Wells Fargo History

In 1852 Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the West. This company offered banking (buying gold, and selling paper bank drafts as good as gold) - and express (rapid delivery of the gold and anything else valuable) services.

Wells Fargo opened for business in the gold rush port of San Francisco, and soon Wells Fargo’s agents opened offices in other new cities and mining camps of the West. Wells Fargo soon earned a reputation of trust by dealing rapidly and responsibly with people’s money. In the 1860s, it earned everlasting fame - and its corporate symbol - with the grand adventure of the overland stagecoach line.

The famous image of the stagecoach and the reputation of the name saw Wells Fargo well through the mighty events and fantastic growth of the 20th Century. In prosperity, depression and war, even greater post-war prosperity, social changes and ever faster communications technologies, Wells Fargo’s attention to customers’ business has seen it through these great events and brought success.

The name Wells Fargo has reached wider and grown ever since with a first added in every ‘century,’ Wells Fargo has had several technology firsts, as highlighted below:

• First to offer Internet Banking (1995)

• First to offer consumer remittance services to China, Vietnam and Philippines (2005).

• First to launch web-enabled ATMs (2005).

• First to offer business customers on-line remote check deposit (2005)

• Led industry in adoption of Envelope-free ATMs (2006)

• First to offer consumer and small business customers mobile access through text and browser (2007)

• First to offer an online safe to customers (2008)

We have further strengthened our position with the recently announced merger with Wachovia which has helped create one of the strongest financial companies in USA. We are a financial company with a legendary reputation for strength and stability, based on a smart investing style and uncompromising standards.

The Wells Fargo and Wachovia relationship delivers combined strength and stability to our customers, helping them succeed financially now and in the future.

Wells Fargo has $1.6 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 9,000 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally. Headquartered in San Francisco, Wells Fargo has more than 270,000 team members across 80+ businesses. The Company is ranked fourth in assets and first in market value of stock among U.S. peers, as of September 30, 2013.

To learn more about us, log on to www.wellsfargo.com/about