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Wells Fargo & Company is an American multinational banking and financial services holding company which is headquartered in San Francisco, California, with “hubquarters” throughout the country. It is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit cards. In 2011, Wells Fargo was the 23rd largest company in the United States.
Wells Fargo History
Wells Fargo and Company’s Express provided financial services by the fastest means available: overseas by sailing ship or steamer; and overland by stagecoach, Pony Express or railroad. Within a few years, business was transacted electronically by telegraph, which would later grow to include radio, telephone and the internet.
From the first day of business, Wells Fargo came through for pioneer miners, merchants and ranchers in the West. And in a very short time, the company opened offices in mining camps, towns and cities—there were more than 10,000 Wells Fargo offices by 1918.
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