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WELLS FARGO AND COMPANY

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WELLS FARGO AND COMPANY

Wells Fargo and Company was firstly established in March 18,1852.Wells Fargo is recognized as the second largest bank in terms of deposits, mortgage services, credit card and debit card business, Third largest bank by market capitalization and fourth largest bank by assets i.e., $1,223,630,000. The Chairman of the board, C.E.O and C.F.O of Wells Fargo and company are Mr. Dick Kovacevich, Mr. John G. Stumpf, and Mr. Howard I. Atkins respectively. Wells Fargo and Company is headquartered in San Francisco, California. This company publicly traded at the New York Stock Exchange. Wells Fargo is a result of an acquisition of California-based Wells Fargo & Co. by Minneapolis -based Norwest Corporation in 1998. This company publicly traded at the New York Stock Exchange. Wells Fargo has 6,650 retail branches, 12,260 ATM's, 276,000 employees and over 48 million customers. Wells Fargo is one of the Big Four Banks of the United States with Bank of America, Citigroup and JP Morgan Chase.

Wells Fargo provides no. of facilities to their clients. The main WELLS FARGO AND COMPANYservices provided by this company are personal banking, retail banking, loan, investment and insurance services, commercial banking, community banking, brokerage, internet banking, calibers and so on. It also offers mutual funds under the Wells Fargo Advantage brand name and Evergreen Funds. The business online banking, provided by Wells Fargo, allows the users to access their account through the internet, manage cash flow, transfer funds and view transaction details. The service also includes direct payment and foreign exchange and online invoicing. Wells Fargo and company provides the online banking including account monitoring, bill payment and money transfer options online brokerage and free online reports. The company also has a mobile banking channel which allows their customers to store and organize copies of important family documents. The investment and insurance department of the company provides its clients with premium private banking services, mutual funds, brokerage, retirement plans and insurance solutions. The offials of Wells Fargo and Company offer a comfortable number of corporate banking and financial services including anti-fraud strategies risk assessment and management services, leasing plans for the purchase of equipment, treasury management, corporate financing, international financial services, commercial loans, etc to their corporate clients. The company offers a wide range of financial services for state institutions, educational establishments, health care and nonprofit organizations through its Government & Institutional Banking business.

Wells Fargo offers a set of tailored banking and finance solutions such as business account management and credit card issuance, merchant card processing, loans and credit lines for the purchase of equipment and means of production, payroll and business insurance services, international trade assistance, cash and credit management, and international money transfer assistance in support of the small and medium-sized business.

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