• January 1, 2009

The institutions' merger was effective on Wednesday, creating North America's most extensive distribution system for financial services with 11,000 stores, 12,260 ATMs, wellsfargo.com and Wells Fargo PhoneBank, per Wells Fargo. Wells Fargo and Wachovia customers now have free use of all of the company's combined ATMs.

 

Wells Fargo says it now:

• has community banks in 39 states and the District of Columbia

• is #1 in deposit market share in 18 of those states plus the District of Columbia

• is #1 in the U.S. in community banking presence (6,650 stores), small business lending, middle market commercial banking, agriculture lending, commercial real estate lending, commercial real estate brokerage, and bank-owned insurance brokerage

• is #2 in banking deposits in the U.S., home mortgage originations and servicing, retail brokerage (number of financial advisors), and debit card. Wells Fargo serves 48 million banking households and is one of America's largest private employers with 276,000 team members. --Nina Lentini