The company has been the subject of several investigations by regulators. Wells Fargo is ranked 41st on the Fortune 500 list of the largest companies in the US. Wells Fargo became a coast-to-coast bank with the 2008 acquisition of Charlotte-based Wachovia. At the same time, its banking subsidiary merged with Wells Fargo's Sioux Falls-based banking subsidiary. While Norwest was the nominal survivor, the merged company took the better-known Wells Fargo name and moved to Wells Fargo's hub in San Francisco. Wells Fargo, in its present form, is a result of a merger between the original Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998. It is one of the most valuable bank brands. Wells Fargo is one of the " Big Four Banks" of the United States. Along with JPMorgan Chase, Bank of America and Citigroup. It is the fourth largest bank in the United States by total assets and is also one of the largest as ranked by bank deposits and market capitalization. The firm's primary subsidiary is Wells Fargo Bank, N.A., a national bank chartered in Wilmington, Delaware, which designates its main office in Sioux Falls, South Dakota. It is considered a systemically important financial institution by the Financial Stability Board. The company has operations in 35 countries with over 70 million customers globally. Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California operational headquarters in Manhattan and managerial offices throughout the United States and internationally. $2 stamp and 10 cents stamped envelope with Pony Express cancellation, carried from San Francisco to New York City in 12 days, during June 1861.
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