User 364515

Wells Fargo: Hardly a 'Community Bank'

You're missing Mr. Stumpf's point. Wells Fargo views itself as a community bank because that is how most of its decision making procedures are set up, even in the post Wachovia merger era. In other words, Wells Fargo managers in each region are empowered to make the loan decisions, sponsorship decisions, and community support decisions that will most benefit their local communities. Most big banks don't allow their officers in the field such autonomy. THAT is why Wells Fargo is different. THAT is why it calls itself a community bank. And, by the way, it continues to be one of the best run banks -- no, make that one of the best run companies -- in the nation.