wells Fargo Bank San Francisco Wells Fargo & Co. Map of Wells Fargo branches in August 2015 Wells Fargo branch in Berkeley, California A former Wachovia branch converted to Wells Fargo in the fall of 2011 in Durham, North Carolina American Express Co.
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