July 29, 2014 12:58 PM 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 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.

Julie Fritz Joins Wells Fargo Bank as Head of Middle-Market Lending Division

Julie Fritz joined Wells Fargo & Co.'s Wells Fargo Bank to head its middle-market lending division in Connecticut, the Hartford. He succeeds Barbara Harding, who was appointed to a similar position at the bank in Wyoming.

Wells Fargo Bank Names Joe Atkinson as Regional President for South Florida to Replace Frank Newman III

Wells Fargo Bank named Joe Atkinson as its regional president for South Florida. Atkinson began his new job on January 13, 2014. He was previously the Wells Fargo community bank president of the Greater Georgia North region. He started his last job in July 2011 after moving from Texas. Atkinson succeeds Frank Newman III, who was promoted to president for Wells Fargo's Rocky Mountain region in November.

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