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This Date in Wells Fargo History

May 28, 2016

May 28, 1859. At the beginning of the month in Los Angeles, Wells Fargo added a banking office, the only one in town, to its express office in the elegant Bella Union Hotel. By the end of May, the office looked like a bank. "Their vault has been constructed in a substantial manner, guarded by locks of the most cunning and intricate combinations," the Los Angeles Star reported. "An elegant and costly standard [scales] for weighing gold dust, ornaments the counter," the reporter observed. He concluded, "The polite agent, Mr. Henry N. Alexander, is now prepared to afford unlimited facilities for drawing checks, and the transaction of a general exchange business."