Wells Fargo

Banking and financial services company.

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Headquarters:
420 Montgomery St.
San Francisco, CA 94104
Employees: 167,000
CEO: Richard Kovacevich
Stock Symbol: WFC

Website: http://www.wellsfargo.com

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Wells Fargo is one of the nation's top financial services companies ­ providing banking, insurance, investments, mortgage and consumer finance ­ for more than 23 million customers through 6,100 branches, the Internet and other distribution channels across North America and internationally.

Wells Fargo has 605 stores in supermarkets and 6,600 ATMs, the third-largest ATM network in the nation.

Wells Fargo had $482 billion in assets at the end of 2006. The company had average loans of $312 billion. Average deposits were $267.8 billion.

The company has ranked among the top 10 in the nation for corporate donations and is among the nation's top 40 private employers.

In 2006, Wells Fargo reported record revenues of $35.69 billion and net income of $8.49 billion.

History

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.

Benefits

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.
- Medical, Dental & Vision Plans - Choice of plans offered
- Matched 401(k) Plan - Company matches first 6% of contributions
- Disability/Life Insurance
- Commuter Benefits
- Tuition Reimbursement - Up to $5,000 per year
- Financial Products Discounts
- Stock Purchase Plan
- Cash Balance Plan - 3-7% of compensation is credited each quarter
- Flexible Spending Accounts

Updated January 16, 2007

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