January 28, 2015 11:41 AM ET


Company Overview of Wells Fargo Bank, National Association

Company Overview

Wells Fargo Bank, National Association provides personal and commercial banking services. It offers deposits and loan products. Wells Fargo Bank, National Association was formerly known as Wells Fargo Bank American Trust Company and changed its name to Wells Fargo Bank, National Association in January 1962. The company was founded in 1852 and is based in Sioux Falls, South Dakota. Wells Fargo Bank, National Association operates as a subsidiary of Wells Fargo & Company.

101 North Phillips Avenue

One Wachovia Center

Sioux Falls, SD 57104

United States

Founded in 1852





Key Executives for Wells Fargo Bank, National Association

Chief Financial Officer and Executive Vice President
Age: 53
President of Northern/Central California Community Banking
Market President of The Fredericksburg
Regional President of South Florida
President of Rocky Mountain Region
Compensation as of Fiscal Year 2014.

Wells Fargo Bank, National Association Key Developments

Wells Fargo Bank, National Association Presents at Americas Lodging Investment Summit, Jan-28-2015 10:00 AM

Wells Fargo Bank, National Association Presents at Americas Lodging Investment Summit, Jan-28-2015 10:00 AM. Venue: JW Marriott & Nokia Theatre L.A., Los Angeles, California, United States. Speakers: Mark Lanspa, Executive Vice President.

NCUA Files Suit Against Wells Fargo Bank NA over Losses on RMBS

Wells Fargo & Co.'s Wells Fargo Bank NA is facing a complaint related to alleged violation of state and federal laws by failing to fulfill its duties as trustee for 27 RMBS trusts. The NCUA said that it is suing in its capacity as liquidating agent for five failed corporate credit unions: U.S. Central Federal Credit Union, Western Corporate Federal Credit Union, Members United Corporate FCU, Southwest Corporate Federal Credit Union and Constitution Corporate FCU.

Appellate Court Upholds $203 Million Judgment against Wells Fargo Bank for Deceiving Customers

Michael W. Sobol of the national plaintiffs' law firm Lieff Cabraser Heimann & Bernstein, LLP, announced that the U.S. Court of Appeals for Ninth Circuit upheld the order of U.S. District Judge William Alsup reinstating a $203 million judgment against Wells Fargo Bank. The district court found that Wells Fargo violated California's unfair competition law by deceiving its customers that debit card purchases would be posted chronologically to their accounts when in fact Wells Fargo posted them in a high-to-low order for the sole purpose of generating overdraft fees. The Ninth Circuit rejected Wells Fargo's claim what the district court's award penalized the bank for practiced permitted under federal law. Quoting the district court, the Ninth Circuit held: '[T]he restitution award was based on Wells Fargo 'affirmatively misleading the class,' a state law claim, not a 'practice protected by federal preemption'. The case before Judge Alsup was brought on behalf of California Wells Fargo customers who, from November 15, 2004 to June 30, 2008, incurred overdraft fees on debit card transactions as a result of the bank's practice of sequencing transactions from highest to lowest.

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