Wells Fargo & Company, one of the biggest financial services companies of the U.S., is expanding its Midwest operations. Wells Fargo will be starting two new offices in the state of Indianapolis. The new Regional Commercial Banking Office will provide financial services to companies grossing annual revenues of over $10 million throughout Indiana. Lex Curry, Regional Vice President for Commercial Banking at Wells Fargo, will head the new office. Wells Fargo & Company is currently a financial services company worth $428 billion in assets, rendering banking and other finance services to more than 23 million customers. It is also the only "Aaa"- rated bank in the United States.
Bank of America comes up with innovative NASCAR checking accounts
Bank of America Corp. has started offering a NASCAR checking account to attract more retail business to its ATMs and branches. Henceforth, the NASCAR design would appear on checks and statements for a new account. The bank will also provide affinity banking products associated to alumni links and other nonprofit and special interest groups. In 2006, Bank of America signed a five-year contract to become the "Official Bank of NASCAR". Bank of America started expansion work on its present affinity banking program last year after acquiring MBNA Corp. The bank's efforts will draw business from fans of auto racing. The customers who sign up will be able to add the logo of NASCAR or of their favorite driver to their checks, account statements, and debit and credit cards.
US Bank and Cache, Inc., introduce Visa card
US Bank and Cache, Inc., have launched Cache Visa card for Cache customers. The Visa card and Cache Accents loyalty program will provide multiple rewards to the customer. The benefits will include a lifetime five-percent discount on all purchases, and also free ground shipping on all special orders and online purchases. Cache is a nationwide specialty retailer with operations in major states. US Bancorp, the parent company of the US Bank, is worth $221 billion of assets, and is among the top 10 largest commercial banks in the US. The bank operates 2,498 banking offices and 4,837 ATMs providing services in brokerage, insurance, investment, mortgage, and other financial services products to consumers, businesses, and institutions. With the innovative Cache Visa, members will enjoy the privilege of automatic enrollment in the Cache Accents loyalty plan without meeting the $300 threshold required earlier to become a permanent member.
Washington Mutual ranks among the 50 most well regarded US companies
Washington Mutual, Inc., America's prime consumer and small business banking company, became the only bank named in the Reputation Institute's top 50 ranking for the United States. Washington Mutual placed 38th on the list of America's largest companies. Washington Mutual is one of the nation's leading consumer and small business banks. The bank and its subsidiaries had assets of $319.99 billion on March 31st of this year, and it currently operates more than 2,700 consumer and small business banking locations throughout the United States. Fortune magazine also announced Washington Mutual a 2006 Blue Ribbon Company. Reputation Institute is headquartered in New York and is an advisory and research firm functional in more than 20 countries around the globe.
