Wells Fargo has over 9,000 stores and 12,000 ATMs, one of the largest ATM networks in the nation.
Wells Fargo had $1.4 trillion in assets at the end of 2012.
The company ranks No. 1 in customer satisfaction for banks in a survey for the American Consumer Satisfaction Index.
In 2012, Wells Fargo reported revenues of $86.1 billion, up 6%, and record net income of $18.9 billion. The company had $787.2 billion in total loans at the end of 2012. Average deposits at the end of 2012 were $928.8 billion.
“2012 was an outstanding year for Wells Fargo,” said Chairman and CEO John Stumpf. “We saw the continued benefits of our diversified business model and reported record full year and fourth quarter earnings, robust deposit and solid loan growth, and strong performance across our business units. The Company’s success is due to our more than 265,000 team members who remained focused on our customers and on our vision to satisfy all of our customers’ financial needs."
In 1852, Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the West. The new company offered banking (buying gold, and selling paper bank drafts as good as gold) - and express (rapid delivery of the gold and anything else valuable).
Wells Fargo opened for business in the gold rush port of San Francisco, and soon Wells Fargo's agents opened offices in the other new cities and mining camps of the West. In the boom and bust economy of the 1850s, Wells Fargo earned a reputation of trust by dealing rapidly and responsibly with people's money. In the 1860s, it earned everlasting fame - and its corporate symbol - with the grand adventure of the overland stagecoach line.
The company has museums in nine cities across the country that provide free history of Wells Fargo.
Wells Fargo acquired Wachovia Bank in 2008 for $15.1 billion in stock.
Here are some of the benefits offered to Wells Fargo employees:
- Paid Time Off - 20-35 days off each year, depending upon length of service. Six holidays observed each year.
Updated January 18, 2013