Wells Fargo

Wells Fargo is an American financial services company with corporate headquarters in San Francisco, California, and operational headquarters in Manhattan, New York City, New York.
==History==
The first incarnation of Wells Fargo was founded in 1852 by Henry Wells and William G. Fargo, both of whom also founded American Express. Both businessmen provided express and banking services to California, especially after the success of the California Gold Rush. In 1860, Wells Fargo gained control over Butterfield Overland Mail Company, after the United States Congress failed to pass the annual post office appropriation bill, thereby leaving the post office with no way to pay for the Overland Mail Company's services, and leaving Overland no way to pay Wells Fargo. Wells Fargo then operated the western portion of the Pony Express.
In 1872, Lloyd Tevis, the holder of rights to operate an express service over the Transcontinental Railroad, became the president of the company after acquiring a large stake. In 1892, John J. Valentine, Sr., a long time Wells Fargo employee, was named the president of the company. Valentine eventually died on December 21, 1901, and Dudley Evans was named the next president of the company.
In 1918, the United States government nationalized Wells Fargo's express franchise into a federal agency known as the US Railway Express Agency. The federal government took control of the express company. The bank began rebuilding, but with a focus on commercial markets. In 1929, Northwest Bancorporation was formed as a banking association. With the Great Depression on the rise, Wells Fargo gained $2 million of deposits.
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