Wells Fargo & Company
News and overview for Wells Fargo & Company
Wells Fargo s Community Reinvestment Performance Receives Highest Regulatory Rating [Press Release]
Business Wire | 9 hours 39 minutes ago
Wells Fargo & Company (NYSE: WFC) said today that Wells Fargo Bank, N.A. received an “Outstanding” rating – the highest rating possible – in its most recent Community Reinvestment Act (CRA) examination by the Office of the Comptroller of the Currency (OCC). Wells Fargo Bank, N.A., which serves more than 20 million retail households in 39 states and the District of Columbia, met and exceeded community needs in areas such as affordable housing, financial education and small business lending.
Wells Fargo Names John Manning as Head of Commercial Banking Division for Greater Los Angeles [Press Release]
Business Wire | 8 hours 35 minutes ago
Wells Fargo & Company (NYSE: WFC) said today it has named John Manning as head of the Commercial Banking Division for Greater Los Angeles. He succeeds Edmond Lelo, who now heads the Cross-Border Relationship Management team for the company’s International Group in London.
Wells Fargo Announces Agreement to Buy Back Auction Rate Securities [Press Release]
Business Wire | 5 days 7 hours 37 minutes ago
Wells Fargo & Company (NYSE: WFC) announced today that it will purchase Auction Rate Securities (ARS) nationwide from eligible investors who bought ARS through one of three of its broker-dealer subsidiaries prior to February 13, 2008. Eligible investors will receive additional information regarding the terms of the buyback offer by mail within ninety (90) days.
Wells Fargo Supports Clean Technologies with New Commercial Banking Group [Press Release]
Business Wire | 4 days 11 hours 4 minutes ago
Building on its commitment to a better environment and supporting a greener economy, Wells Fargo & Company (NYSE: WFC) today announced a new Commercial Banking group dedicated to supporting clean technology companies. Based in Palo Alto, Wells Fargo’s National Cleantech group will offer customized commercial banking products and services to businesses that manufacture, market or develop clean technologies such as solar and wind power, energy and water efficiency, electric and low-emission veh...
Wachovia Visa Gift Card, Toys for Tots Join Forces to Put Presents Under the Tree for Less Fortunate Children [Press Release]
Business Wire | 14 hours 34 minutes ago
With the national unemployment rate now above 10 percent, Wachovia, a unit of Wells Fargo & Company (NYSE: WFC), announced it will donate $1 to Toys for Tots for every Visa gift card it sells through December 31, 2009 – up to $250,000. Proceeds will provide toys to children who might otherwise not receive them this holiday season.
Wells Fargo Enhances Rewards Program With More Rewards, Features [Press Release]
Business Wire | 5 days 14 hours 34 minutes ago
Wells Fargo & Company (NYSE:WFC) has enhanced its rewards program by adding the Earn More Mall with bonus point opportunities, the ability to purchase retail gift cards, new travel features and benefits, five times as many redemption options, and a redesigned site for easier navigation and improved search capabilities.
Wells Fargo Team Members Donated a Record $41.9 Million to Nonprofits in Annual Community Support and United Way Campaign [Press Release]
Business Wire | 6 days 11 hours 34 minutes ago
Wells Fargo & Company (NYSE:WFC) announced today that its team members pledged a record $41.9 million to more than 25,000 nonprofits and schools through its annual Community Support and United Way Campaign. This was a 21 percent increase over the combined Wells Fargo and Wachovia campaigns in 2008. It was also the Company’s most “green” Campaign to date with nearly 100 percent of all pledges made online and the elimination of nearly all print marketing materials. Over 160,000 team members par...
Wells Fargo Named Best Consumer Internet Bank in North America by Global Finance Magazine [Press Release]
Business Wire | 18 days 9 hours 44 minutes ago
Wells Fargo & Company (NYSE:WFC) was named Best Consumer Internet Bank in North America by Global Finance magazine at the annual awards ceremony last night in New York. The bank also received awards for:
Wells Fargo Cash BackSM Card Rewards Now Available to Pay Home Equity [Press Release]
Business Wire | 13 days 14 hours 34 minutes ago
As homeowners continue to express their desire to pay down debt and focus on saving for the future, Wells Fargo & Company (NYSE:WFC) announced today it has expanded its Wells Fargo Cash BackSM Card program to give eligible customers the ability to pay down their home equity principal. Customers can also choose to automatically apply cash rewards to their eligible Wells Fargo checking and savings accounts, or pay down their personal lines and loans; or they can request their cash rewards in th...
Wells Fargo is America s #1 Small Business Lender According to Government Data [Press Release]
Business Wire | 18 days 14 hours 34 minutes ago
Wells Fargo & Company (NYSE:WFC) today announced it is the #1 Small Business Administration (SBA) 7(a) lender in dollars and the #2 lender in units. Figures for the federal fiscal year, which ended September 30, 2009, show Wells Fargo, together with Wachovia, extended 2,347 SBA-guaranteed loans totaling $827 million in financing to small businesses. Wells Fargo is the #1 SBA lender in both dollars and units in six states: Alaska, Arizona, California, Colorado, Nevada and Texas.
Wells Fargo Insurance Services Names Todd Wartchow Senior Finance Officer [Press Release]
Business Wire | 20 days 8 hours 34 minutes ago
Wells Fargo Insurance Services has named veteran Wells Fargo executive Todd Wartchow as senior finance officer.
Wells Fargo Continues Accelerated Use of Federal Home Affordable Modifications [Press Release]
Business Wire | 13 days 15 hours 2 minutes ago
Wells Fargo & Company (NYSE:WFC) said today that it has done 93,533 trial and completed Home Affordable Modifications through Oct. 31, continuing the strong pace of activity reflected in what the U.S. Treasury reported last month. Also, using its own programs, Wells Fargo has done an additional 309,511 trial and completed home loan modifications this year.
Wells Fargo Expands Commercial Banking in Anaheim [Press Release]
Business Wire | 35 days 12 hours 34 minutes ago
Wells Fargo & Company (NYSE:WFC) has opened a Regional Commercial Banking Office (RCBO) here to serve companies in the industrial corridor between Orange and Los Angeles counties, including Anaheim, Brea, Fullerton, and Santa Fe Springs.
Wells Fargo & Company Declares Cash Dividends on Preferred Stock [Press Release]
Business Wire | 4 days 8 hours 8 minutes ago
Wells Fargo & Company (NYSE:WFC) today announced dividends on two series of preferred stock.
Wells Fargo Acquires Sierra Self Insurance Services [Press Release]
Business Wire | 35 days 5 hours 31 minutes ago
Wells Fargo Insurance Services, Inc. – part of Wells Fargo & Company (NYSE:WFC) - said today it has acquired Sierra Self Insurance Services, LLC. Sierra Self Insurance Services is a single office, a retail insurance broker in Grass Valley, California, northwest of Sacramento. The acquisition closed on October 1, 2009; terms of the transaction were not disclosed.
Company Overview
| Company: | Wells Fargo & Company |
|---|---|
| Industry: | Money Center Banks |
| Website: | http://www.wellsfargo.com |
This stagecoach likely makes a stop near you. One of the top banks in the US, Wells Fargo has about 6,600 bank branches in some 40 states, and more than 4,000 mortgage and consumer finance offices nationwide. Services include consumer and business banking, investment management, insurance, and venture capital investment. A top residential mortgage lender in the US, Wells Fargo is also one of the largest mortgage servicers. The company is a banking industry leader in insurance brokerage through its Wells Fargo Insurance Services subsidiary, as well as leading in mutual funds, online banking, and online brokerage services. In 2008 Wells Fargo bought Wachovia, which increased its assets to some $1.3 trillion.
Key Numbers
| Sales in U.S. Dollars (mil.) | 41,897 (2008) |
|---|---|
| One-year % Growth in Sales | 6.4 (2008) |
| Net Income in U.S. Dollars (mil.) | 2,655 (2008) |
| One-year % Growth in Net Income | -67.0 (2008) |
| Number of Employees | 281,000 (2008) |
| One-year % Growth in Number of Employees | 75.8 (2008) |
| Fiscal Year-End | December |
