October 21, 2014 2:06 PM 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 NA Settles Same-Sex Harassment Suit

Wells Fargo Bank NA will pay $290,000 to four female bank tellers and furnish other relief to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission. The lawsuit accused that a female manager and another female bank teller at a Wells Fargo branch in Reno, Nev., regularly subjected the four women to graphic sexual comments, gestures and images. The harassment included inappropriate touching and a suggestion that the bank tellers wear sexually provocative clothing to attract customers and to advance in the workplace.

Wells Fargo Call Center to Eliminate 115 Workers

Wells Fargo Bank told 115 employees at its Roanoke County call center they will be terminated later in 2014, which will eliminate 6.4% of the facility's work force. The cuts are scheduled to take effect in mid-December. Affected employees who worked for the company for a qualifying period of time could get severance benefits. All departing workers will be offered employment assistance and a chance at other jobs in the company for which they qualify.

Wells Fargo Bank Settles Overtime Wages Lawsuits

Wells Fargo Bank agreed to pay $15 million in back overtime wages to nearly 4,500 current and former home mortgage consultants, including 50 to 100 in Houston, where the case was filed and eventually settled in federal court. The loan officers at Wells Fargo and its predecessor, Wachovia Corp., worked more than 50 hours a week taking applications for home loans but were incorrectly classified by the bank as exempt from overtime. The average recovery is about $3,400 per person. The seven ex-employees who came forward initially in 2011 will receive $15,000 to $20,000 each, according to the settlement agreement. Estimated the average annual salary for the home mortgage consultants was between $45,000 and $50,000. The settlement also includes $11.5 million in legal fees.

Similar Private Companies By Industry

Company Name Region
OgdenBancShares Incorporated United States
Minnesota Bank & Trust United States
Security State Bank of Warroad United States
Amsterdam Bancshares, Inc. United States
First United Bank (Park River, ND) United States

Recent Private Companies Transactions

October 10, 2014
Endeavour Operating Corp.
June 20, 2014
Point Plaza Suites at City Cente
June 19, 2014
Wells Fargo Bank, Shadow Ranch West in Indio

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

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