What historic stagecoach and transport company evolved into a bank?
Answer: On this day in 1852, Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the West.
The company provided transportation and delivery of gold dust, important documents and other valuable freight. The name Wells Fargo is forever linked with the image of a six-horse stagecoach thundering across the American West, loaded with gold. After splitting from the freight business in 1905, the banking portion of the company has remained one of the biggest banking institutions in the world.
Wells Fargo & Company is an American international banking and financial services holding company headquartered in San Francisco, California, with “hubquarters” throughout the country.