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This Date in Wells Fargo History

May 30, 2015

May 30, 1986. The largest bank merger to date occurred when Wells Fargo acquired The Crocker Bank. In 1883, Collis P. Huntington did not want another Crocker with his Southern Pacific Railroad, so Charles Crocker founded a bank for his son. William Henry Crocker had a natural aptitude for banking and in the early twentieth century, was the most respected banker in California. Through the years, The Crocker Bank merged with the First National Bank of San Francisco to acquire a founding date of 1870 and spread statewide. In the 1970s, Crocker was the first major California bank to promote Automated Teller Machines (ATMs.)