Wells Fargo Essay

Wells Fargo & Co.
In 1852, Wells Fargo & Co was founded by Henry Wells and William Fargo with a purpose to serve the West. The new company started the banking (buying gold and selling paper bank drafts as good as gold) and expresses (rapid delivery of the gold and anything else valuable).
After starting by Henry Wells and William Fargo, Wells Fargo opened for business in the San Francisco port. Soon Wells Fargo’s agents started to operate their offices in the other cities and camps of the West. During the boom and bust economy of the 1850s, Wells Fargo started to gain trust by dealing rapidly and responsibility with the money of their customers.
Wells Fargo delivered the services by the fastest possible means either it was by stagecoach, steamship,
Supporting the West’s growing business and agriculture, including fledgling auto, aerospace and film
New development in banking not only changed where people banked, but also how they banked. Drive-up tellers, phone banking, express lines, credit cards, automated teller machines, and online banking are some of the innovative solutions to modern customers’ needs. As in the stagecoach days, Wells Fargo has been a pioneer in bringing banking convenience to its customers.
Through the 20th Century Wells Fargo rebuilt from just one office in San Francisco. From 1905 to 1923 it was a premier downtown San Francisco institution. Expanding in 1923 to two marbled banking halls, Wells Fargo was a “banker’s bank” that served the entire west.
During 1960s growth, Wells Fargo became a regional bank of northern California with branches everywhere. In the 1980s Wells Fargo decided to expand into a state-wide banking business and became the seventh largest bank and also launched the online banking.
In the 1990s, Wells Fargo returned to its historic territory throughout the Western, Midwestern, and Eastern