Wells Fargo Bank
Wells Fargo Bank is the world's diversified financial company, engaged in
banking related financial
service businesses.Wells Fargo was established in 1929 and in San Francisco, California it is
headquartered. In the United states Wells Fargo Bank operates
in three segments. They are as follows
Various products and services such as agency assets, personal trust and
mutual funds are offered by them.
Lines of credit, equity lines and loans, equipment and transportation loans, education loans,
servicing of mortgage loans, origination and purchase of residential mortgage loans,and credit cards
are included in its loan products. Credit products, such as receivables and inventory financing,
health savings accounts, real estate financing, cash management, payroll services,real estate
financing, equipment leases, and credit and debit card processing are also offered by them.
It provides traditional commercial loans and lines of credit, asset-based
lending,letters of credit, equipment leasing, online/electronic products, foreign exchange
services, treasury management, investment management, international trade
facilities,institutional fixed income and equity sales, commodity and equity risk management,
mezzanine financing. Construction loans, permanent loans for securitization, secured and unsecured
lines of credit, interim financing arrangements, rehabilitation loans, land acquisition and
development loans,housing loans and letters of credit and commercial real estate loans are also
offered by this segment.
consumer and real estate loans to individuals are provided by this
segment.
From retail merchants and automobile dealers, Wells Fargo Bank
purchases sales finance contracts. By automobiles it makes its loans secured.
credit cards, lease and other commercial financing are provided by them. Through 6,200
stores,Company has provided its services as of December 31, 2005.
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