Overview of Wells Fargo Bank

Wells Fargo Bank was established in 1870 and is among just a handful of banks in the United States that have been operating for more than 150 years. It is one of the oldest banks in the country and in the world. Wells Fargo is also one of the largest banks in the United States with a top deposit share in several states, and among the most important banks in the country. The bank’s main office is located in the city of Sioux Falls in South Dakota. The bank currently has total assets of $1,764 billion, total net loans outstanding to customers of $873 billion and total customer deposits of $1,518 billion. In addition, the FDIC estimates that 52% of the bank’s domestic deposits are insured. As of this writing, the bank employs 220,176 people. Wells Fargo Bank is also a bank that uses Zelle – this means that its customers can transfer money quickly and for free using the Zelle Network.

Other Information for Wells Fargo Bank

  • Wells Fargo Bank Routing Number: 121000248
  • Main Office Address: 101 N. Phillips Ave., Sioux Falls, SD 57104
  • Website: www.wellsfargo.com
  • Total Number of Branches: 4,955
  • Total Number of International Branches: 30
  • Number of Employees: 220,176
  • FDIC Certificate Number: 3511
  • FDIC Community Bank: No
  • FDIC Field Office: Sioux Falls
  • Independent or Subsidiary Bank: Independent
  • Federal Reserve ID Number: 451965
  • Bank Charter Class: N
  • Primary Regulator: OCC

Wells Fargo Bank Financial Metrics (as of March 2022):

  • Total Assets: $1,764.3 billion (decrease of 0.5% vs. prior year)
  • Net Loans: $872.6 billion (increase of 3.7% vs. prior year)
  • Total Deposits: $1,518.1 billion (increase of 1.8% vs. prior year)
  • Return on Equity: 8.5%
  • Return on Assets: 0.81%