<Ul> <Li> 1852 : Henry Wells and William G. Fargo ( Mayor of Buffalo , NY from 1862 to 1863 and again from 1864 to 1865 ) , the two founders of American Express , formed Wells Fargo & Company to provide express and banking services to California . </Li> <Li> 1860 : Wells Fargo gained control of Butterfield Overland Mail Company , leading to operation of the western portion of the Pony Express . </Li> <Li> 1866 : `` Grand consolidation '' united Wells Fargo , Holladay , and Overland Mail stage lines under the Wells Fargo name . </Li> <Li> 1905 : Wells Fargo separated its banking and express operations ; Wells Fargo 's bank is merged with the Nevada National Bank to form the Wells Fargo Nevada National Bank . </Li> <Li> 1918 : As a wartime measure , the U.S. government nationalizes Wells Fargo 's express franchise into a federal agency known as the U.S. Railway Express Agency ( REA ) . The government took control of the express company . The bank begins rebuilding but with a focus on commercial markets . After the war , REA is privatized and continues service . </Li> <Li> 1923 : Wells Fargo Nevada merged with the Union Trust Company to form the Wells Fargo Bank & Union Trust Company . </Li> <Li> 1929 : Northwest Bancorporation was formed as a banking association . </Li> <Li> 1954 : Wells Fargo & Union Trust shortened its name to Wells Fargo Bank . </Li> <Li> 1960 : Wells Fargo merged with American Trust Company to form the Wells Fargo Bank American Trust Company . </Li> <Li> 1962 : Wells Fargo American Trust again shortened its name to Wells Fargo Bank . </Li> <Li> 1968 : Wells Fargo converted to a federal banking charter , becoming Wells Fargo Bank , N.A. </Li> <Li> 1969 : Wells Fargo & Company holding company was formed , with Wells Fargo Bank as its main subsidiary . </Li> <Li> 1982 : Northwest Bancorporation acquires consumer finance firm Dial Finance which is renamed Norwest Financial Service the following year . </Li> <Li> 1983 : Northwest Bancorporation is renamed Norwest Corporation . </Li> <Li> 1983 : White Eagle , largest U.S. bank heist to date took place at a Wells Fargo depot in West Hartford , Connecticut . </Li> <Li> 1986 : Wells Fargo acquired Crocker National Corporation from Midland Bank . </Li> <Li> 1987 : Wells Fargo acquired the personal trust business of Bank of America . </Li> <Li> 1988 : Wells Fargo acquired Barclays Bank of California from Barclays plc . </Li> <Li> 1995 : Wells Fargo became the first major U.S. financial services firm to offer Internet banking . </Li> <Li> 1996 : Wells Fargo acquired First Interstate Bancorp for $11.6 billion . </Li> <Li> 1998 : Wells Fargo Bank merged with Norwest Corporation of Minneapolis . </Li> <Li> 2000 : Wells Fargo Bank acquired National Bank of Alaska . </Li> <Li> 2000 : Wells Fargo acquired First Security Corporation . </Li> <Li> 2001 : Wells Fargo acquired H.D. Vest Financial Services for $128 million , but sold it in 2015 for $580 million . </Li> <Li> 2007 : Wells Fargo acquired CIT 's construction unit . </Li> <Li> 2007 : Wells Fargo acquired Placer Sierra Bank . </Li> <Li> 2007 : Wells Fargo acquired Greater Bay Bancorp , which had $7.4 billion in assets , in a $1.5 billion transaction . </Li> <Li> 2008 : Wells Fargo acquired United Bancorporation of Wyoming . </Li> <Li> 2008 : Wells Fargo acquired Century Bancshares of Texas . </Li> <Li> 2008 : Wells Fargo acquired Wachovia Corporation . </Li> <Li> 2009 : Wells Fargo acquired North Coast Surety Insurance Services . </Li> <Li> 2012 : Wells Fargo acquired Merlin Securities . </Li> <Li> 2012 : Wells Fargo acquired stake in The Rock Creek Group LP . </Li> <Li> 2016 : In an effort to lessen the damage of the $185 million fine imposed against Wells Fargo ( NYSE : WFC ) & Co , the bank has now announced that they would not be offering broker bonuses and other programs and products . </Li> <Li> 2017 : Retirement of controversial executive vice president of wealth management Jeff Grubb . The Portland , Oregon native has also served as a trustee for M.J. Murdock Charitable Trust of Vancouver , Washington , since 2010 . </Li> </Ul>
<Ul> <Li> 1852 : Henry Wells and William G. Fargo ( Mayor of Buffalo , NY from 1862 to 1863 and again from 1864 to 1865 ) , the two founders of American Express , formed Wells Fargo & Company to provide express and banking services to California . </Li> <Li> 1860 : Wells Fargo gained control of Butterfield Overland Mail Company , leading to operation of the western portion of the Pony Express . </Li> <Li> 1866 : `` Grand consolidation '' united Wells Fargo , Holladay , and Overland Mail stage lines under the Wells Fargo name . </Li> <Li> 1905 : Wells Fargo separated its banking and express operations ; Wells Fargo 's bank is merged with the Nevada National Bank to form the Wells Fargo Nevada National Bank . </Li> <Li> 1918 : As a wartime measure , the U.S. government nationalizes Wells Fargo 's express franchise into a federal agency known as the U.S. Railway Express Agency ( REA ) . The government took control of the express company . The bank begins rebuilding but with a focus on commercial markets . After the war , REA is privatized and continues service . </Li> <Li> 1923 : Wells Fargo Nevada merged with the Union Trust Company to form the Wells Fargo Bank & Union Trust Company . </Li> <Li> 1929 : Northwest Bancorporation was formed as a banking association . </Li> <Li> 1954 : Wells Fargo & Union Trust shortened its name to Wells Fargo Bank . </Li> <Li> 1960 : Wells Fargo merged with American Trust Company to form the Wells Fargo Bank American Trust Company . </Li> <Li> 1962 : Wells Fargo American Trust again shortened its name to Wells Fargo Bank . </Li> <Li> 1968 : Wells Fargo converted to a federal banking charter , becoming Wells Fargo Bank , N.A. </Li> <Li> 1969 : Wells Fargo & Company holding company was formed , with Wells Fargo Bank as its main subsidiary . </Li> <Li> 1982 : Northwest Bancorporation acquires consumer finance firm Dial Finance which is renamed Norwest Financial Service the following year . </Li> <Li> 1983 : Northwest Bancorporation is renamed Norwest Corporation . </Li> <Li> 1983 : White Eagle , largest U.S. bank heist to date took place at a Wells Fargo depot in West Hartford , Connecticut . </Li> <Li> 1986 : Wells Fargo acquired Crocker National Corporation from Midland Bank . </Li> <Li> 1987 : Wells Fargo acquired the personal trust business of Bank of America . </Li> <Li> 1988 : Wells Fargo acquired Barclays Bank of California from Barclays plc . </Li> <Li> 1995 : Wells Fargo became the first major U.S. financial services firm to offer Internet banking . </Li> <Li> 1996 : Wells Fargo acquired First Interstate Bancorp for $11.6 billion . </Li> <Li> 1998 : Wells Fargo Bank merged with Norwest Corporation of Minneapolis . </Li> <Li> 2000 : Wells Fargo Bank acquired National Bank of Alaska . </Li> <Li> 2000 : Wells Fargo acquired First Security Corporation . </Li> <Li> 2001 : Wells Fargo acquired H.D. Vest Financial Services for $128 million , but sold it in 2015 for $580 million . </Li> <Li> 2007 : Wells Fargo acquired CIT 's construction unit . </Li> <Li> 2007 : Wells Fargo acquired Placer Sierra Bank . </Li> <Li> 2007 : Wells Fargo acquired Greater Bay Bancorp , which had $7.4 billion in assets , in a $1.5 billion transaction . </Li> <Li> 2008 : Wells Fargo acquired United Bancorporation of Wyoming . </Li> <Li> 2008 : Wells Fargo acquired Century Bancshares of Texas . </Li> <Li> 2008 : Wells Fargo acquired Wachovia Corporation . </Li> <Li> 2009 : Wells Fargo acquired North Coast Surety Insurance Services . </Li> <Li> 2012 : Wells Fargo acquired Merlin Securities . </Li> <Li> 2012 : Wells Fargo acquired stake in The Rock Creek Group LP . </Li> <Li> 2016 : In an effort to lessen the damage of the $185 million fine imposed against Wells Fargo ( NYSE : WFC ) & Co , the bank has now announced that they would not be offering broker bonuses and other programs and products . </Li> <Li> 2017 : Retirement of controversial executive vice president of wealth management Jeff Grubb . The Portland , Oregon native has also served as a trustee for M.J. Murdock Charitable Trust of Vancouver , Washington , since 2010 . </Li> </Ul>
are bank of america and wells fargo connected
are bank of america and wells fargo connected
1987 : Wells Fargo acquired the personal trust business of Bank of America
1987 : Wells Fargo acquired the personal trust business of Bank of America