Thursday, August 1, 2013

Update from MCC Platinum Partner Wells Fargo

By Joe Kirk, New York/Connecticut Regional President, Wells Fargo

Wells Fargo has a long history in New York City dating back to 1852 when William Fargo and Henry Wells founded the bank here, and today our presence in the city is as strong as ever. It’s an exciting time for us as we continue to grow and expand in Manhattan and throughout the state, enabling us to better serve our customers’ varying professional and personal financial needs, many of which are chamber members.
In October, we celebrated the official opening of our New York City corporate headquarters in the heart of Midtown Manhattan. In an effort to foster closer collaboration among team members and provide a centralized touch point for Wells Fargo in New York City, we decided to consolidate several businesses into one “hub.” Associates from mortgage; wealth, brokerage, and retirement; wholesale, and community banking are in the process of or have already moved into the Class A, energy efficient office building. By the end of 2014, over 1,000 associates will occupy more than 400,000 square feet of space on 15 floors at 150 E. 42nd Street. One particularly unique feature of the building is the historic stagecoach displayed in the lobby. The stagecoach is a symbol of Wells Fargo’s image and brand. Everyone is welcome to visit this piece of history, and I invite you to stop by and take a look.
In addition to our new administrative office, Wells Fargo is opening several store and ATM locations in and around Manhattan. Throughout the city, we have 21 stores and over 65 ATMs but that number is growing. On July 22, we opened a new retail store in the Union Square neighborhood at 104 E. 14 Street, which will serve the area’s 70,000 residents, 40,000 students, more than 12,000 businesses and thousands of visitors each day. Union Square is an important and historic intersection in New York City, and we’re thrilled to introduce our retail services to even more of the city’s residents. We’ve also added ATMs in Rockefeller Center and at the World Trade Center PATH station to better serve our customers wherever and whenever they need us. And later this year, we’ll be opening another new store in Chelsea.

Wells Fargo also recognizes how important businesses are to the landscape of a city, and Manhattan’s thriving and diversified economy presents tremendous opportunities for entrepreneurs. We have bankers throughout Manhattan who can help business owners access the capital and financial services required to operate their businesses. And as America’s #1 SBA 7(a) lender, we are committed to providing the tools and resources an emerging company needs to help achieve long-term financial success.

As important as business growth is to Manhattan, we are equally committed to strengthening our neighborhoods through volunteering and supporting local non-profits. Nationally, Wells Fargo is the top corporate donor to U.S. non-profits. In 2012, the company contributed $10.6 million to approximately 400 New York non-profits and schools through corporate and foundation giving.

Again, I’m so excited about Wells Fargo’s growing presence in this great city. We have nearly 3,000 associates here ready to help satisfy all our customers’ financial needs, and I encourage you to start a conversation with one of them today. Visit or one of our local stores for more information on how we can help you plan for a secure financial future.

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