Wells Fargo bank was founded in New York City in 1852. Wells Fargo—one of the Big Four banks in the United States with Bank of America, Citigroup and JP Morgan Chase—is now headquartered in San Francisco, California.
The nickname “Wells Fargone” has been cited in print since at least 1997, but has had infrequent use. Other Wells Fargo nicknames include “Hells Fargo” (cited in print since 1992) and “Wells Fiasco” (cited in print since 2010).
Wikipedia: Wells Fargo
Wells Fargo & Company (NYSE: WFC) is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the US by assets and the second largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit card. In 2007 it was the only bank in the United States to be rated AAA by S&P, though its rating has since been lowered to AA-[ in light of the financial crisis of 2007–2010.
The firm’s primary U.S. operating subsidiary is national bank Wells Fargo Bank, N.A., which designates its main office as Sioux Falls, South Dakota for legal purposes.
Wells Fargo in its present form is a result of an acquisition of California-based Wells Fargo & Company by Minneapolis-based Norwest Corporation in 1998. Although Norwest was technically the surviving entity, the new company renamed itself Wells Fargo, capitalizing on the 150-year history of the nationally-recognized name and its trademark stagecoach. Following the acquisition, 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.
In 2010 Wells Fargo had 6,335 retail branches (called stores by Wells Fargo), 12,000 automated teller machines, 280,000 employees and over 70 million customers. Wells Fargo operates stores and ATMs under Wells Fargo’s and Wachovia’s names.
Wells Fargo is one of the Big Four banks of the United States with Bank of America, Citigroup and JP Morgan Chase.
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From: (Ross Bernheim)
Subject: Re: Cyberdog Lives!
Good news indeed! I just hope that they include encryption that will pass Wells Fargone Bank’s security requirements so that I can drop Netscape from my Mac!
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From: David Zeit
Subject: Re: Wells Fargo Not a Good Choice (was Re: WellsFargo Internet Banking?)
Wells Fargo? Not for this kid!!! From Oregon I wish they were Wells Fargone!!!
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From: Jeff Liebermann
Subject: Re: Opinions on Sprint PCS?
Wells Fargone’s banking machine hit me with ads for some kind of loan while I was trying to make a deposit.
The Motley Fool
July 06, 2009 – Comments (3) | RELATED TICKERS: WFC , GS
Fellow Fool Alex Dumortier wrote today about Wells Fargo (NYSE: WFC) taking on Goldman Sachs (NYSE: GS) and the rest of Wall Street—i.e. it plans to expand the i-banking business it got in its Wachovia acquisition.
New York City • Banking/Finance/Insurance • (0) Comments • Wednesday, April 06, 2011 • Permalink