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Wells Fargo: Wells Fargo Bank
built 263 days ago
This subsidiary of Wells Fargo & Company is the nation’s fifth-largest insurance brokerage and the largest bank-holding-company-owned insurance brokerage in the country, with $630 million in revenue and 176 agencies in 36 states. The independent, full-service provider has over 70 years of experience and offers products and services from the country’s leading insurance companies.
SAN FRANCISCO, Jan. 16 /PRNewswire-FirstCall/ -- Tom Pizzo, chairman of Wells Fargo Century, part of Wells Fargo & Company WFC, said today he plans to retire from the company at the end of this June. Under his leadership over the last seven years, the business has grown into one of the nation's largest bank-affiliated companies engaged in factoring, or accounts receivable financing.
Banking giant Wells Fargo announced yesterday that it has bought renewable-energy certificates to offset 40 percent of its current electricity usage over the next three years. Amounting to 550 million kilowatt hours of wind power a year, it is the largest-ever corporate purchase of renewable energy in the U.S., beating out previous record-holder Whole Foods Market's purchase of 458 million kilowatt-hours earlier this year. The country's fifth-largest bank estimates that it will be preventing 380,000 tons of carbon dioxide emissions a year. "The more you can help produce renewable energy sources, the less dependent we will be on oil and natural gas, which could in turn lower energy prices," says a Wells Fargo corporate properties director. And the good PR ain't too shabby either.
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*A Bank of America and Wells Fargo reward is paid for original information leading to the identification, arrest and conviction of a criminal suspect. Bank of America and Wells Fargo, at their sole discretion, will decide who is entitled to a reward, in what amount and the timing of the payment of such reward. Both companies, in their discretion, may pay only a portion of the maximum reward offered. The decision will be based primarily upon the companies' and law enforcement's evaluation of the value of the information provided. When there are multiple claimants, the reward will be shared in amounts determined by each company. Bank of America and Wells Fargo associates and team members are not eligible for the rewards.
Wells Fargo Bank felt that distributed object-oriented middleware would allow them to have a customer information system that would allow them to "see" a customer's entire bank relationship, with the existing systems they had. With The Cushing Group and Digital Equipment Corporation (DEC)/COMPAQ, the bank created its Customer Relationship System (CRS) in three months. The rollout to service customers was completed in another three weeks. Wells Fargo call center representatives were able to retrieve a "customer view" using the customer's TIN (social security number or employer tax number).
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JACKSON, Wyo., Jan. 15 /PRNewswire-FirstCall/ -- Wells Fargo & Company WFC and United Bancorporation of Wyoming Inc. said today they have signed a definitive agreement for Wells Fargo to acquire United Bancorporation of Wyoming's five banking operations in Wyoming and eastern Idaho. After the transaction, Wells Fargo will be #1 in both deposits and assets among banks in Wyoming, the nation's ninth fastest-growing state according to census data (7/2006-7/2007). Terms of the cash transaction agreement were not disclosed.
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