January 28, 2015 11:41 AM ET

Banks

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

Phone:

605-575-6900

Fax:

605-575-4815

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.

Similar Private Companies By Industry

Company Name Region
CrossFirst Bank United States
State Capital Trust I United States
Hometown Bank of Pennsylvania United States
Dearborn Federal Savings Bank United States
Heartland Financial Capital Trust I United States

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
November 30, 2014
Delmac Construction & Development, Inc.
Merger/Acquisition
November 11, 2014
Wells Fargo Bank, National Association, A Branch Building On Alton Road
Bankruptcy
November 6, 2014
Texoma Peanut Company
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Wells Fargo Bank, National Association, please visit www.wellsfargo.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.