Company Overview

Although it’s stuck by its stagecoach logo, Wells Fargo is anything but stuck in the past. As a market leader in online banking, the firm has shown its willingness to bet on new technology in order to give it a competitive edge. It’s also willing to invest in its business; even during the economic downturn of the early 2000s, Wells Fargo continued to grow through acquisitions. The bank has some 23 million customers, 6,165 stores, and manages $483 billion in assets.

In 2006, the bank acquired Secured Capital, a commercial real estate brokerage, and merged it with its subsidiary Eastdil Realty to form Eastdil Secured. It also announced an agreement to acquire Reilly Mortgage Group. That merger followed the 2005 acquisition of most of the funds and assets under management of Strong Financial—about $34 billion worth—as well as the 2005 purchase of Houston-based bank First Community Capital Corporation. The bank consistently posts solid financial results, fueling further acquisitions. An insider says, “People in the industry perceive us as boring and plodding, but we’re doing incredibly well, with great earnings.” Wells Fargo offers undergrad and MBA hires well-regarded professional development training programs. These programs introduce candidates to various areas of the business, with a combination of classroom training and work experience.