Last Updated: Dec 14 2010 - Silobreaker

Fact Sheet for Wells Fargo & Company

Name: Wells Fargo & Company
Nationality: United States
Contact Address: 420 Montgomery Street San Francisco   CA   94163 P: +1866.2493302
General: Wells Fargo & Company is a diversified financial services company. The Company provides retail, commercial and corporate banking services through banking stores located in 39 states and the District of Columbia. It provides other financial services, through subsidiaries engaged in various businesses, principally wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. The Company operates in three segments: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement. As of December 31, 2009, the Company provided banking, insurance, investments, mortgage and consumer finance from more than 10,000 stores under various types of ownership and leasehold agreements.   In April 2010, the Company announces that Wells Fargo Bank, N.A. has completed its acquisition of the North American factoring portfolio of the Commercial Services Division of GMAC Commercial Finance. In July 2010, Wells Fargo & Co. announced the restructuring of its Wells Fargo Financial division, including closing its 638 Wells Fargo Financial stores across the United States and exiting the origination of non-prime portfolio mortgage loans. The remaining consumer and commercial loan products offered through Wells Fargo Financial will be realigned with those offered by other Wells Fargo business units and will be available through Wells Fargo's network of community banking and home mortgage stores.   Community Banking   Community Banking offers a line of diversified financial products and services for consumers and small businesses, including investment, insurance and trust services in 39 states and District of Columbia, and mortgage and home equity loans in all 50 states and District of Columbia. Community Banking includes Wells Fargo Financial. Community Banking also offers investment management and other services to retail customers and securities brokerage through affiliates. These products and services include the Wells Fargo Advantage Funds, a family of mutual funds. Loan products include lines of credit, equity lines and loans, equipment and transportation (recreational vehicle and marine) loans, education loans, origination and purchase of residential mortgage loans and servicing of mortgage loans and credit cards. Other credit products and financial services available to small businesses and their owners include receivables and inventory financing, equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, health savings accounts and merchant payment processing. Consumer and business deposit products include checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits and debit cards.   Community Banking serves customers through a range of channels, including traditional banking stores, in-store banking centers, business centers, automated teller machines (ATMs), and Wells Fargo Customer Connection, a 24 hours a day, seven days a week telephone service. Online banking services include single sign-on to online banking, bill pay and brokerage, as well as online banking for small business. Community Banking also includes Wells Fargo Financial consumer finance and auto finance operations. Consumer finance operations make real estate loans to individuals in the United States and the Pacific Rim, and also make direct consumer loans to individuals and purchase sales finance contracts from retail merchants from offices throughout the United States, and in Canada and the Pacific Rim. Auto finance operations specialize in purchasing sales finance contracts directly from auto dealers in Puerto Rico and making loans secured by autos in the United States and Puerto Rico. Wells Fargo Financial also provides credit cards, lease and other commercial financing.   Wholesale Banking   Wholesale Banking provides a line of commercial, corporate, capital markets, cash management and real estate banking products and services. These include traditional commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, mezzanine financing, high-yield debt, international trade facilities, trade financing, collection services, foreign exchange services, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, online/electronic products, such as the commercial electronic office (COO) portal, insurance, corporate trust fiduciary and agency services, and investment banking services....

Compilation by Silobreaker
Although Silobreaker has relied on what it regards as reliable sources while compiling the content herein, Silobreaker cannot guarantee the accuracy, completeness, integrity or quality of such content and no responsibility is accepted by Silobreaker in respect of such content. Readers must determine for themselves what reliance they should place on the compiled content herein.

Related Stories

First reported 15 hours ago - Updated 59 mins ago - 6 reports

4 Steps To Attaining A Mortgage

assetsliabilities Pre-Qualification To pre-qualify for a mortgage, you meet with a lender and provide information about your assets , income and liabilities . With pre-approval, the lender checks your credit, verifies your financial and employment information ... [Published Atlanta Journal And Constitution - 59 mins ago]
Entities: Mortgages
First reported Sep 20 2014 - Updated 4 hours ago - 2 reports

Mortgage fraud is alive and well

If you thought the bad guys had left the mortgage business for greener pastures, think again. The thieves are still out there, ready to separate you from your money. But at the same time, many of us are still not above stretching the truth a little when ... [Published Greenspace - 4 hours ago]
Entities: Mortgages, Fraud, Financing
First reported Sep 19 2014 - Updated Sep 20 2014 - 3 reports

Why Bank of America, JPMorgan, Wells Fargo Are Finally Waking Up

If your browser does not automatically forward you to, please click here. ... [Published - Sep 20 2014]
First reported Sep 19 2014 - Updated Sep 20 2014 - 2 reports

Video: Mortgage rates for Sept. 18, 2014

I'm Greg McBride, chief analyst with, and here is your weekly look at mortgage rates.Mortgage rates were up slightly, but after such a tame summer on the rate front, we now see mortgage rates at three-month highs. The benchmark 30-year fixed ... [Published - Sep 20 2014]
First reported Sep 20 2014 - Updated Sep 20 2014 - 2 reports

Can we build an annexe on our property, sell it and use the proceeds to clear our interest-only mortgage?

My husband and I have joint ownership of a semi-detached property which is on an interest-only mortgage.The mortgage is £95,000 payable until 2021. The valuation of the property three years ago was £285,000.Our children don't want us to sell the property ... [Published Mail Online UK - Sep 20 2014]
First reported Sep 19 2014 - Updated Sep 20 2014 - 9 reports

Mortgage war hotting up ; economy today

The mortgage price war has stepped up a gear as lenders announced a flurry of new rate cuts to home loans.Britain's biggest mortgage lender Halifax has chopped its five- year fixed rates by up to 0.31%, as has its sister bank Lloyds. Leeds Building Society ... [Published 4 Traders - Sep 20 2014]
First reported Sep 19 2014 - Updated Sep 20 2014 - 2 reports

This chart proves mortgage credit availability isn’t improving

For all the talk of expanding the credit box and opening up credit to previously underserved borrowers, there have been no significant fluctuations or improvements to mortgage credit availability since 2009, according to a new report from Bank of America ... [Published - Sep 20 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 2 reports

Mortgage deals reward banks' loyal customers

Nationwide and Santander have both launched mortgage deals aimed at rewarding existing customers. As part of Nationwide's new "loyalty rate mortgages" initiative, every Friday it will compare its rates for existing home-loan customers looking for a new ... [Published Crawford Financial Planning - Sep 19 2014]
First reported Sep 19 2014 - Updated Sep 20 2014 - 5 reports

Guild Mortgage Acquires Comstock Mortgage, Sacramento; Adds New Offices, Top Teams, $600 Million in Loan Volume

Guild Mortgage Co. has acquired Comstock Mortgage, a Sacramento-based independent mortgage banking company with 15 offices, more than 180 loan officers and support staff and $600 million in loan originations…Click to Continue » ... [Published Fort Mills Times - Sep 19 2014]
First reported Sep 19 2014 - Updated Sep 20 2014 - 3 reports

'Mad Money' Lightning Round: You Want to Own Wells Fargo

If your browser does not automatically forward you to, please click here. ... [Published - Sep 19 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 2 reports

Wells Fargo names Harp to lead dealer services business

-- San Francisco-based financial services firm Wells Fargo & Co (NYSE: WFC) said that its consumer lending group has appointed new leaders for its consumer credit solutions and dealer services groups. Tom Wolfe, who most recently served as head of CCS ... [Published - Sep 19 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 3 reports

Top 6 Mortgage Mistakes

During the 2007-2009 financial crisis, the United States economy crumbled because of a problem with mortgage foreclosures. Borrowers all over the nation had trouble paying their mortgages. They allow you to buy a larger house than you can normally qualify ... [Published Atlanta Journal And Constitution - Sep 19 2014]


sort by: Date | Relevance
Wells Fargo (WFC) continues to boost mortgage b... [Published - Sep 19 2014]
Wells Fargo & Company (WFC) has taken yet another step to drive up mortgage originations. The Wall Street banking giant, being one of the largest originators of home loans in the U.S., is loosening lending requirements for people purchasing certain types ...
5 charts show how Wells Fargo plans to grow its... [Published Housing Wire - May 20 2014]
While other banks have been shedding – voluntarily or involuntarily – their mortgage business, Wells Fargo plans to grow it, according to the bank’s investor day presentation. ...
Wells Fargo earnings [Published FOX Business - Video - Jul 11 2014]
FBN’s Cheryl Casone on Wells Fargo’s 2Q earnings, which matched estimates. ...
Wells Fargo CEO Shares Company Role in Communit... [Published theCSRfeed - Aug 28 2014]
SOURCE: Wells Fargo & Company DESCRIPTION: In this interview , Wells Fargo CEO, John Stumpf speaks with Mindy Lubber, president of Ceres, a nonprofit advocating for sustainable business practices. Mindy and John discuss Wells Fargo’s role in rebuilding ...
Wells Fargo cutting 700 mortgage jobs [Published FOX Business - Video - Feb 27 2014]
FBN’s Jo Ling Kent breaks down afternoon market news. ...
1 2 3 4 5 6 7 8 9 10 ...


sort by: Date | Relevance
Wells Fargo snaps earnings streak [Published Reuters Video: Business - Jul 11 2014]
Wells Fargo expands credit card strategy [Published Reuters Video: Business - May 06 2014]
Stocks look to rebound; Wells Fargo reports [Published MarketWatch Morning Stock Talk - Jul 11 2014]
Big spender? Wells Fargo wants you [Published Reuters Video: Business - May 06 2014]
Breakingviews: Wells Fargo's big problem [Published Reuters Video: Business - Jul 11 2014]
1 2 3 4 5 6 7 8 9 10 ...

Press Releases

sort by: Date | Relevance
Wells Fargo Shares Employees' Expertise with No... [Published Financial Services - Aug 05 2014]
Cognizant to Present at Wells Fargo Investor Co... [Published Financial Services - Mar 27 2014]
The Cooper Companies to Present at Wells Fargo ... [Published GlobeNewswire: Acquisitions News - Jun 13 2014]
Stock Building Supply to Present at Wells Fargo... [Published GlobeNewswire: Acquisitions News - May 01 2014]
GOBankingRates Reveals Why Many People Are Wron... [Published Financial Services - Jul 08 2014]
1 2 3 4 5 6 7 8 9 10 ...
Contact Us

Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.