Wells Fargo Hawaii
Wells Fargo Hawaii
Wells Fargo no longer maintains physical branches in Hawaii, and no longer lends on residential mortgages in Hawaii. Wells continues to manage clients’ wealth and may offer a mortgage solution to high-wealth individuals. If you are a Wells Fargo wealth client and want a new mortgage, call your account manager. If they will not help you, we can. Our team is licensed with Wells Fargo to originate residential mortgages in Hawaii and across the United States. You will benefit from local service, fast turn times and direct rates. We do originate mortgages for Chase, BofA and Citi as well, so if you specifically want a Wells Fargo mortgage, simply request that up front.
Big Island Mortgages by Doug Mallardi
(808) 333-4341 doug@bigislandmortgages.com
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Get A New Mortgage. Get A Better Mortgage. Home loans for all Hawaiian islands.
From Wikipedia:
Wells Fargo & Company is an American multinational financial services company with a global presence. The company operates in 35 countries and serves over 70 million customers worldwide. It is considered one of the “Big Four Banks” in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup.[5]
Wells Fargo, in its present form, is a result of a merger between the original Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998. While Norwest was the nominal survivor, the merged company took the better-known Wells Fargo name and moved to Wells Fargo’s hub in San Francisco. At the same time, its banking subsidiary merged with Wells Fargo’s Sioux Falls-based banking subsidiary. Wells Fargo became a coast-to-coast bank with the 2008 acquisition of Charlotte-based Wachovia.
The firm’s primary subsidiary is Wells Fargo Bank, N.A., a national bank that designates its Sioux Falls, South Dakota site as its main office (and is therefore treated by most U.S. federal courts as a citizen of South Dakota).[6] It is the fourth largest bank in the United States by total assets and is also one of the largest as ranked by bank deposits and market capitalization. It has 8,050 branches and 13,000 ATMs.[3] It is one of the most valuable bank brands.[7][8] Wells Fargo is ranked 41st on the Fortune 500 list of the largest companies in the U.S.[9]
The company has been the subject of several investigations by regulators. On February 2, 2018, account fraud by the bank resulted in the Federal Reserve barring Wells Fargo from growing its nearly $2 trillion-asset base any further until the company fixed its internal problems to the satisfaction of the Federal Reserve.[10] In September 2021, Wells Fargo incurred further fines from the United States Justice Department charging fraudulent behavior by the bank against foreign-exchange currency trading customers.[11] Bloomberg Businessweek reported in March 2022 that Wells Fargo was the only major lender in 2020 to reject more home refinancing applications from Black applicants than it approved.[12]
In December 2022, the U.S. levied a $3.7 billion loan management fine upon Wells Fargo. In March 2023, Wells Fargo blamed a technical glitch for misstating the balances of customers’ accounts, in many cases incorrectly deeming the customers as having a negative bank balance.[13] Subsequently, in 2023, prison sentencing took place for employee-directed money laundering and funneling cash illegally to Mexico through the creation of fictitious accounts.[14] (end)
