Search results
Results From The WOW.Com Content Network
In October 2000, Wells Fargo made its largest deal since the Norwest-Wells Fargo merger when it paid nearly $3 billion in stock for First Security Corporation, a $23 billion bank holding company based in Salt Lake City, Utah, and operating in seven western states.
Seeking to vault into the top tier of American banking, regional powerhouses Wells Fargo and Norwest Corporation agreed to a megamerger in 1998 valued at a towering $34 billion, linking Wells Fargo's West Coast stronghold with Norwest's formidable Midwest and Gulf Coast operations.
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. The merged company took the better-known Wells Fargo name and moved to Wells Fargo's hub in San Francisco.
After close to a century and a half of steady growth, Wells Fargo merged with Norwest Corp. in 1998. A decade later, Wells Fargo bought out East Coast giant Wachovia. Add them all together,...
Using Wells Fargo, customers wary of doing business with distant partners knew they could depend on the local Wells Fargo agent to act on their behalf. A lot has changed since 1852. New communities and industries have emerged and grown.
In October 2000 Wells Fargo made its largest deal since the Norwest-Wells Fargo merger when it paid nearly $3 billion in stock for First Security Corporation, a $23 billion bank holding company based in Salt Lake City, Utah, and operating in seven western states.
In 2008, Wells Fargo & Company acquired Wachovia Corporation to create North America’s most extensive distribution system for financial services, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through approximately 4,600 retail banking branches, more than 11,000 ATMs, the internet ...
Wells Fargo has a long history dating back to the mid-1800s and the settlement of the West. The company grew through acquisitions and mergers with smaller banks and companies. In the 1990s, Wells Fargo merged with Norwest Financial to make itself one of the 10 largest bank holding companies.
First Union merges. On September 1, 2001, First Union and Wachovia merged to create the leading retail bank presence on the East Coast and the fifth-largest full-service retail broker-dealer in the United States. The new company was named Wachovia Corporation.
In March 1852, Henry Wells and William G. Fargo founded Wells, Fargo & Co. Just like the company in its early years and today, the men who founded it were known for creating innovative solutions to help their customers succeed.