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- On March 18, 1852, our founders—Henry Wells and William G. Fargo—built an innovative start-up to help customers build businesses and manage money in a rapidly changing world.
www.wellsfargo.com/about/corporate/history/
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Why did Wells Fargo start?
In March 1852, Henry Wells and William G. Fargo founded Wells, Fargo & Co. Just like the company in its early years and today, the men who founded it were known for creating innovative solutions to help their customers succeed.
Wells Fargo, in its present form, is a result of a merger between the original Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998. The merged company took the better-known Wells Fargo name and moved to Wells Fargo's hub in San Francisco.
In October 2000, Wells Fargo made its largest deal since the Norwest-Wells Fargo merger when it paid nearly $3 billion in stock for First Security Corporation, a $23 billion bank holding company based in Salt Lake City, Utah, and operating in seven western states.
Key Dates: 1852: Henry Wells and William G. Fargo form Wells, Fargo & Company to provide express and banking services to California. 1860: Wells Fargo gains control of Overland Mail Company, leading to operation of the western portion of the Pony Express.
4 days ago · Wells Fargo, multinational financial services company with headquarters in San Francisco, California. The founders of the original company were Henry Wells (1805–78) and William George Fargo (1818–81), who had earlier helped establish the American Express Company.
Nov 24, 2009 · On March 18, 1852, in New York City, Henry Wells and William G. Fargo join with several other investors to launch their namesake business, today one of the world's largest banks.
