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    Wells Fargo
    Financial Services

    Wells Fargo

    United States flagUnited States

    "Committed to helping our customers succeed financially."

    Founded March 18, 1852 San Francisco, California CEO: Charlie Scharf
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    About

    Wells Fargo & Company is a cornerstone of the American financial landscape, operating as a massive multinational financial services company. With a history stretching back to its founding in 1852 by Henry Wells and William Fargo, it has evolved from an express delivery service into one of the nation's largest banks.

    The company, often grouped with the other three major U.S. banks as part of the "Big Four," offers a vast array of financial products and services. This includes everything from everyday checking and savings accounts to complex business banking solutions, loans, and mortgages. They are also a significant player in credit cards and provide extensive online and mobile banking platforms, making financial management accessible for millions.

    Wells Fargo's journey includes significant growth through mergers, notably with Norwest Corporation in 1998 and Wachovia in 2008, which cemented its national presence. Today, it's recognized as a systemically important financial institution, holding substantial assets and a leading position in deposit market share, reflecting its deep integration into the U.S. economy.

    Products & Sub-brands

    Checking accountsSavings accountsLoansMortgagesCredit cardsBusiness banking servicesMerchant servicesPayrollOnline bankingMobile banking

    Frequently Asked Questions

    Who founded Wells Fargo?
    Wells Fargo was founded by Henry Wells and William Fargo. They established the company on March 18, 1852, initially as an express delivery and banking service.
    What are Wells Fargo's main products and services?
    Wells Fargo offers a wide range of financial products, including checking and savings accounts, various types of loans and mortgages, credit cards, and business banking services. They also provide online and mobile banking platforms.
    Is Wells Fargo still a major bank?
    Yes, Wells Fargo remains one of the largest banks in the United States, considered part of the "Big Four." It holds the third-highest deposit market share and has a substantial balance sheet.
    Where is Wells Fargo headquartered?
    Wells Fargo & Company is headquartered in San Francisco, California. However, its primary banking subsidiary, Wells Fargo Bank, N.A., is legally domiciled in Sioux Falls, South Dakota.
    What controversies has Wells Fargo been involved in?
    Wells Fargo has faced significant controversies, including the 2016 fake accounts scandal, fines for fraudulent foreign-exchange practices, and reports of discriminatory lending practices in mortgage refinancing. These issues have led to regulatory penalties and reputational challenges.

    Keywords

    bankingfinancial servicesloansmortgagescredit cardsbusiness banking

    Sources

    Wells Fargo Official WebsiteWikipedia: Wells FargoWells Fargo About UsWells Fargo Mobile and Online BankingWells Fargo Checking and Savings

    Company Info

    Founded
    March 18, 1852
    Founder
    Henry Wells and William Fargo
    CEO
    Charlie Scharf
    Headquarters
    San Francisco, California
    Industry
    Financial Services
    Founded Date
    March 18, 1852
    Number of Customers
    Over 70 million
    Total Assets
    $2.3 trillion
    Deposit Market Share
    Third-highest in the U.S.
    Fortune 500 Rank
    47
    Primary Subsidiary Domicile
    Sioux Falls, South Dakota
    Bank Charter
    Charter No. 1 (First National Bank Charter)

    Official Website

    www.wellsfargo.com

    Links

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