This Date in Wells Fargo History This Date in Wells Fargo History. en Copyright 2016, Wells Fargo. All rights reserved. NMLSR ID 399801 Tue, 09 Feb 2016 history 360 Tue, 09 Feb 2016

February 9, 1899. Isaias W. Hellman, noted Los Angeles financier and Wells Fargo Bank's president for 15 years, had an offer to make to the McMinnville National Bank in Oregon. Cashier John F. Bigelow wrote to the Yamhill County cashier E.C. Apperson, saying "We shall be pleased to have your San Francisco account" -- but: "We do not, however, allow interest on balances or on deposits -- and we do not think any other first class Commercial Bank here does." What Hellman did offer, though, was "prompt and very careful attention to all business entrusted to us."

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