Wells Fargo

Wells Fargo
Financial company

Founding date

: 1852

Founding place

: New York, New York, US


: 167 years ago


  • American international banking and financial services holding company
Real name: Wells Fargo & Company
Founded: 1852
Founders: William Fargo, Henry Wells
How old is Wells Fargo in 2019? 167 years
Where was Wells Fargo founded? New York, New York, US
Headquarters: San Francisco, California
Nationality: American

 What is Wells Fargo? / Facts   

  • It is the world's second largest bank by market capitalization and the third largest bank in the US by assets
  • In July 2015, Wells Fargo became the world's largest bank by market capitalization, edging past ICBC, before slipping behind JP Morgan Chase in September 2016, in the wake of a scandal involving the alleged creation of over 2 million fake bank accounts by thousands of Wells Fargo employees
  • Wells Fargo surpassed Citigroup Inc. to become the third-largest US bank by assets at the end of 2015
  • Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit cards
  • The firm's primary US operating subsidiary is national bank Wells Fargo Bank, NA, which designates its main office as Sioux Falls, South Dakota
  • In 2016, Wells Fargo ranked 7th on the Forbes Magazine Global 2000 list of largest public companies in the world and ranked 27th on the Fortune 500 list of largest companies in the United States
  • In 2015, the company was ranked the 22nd most admired company in the world, and the 7th most respected company in the world
  • As of October 2015, the company had a credit rating of AA−
  • However, for a brief period in 2007, the company was the only AAA-rated bank
  • Wells Fargo in its present form is a result of a merger between San Francisco–based Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998 and the subsequent 2008 acquisition of Charlotte-based Wachovia
  • Following the mergers, the company transferred its headquarters to Wells Fargo's headquarters in San Francisco and merged its operating subsidiary with Wells Fargo's operating subsidiary in Sioux Falls
  • Along with JPMorgan Chase, Bank of America, and Citigroup, Wells Fargo is one of the "Big Four Banks" of the United States
  • As of December 31, 2015, it had 8,700 retail branches and 13,000 automated teller machines
  • The company operates across 35 countries and has over 70 million customers globally
  • Stats - 54k followers on Instagram as of Feb 2019

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Ace Wells Tucker, Adrian Wells, Alan Wells, Alex Wells, Alice Wells, Allan Wells, Brian Fargo, Donna Fargo, Fargo-Moorhead Pride, Fargone Beauties, FARGOS | SCARPE, Heather Fargo

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