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General Information

Websitewellsfargo.com
Twitter@WellsFargo
Phone1-800-869-3557
Employees
Founded1852

Funds

Offices

HQ
420 Montgomery Street
San Francisco, CA, 94104
USA

People

CTO
Chief Financial officer
VP, Sr. Business Consultant
Vice President and Wealth Specialist
Chief Information Officer
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Wells Fargo Bank

Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores, over 12,000 ATMs and the internet across North America and internationally.

Wells Fargo & Company is an American multinational banking and financial services holding company with operations around the world. Wells Fargo 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 is headquartered in San Francisco, California, with “hubquarters” throughout the country.

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 2007–2012. 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.

Wells Fargo in its present form is a result of a merger between San Francisco-based Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998 and the subsequent 2008 acquisition of Charlotte-based Wachovia. Following the mergers, 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 2012, Wells Fargo had more than 9,000 retail branches and over 12,000 automated teller machines in 39 states and the District of Columbia. A “Big Four bank”, it has over 270,000 employees and over 70 million customers. As of July 12, 2013, Wells Fargo became the world’s biggest bank by market capitalization, worth $236 billion.

Recent Milestones

Investments

Company Date Round Size Participants
Evergreen Enterprises 1/2014Debt$55M1
TowerJazz 12/2013Debt$70M1
Jawbone 9/2013Debt$93M4
Hillerich & Bradsby 8/2013Debt$40M1
T5 Data Centers 5/2013Debt$113M3
CDC Software 11/2010Debt$20M1
CDC Software 4/2010Debt$30M1

Videos

Sources

    Wells Fargo buys back $591M of loans from Fannie (marketwatch.com) [edit]
  1. Retailer Evergreen Enterprises receives $55 mln (pehub.com) [edit]
  2. TowerJazz Gets $70M Credit Line (socaltech.com) [edit]
  3. Jawbone gets more than $100M in new funding to keep up with demand for wearables (gigaom.com) [edit]
  4. With new credit line, Hillerich & Bradsby looks to rebound (bizjournals.com) [edit]
  5. T5 Data Centers Receives $113M Loan (finsmes.com) [edit]
  6. CDC Software Increases its Credit Facility with Wells Fargo Capital Finance to $50 million from $30 million (cdcsoftware.com) [edit]
  7. CDC Software Secures $30 million in New Financing to Fuel Expansion Plans (cdcsoftware.com) [edit]
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Last Edited 4/7/14

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