A distinct history of doing business in Canada

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1852

1852

Henry Wells and William G. Fargo found Wells, Fargo & Co., offering banking and express services for the Gold Rush port of San Francisco. The company’s board of directors resolves to “make arrangements with a Bank, Banker, or other parties in the principal cities and towns in the U.S. and Canada to sell and pay the Drafts or Bills of Exchange of Wells, Fargo & Co.”

1858

1858

Wells Fargo opens an express bank in Victoria, BC during the Frasier River gold rush. Locals and prospectors agree, “Such an establishment is much needed.” A full-service bank is open in Victoria until 1873.

1911

1911

Wells Fargo acquires the Alaska-Pacific Express Company.

1917

1917

Wells Fargo expands its express service to Port Stanley.

1970s

1970s

Wells Fargo establishes subsidiaries in Canada, including Wells Fargo & Company Ltd. and Wells Fargo Realty of Canada during the 1970s.

1982

1982

Canadian banking laws now permit more foreign banks to operate here. Wells Fargo Bank Canada opens with headquarters in Calgary.

1994

1994

Congress Financial, predecessor to Wachovia Capital Finance Corp. (Canada), opens in Toronto.

1998

1998

Wells Fargo joins with Norwest, which has 147 consumer finance locations across Canada through its 1992 acquisition of Trans Canada Credit Corporation Ltd.

2007

2007

Wells Fargo Foothill opens a new Canadian affiliate, Wells Fargo Foothill Canada. Wells Fargo Business Credit Canada opens.

2008

2008

Wells Fargo increases its presence through its acquisition of Wachovia and it’s many holdings.

2010

2010

Wachovia Capital Finance Corp. (Canada), Wells Fargo Business Credit Canada, and Wells Fargo Foothill merge and rebrand under the trade name Wells Fargo Capital Finance.

2016

2016

Wells Fargo acquires the North American portions of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses, as well as a portion of its Corporate Finance business.