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Morgan Stanley Corporate Office

In 1935 a law was passed that stated that investment banking and commercial banking businesses could not operate under a single holding entity. It was therefore necessary for J.P. Morgan & Co. to spin off their investment banking business into a new firm, Morgan Stanley. In the company’s first year of business it achieved 24% of market share ($1.1 billion). 

During the period from 1951 to 1961 Morgan Stanley co-managed the World Bank’s $50 million AAA rated bonds, GM’s $300 million debt issue, IBM’s $231 million stock offering, and AT&T’s $250 million debt offering.

In 1962 Morgan Stanley created the first viable computer model for financial analysis.

In 1971 the company established its Mergers & Acquisitions business, along with Sales & Trading.

In 1997 Morgan Stanley merged with Dean Witter Reynolds and Discover & Co., the spun-off financial services business of Sears Roebuck.

Morgan Stanley has served as the lead underwriter for many large global tech IPOs, including Apple, Facebook, Netscape, Cisco, Compaq, Broadcom Corp., Cogent Inc., Dolby Laboratories, Priceline, Salesforce, Google, and Groupon.

Morgan Stanley had significant problems during the economic crisis of 2008. As a result, in 2008 the company announced that it would become a traditional bank holding company regulated by the Federal Reserve.

Today Morgan Stanley is a multinational financial services corporation. They operate in 42 countries through 1,300 offices and with 60,000 employees. Morgan Stanley had revenue of $32 billion in 2012.

 

Morgan Stanley

In 1935 a law was passed that stated that investment banking and commercial banking businesses could not operate under a single holding entity. It was therefore necessary for J.P. Morgan & Co. to spin off their investment banking business into a new firm, Morgan Stanley. In the company’s first year of business it achieved 24% of market share ($1.1 billion). 

During the period from 1951 to 1961 Morgan Stanley co-managed the World Bank’s $50 million AAA rated bonds, GM’s $300 million debt issue, IBM’s $231 million stock offering, and AT&T’s $250 million debt offering.

In 1962 Morgan Stanley created the first viable computer model for financial analysis.

History

In 1971 the company established its Mergers & Acquisitions business, along with Sales & Trading.

In 1997 Morgan Stanley merged with Dean Witter Reynolds and Discover & Co., the spun-off financial services business of Sears Roebuck.

Morgan Stanley has served as the lead underwriter for many large global tech IPOs, including Apple, Facebook, Netscape, Cisco, Compaq, Broadcom Corp., Cogent Inc., Dolby Laboratories, Priceline, Salesforce, Google, and Groupon.

Morgan Stanley had significant problems during the economic crisis of 2008. As a result, in 2008 the company announced that it would become a traditional bank holding company regulated by the Federal Reserve.

Today Morgan Stanley is a multinational financial services corporation. They operate in 42 countries through 1,300 offices and with 60,000 employees. Morgan Stanley had revenue of $32 billion in 2012.

 

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State Farm Insurance Corporate Office

State Farm Insurance was founded by George Mecherle in 1922 as an automobile insurance company. It was started as a mutual company and so was owned by its policyholders.

The company originally provided auto insurance to farmers. The company expanded in the 1950s to other types of insurance, such as homeowners insurance and life insurance.

In 1964, State Farm became the largest insurance writer in the world.

In the 1990s State Farm Catastrophe Services was founded.

In 1999 State Farm Bank (SFB) opened. It is run by State Farm Financial Services. SFB offers many banking services such as checking, savings, and mortgages, but does not have branches Instead, it offers these services over the phone or via internet, as well as through agents in five states.

State Farm’s main business is State Farm Mutual Automobile Insurance Company.

State Farm continues to be a mutual company, owned by their policyholders. Edward B. Rust has been the CEO since 1985, but retired in 2015. 

Due to the COVID-19 pandemic and quarantine, many drivers virtually stopped driving or drove considerably fewer miles. This led State Farm and other insurance companies to issue partial refunds to consumers. 

State Farm has 18,700 agents working out of  343 claim offices throughout the United States and Canada, has 56,788 employees, and had $81.732 billion in revenue in 2018.

State Farm Insurance

State Farm Insurance was founded by George Mecherle in 1922 as an automobile insurance company. It was started as a mutual company and so was owned by its policyholders.

The company originally provided auto insurance to farmers. The company expanded in the 1950s to other types of insurance, such as homeowners insurance and life insurance.

History

In 1964, State Farm became the largest insurance writer in the world.

In the 1990s State Farm Catastrophe Services was founded.

In 1999 State Farm Bank (SFB) opened. It is run by State Farm Financial Services. SFB offers many banking services such as checking, savings, and mortgages, but does not have branches Instead, it offers these services over the phone or via internet, as well as through agents in five states.

State Farm’s main business is State Farm Mutual Automobile Insurance Company.

State Farm continues to be a mutual company, owned by their policyholders. Edward B. Rust has been the CEO since 1985, but retired in 2015. 

Due to the COVID-19 pandemic and quarantine, many drivers virtually stopped driving or drove considerably fewer miles. This led State Farm and other insurance companies to issue partial refunds to consumers. 

State Farm has 18,700 agents working out of  343 claim offices throughout the United States and Canada, has 56,788 employees, and had $81.732 billion in revenue in 2018.

Filed Under: Banking, Corporate Office, Finance, Financial Services, Headquarters, Insurance Tagged With: State Farm Coronavirus Quarantine refunds, state farm insurance address, state farm insurance corporate address, state farm insurance corporate office headquarters, state farm insurance headquarters, state farm insurance home office, state farm insurance main office, state farm insurance office address, state farm insurance office email, state farm insurance office fax, state farm insurance office phone, state farm insurance office phone number

Citigroup Corporate Office

Citigroup is one of the Big Four banks in the United States. It is a multinational financial services company.

Citigroup was formed by the merger of Citicorp and Traveler’s Group in 1998.

Citicorp traces its roots to the 1812 founding of the City Bank of New York. Citicorp had become the largest bank in the U.S. by 1895 and was the first contributor to the Federal Reserve Bank of New York in 1913.

Traveler’s Group was a group of diverse financial concerns, including property, casualty and life  insurance, retail brokerage, asset management, and annuities.

The merger created a firm worth $140 billion with assets of $700 billion. The deal enabled Traveler’s Group to market mutual funds and insurance to Citicorp’s customers, and allowed Citicorp access to a larger client base.

Citigroup had to be bailed out by the U.S. government during the global financial crisis of 2008 with $25 billion in emergency aid. The company eventually recovered and paid the government back. The U.S. government also received an additional $12 billion from selling the shares they acquired during the bailout.

Today Citigroup has the largest financial services network in the world, working in 140 countries with 16,000 worldwide offices and 260,000 employees.

Citigroup is part of the S&P 500, has 259,000 employees, and had $70.17 billion in revenue in 2012.

Citigroup

Citigroup is one of the Big Four banks in the United States. It is a multinational financial services company.

Citigroup was formed by the merger of Citicorp and Traveler’s Group in 1998.

Citicorp traces its roots to the 1812 founding of the City Bank of New York. Citicorp had become the largest bank in the U.S. by 1895 and was the first contributor to the Federal Reserve Bank of New York in 1913.

History

Traveler’s Group was a group of diverse financial concerns, including property, casualty and life  insurance, retail brokerage, asset management, and annuities.

The merger created a firm worth $140 billion with assets of $700 billion. The deal enabled Traveler’s Group to market mutual funds and insurance to Citicorp’s customers, and allowed Citicorp access to a larger client base.

Citigroup had to be bailed out by the U.S. government during the global financial crisis of 2008 with $25 billion in emergency aid. The company eventually recovered and paid the government back. The U.S. government also received an additional $12 billion from selling the shares they acquired during the bailout.

Today Citigroup has the largest financial services network in the world, working in 140 countries with 16,000 worldwide offices and 260,000 employees.

Citigroup is part of the S&P 500, has 259,000 employees, and had $70.17 billion in revenue in 2012.

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Wells Fargo Corporate Office

Wells Fargo & Company in its present form is the result of the 1998 merger of Norwest Corporation and the original Wells Fargo. The company kept the name to capitalize on the long history and nationwide name recognition of the Wells Fargo name.

The original Wells Fargo was founded in 1852 by Henry Wells and William G. Fargo, who also founded American Express. Wells Fargo was founded as a banking services company in California.

The company has many notable events in its history, such as the biggest bank heist in history at the Wells Fargo Depot in Connecticut.

Wells Fargo was the first company to offer internet banking in 1995.

Wells Fargo has had many major acquisitions over the years, including the 2008 acquisition of Wachovia Corporation, which allowed them to open Wells Fargo Securities.

Today Wells Fargo is the fourth-largest bank in the United States by assets and the largest by market capitalization.

Wells Fargo currently has more than 9,000 retail branches and 12,000 ATMs in 39 states and the District of Columbia and over 70 million customers.

Wells Fargo trades publicly on the New York Stock Exchange under the symbol WFC, is a member of the S&P 500, has nearly 269,000 employees, and had $72.34 billion in revenue in 2020.

After losing customers to online banks, both Bank of America and Wells Fargo drastically cut back or removed bounced check fees and other banking fees in 2021. 

Also in late 2021, executives at Wells Fargo announced that it was cutting expenses while providing more loans, which they expected would help boost earnings in 2022. 

Wells Fargo maintains a corporate office in San Francisco, California

Wells Fargo & Company

Wells Fargo & Company in its present form is the result of the 1998 merger of Norwest Corporation and the original Wells Fargo. The company kept the name to capitalize on the long history and nationwide name recognition of the Wells Fargo name.

The original Wells Fargo was founded in 1852 by Henry Wells and William G. Fargo, who also founded American Express. Wells Fargo was founded as a banking services company in California.

History

The company has many notable events in its history, such as the biggest bank heist in history at the Wells Fargo Depot in Connecticut.

Wells Fargo was the first company to offer internet banking in 1995.

Wells Fargo has had many major acquisitions over the years, including the 2008 acquisition of Wachovia Corporation, which allowed them to open Wells Fargo Securities.

Today Wells Fargo is the fourth-largest bank in the United States by assets and the largest by market capitalization.

Wells Fargo currently has more than 9,000 retail branches and 12,000 ATMs in 39 states and the District of Columbia and over 70 million customers.

Wells Fargo trades publicly on the New York Stock Exchange under the symbol WFC, is a member of the S&P 500, has nearly 269,000 employees, and had $72.34 billion in revenue in 2020.

After losing customers to online banks, both Bank of America and Wells Fargo drastically cut back or removed bounced check fees and other banking fees in 2021. 

Also in late 2021, executives at Wells Fargo announced that it was cutting expenses while providing more loans, which they expected would help boost earnings in 2022. 

Wells Fargo maintains a corporate office in San Francisco, California

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Sovereign Bank Corporate Office

Sovereign Bank is a bank that operates mostly in the Northeastern United States.

Sovereign Bank offers banking services such as ATMs, retail banking, corporate banking, cash management, wealth management, insurance, and mortgages.

Sovereign Bank was founded in 1902 when it was established as a loan association that helped Pennsylvania textile workers to become homeowners.

The bank expanded into New England in 2000 and New York in 2006.

In 2005, Sovereign and Banco Santander of Spain formed a strategic partnership, and Sovereign joined the Santander Group in 2009.

Today Sovereign Bank is a wholly-owned subsidiary of  the Santander Group and is no longer publicly traded.

Sovereign Bank

Sovereign Bank is a bank that operates mostly in the Northeastern United States.

Sovereign Bank offers banking services such as ATMs, retail banking, corporate banking, cash management, wealth management, insurance, and mortgages.

Sovereign Bank was founded in 1902 when it was established as a loan association that helped Pennsylvania textile workers to become homeowners.

History

The bank expanded into New England in 2000 and New York in 2006.

In 2005, Sovereign and Banco Santander of Spain formed a strategic partnership, and Sovereign joined the Santander Group in 2009.

Today Sovereign Bank is a wholly-owned subsidiary of  the Santander Group and is no longer publicly traded.

Filed Under: Banking, Corporate Office, Credit, Finance, Financial Services, Headquarters, Insurance Tagged With: sovereign bank address, sovereign bank corporate address, sovereign bank corporate office headquarters, sovereign bank headquarters, sovereign bank home office, sovereign bank main office, sovereign bank office address, sovereign bank office email, sovereign bank office fax, sovereign bank office phone, sovereign bank office phone number

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