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Article: Wells Fargo & Co.: An Original Alaska Pioneer.(acquires National Bank of Alaska)(Brief Article)
- Article from:
- Alaska Business Monthly
- Article date:
- June 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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National Bank of Alaska will become Wells Fargo & Co. June 24.
Soon after gold miners began scouring the wilds of California for gold in 1848, Henry Wells and William Fargo staked their claim as banking leaders by providing financial services to mining camps and settlements.
The two men established the first Wells Fargo & Co. bank in San Francisco in 1852. The company was successful then because it provided secure transportation of gold, goods and mail to and from the West's wayward settlers.
Today, the nation's fifth-largest bank no longer hauls bags of gold, crates of supplies or mail to far-flung outposts, but it is still a success because ...