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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: Wells Fargo
Ownership Structure: publicly traded (ticker symbol WFC)
Headquartered in: California
Major Industry: financial services
Specific Industry: banking
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $253,937,857 | 180 |
Federal (grants and allocated tax credits) | $403,395,359 | 3 |
TOTAL | $657,333,216 | 183 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $0 | 0 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $342,748,587,229 | 284 |
TOTAL | $342,748,587,229 | 284 |
Time Period for State and Local Awards: Earliest year of data: 1992. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2015.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
For an overview of this company's accountability track record, read its Corporate Rap Sheet
here.
Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
New York | $118,510,728 | 6 |
Iowa | $52,861,308 | 13 |
North Carolina | $51,195,107 | 12 |
Missouri | $13,508,582 | 10 |
Arizona | $5,610,326 | 6 |
All other | $12,251,806 | 133 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
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Company | Location | Subsidy Source | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
WELLS FARGO ADVISORS, LLC | Missouri | state | 2008 | $500,000 | | tax credit/rebate |
WELLS FARGO & COMPANY | Missouri | state | 2013 | $549,559 | | tax credit/rebate |
Wells Fargo Equipment Finance, Inc. | North Carolina | state | 2015 | $556,355 | | tax credit/rebate |
Wells Fargo Equipment Finance, Inc. | North Carolina | state | 2018 | $558,833 | | tax credit/rebate |
Wells Fargo Financial | Iowa | local | 2022 | $750,000 | | tax increment financing |
Wells Fargo Financial | Iowa | local | 2021 | $750,000 | | tax increment financing |
Wells Fargo Financial | Iowa | local | 2020 | $750,000 | | tax increment financing |
Wells Fargo | Arizona | state | 2016 | $792,000 | | tax credit/rebate |
Wells Fargo Bank | Colorado | state | | $863,292 | | tax credit/rebate |
Wells Fargo Equipment Finance, Inc. | North Carolina | state | 2017 | $923,406 | | tax credit/rebate |
Prudential Securities | New York | local | 2003 | $936,922 | | tax credit/rebate; property tax abatement |
Wells Fargo Home Mortgage, Inc | Illinois | state | 2004 | $1,000,000 | | grant |
Wells Fargo Home | Maryland | state | 2006 | $1,000,000 | | grant/loan hybrid program |
Wells Fargo Home Mortgage | Maryland | state | 2013 | $1,000,000 | | grant/loan hybrid program |
WELLS FARGO ADVISORS, LLC | Missouri | state | 2012 | $1,048,241 | | tax credit/rebate |
Wells Fargo & Company | Arizona | state | 2019 | $1,083,000 | | tax credit/rebate |
Wells Fargo & Company | Arizona | state | 2017 | $1,221,000 | | tax credit/rebate |
Wells Fargo Bank, National Association | Delaware | state | 2015 | $1,385,025 | | grant/loan hybrid program |
Wells Fargo & Company | Arizona | state | 2018 | $1,731,000 | | tax credit/rebate |
WELLS FARGO ADVISORS, LLC | Missouri | state | 2009 | $2,000,000 | | tax credit/rebate |
WELLS FARGO ADVISORS, LLC | Missouri | state | 2010 | $2,000,000 | | tax credit/rebate |
WELLS FARGO ADVISORS, LLC | Missouri | state | 2011 | $2,000,000 | | tax credit/rebate |
WELLS FARGO ADVISORS, LLC | Missouri | state | 2013 | $2,000,000 | | tax credit/rebate |
Wells Fargo Properties, Inc. (30 HY - Wells Fargo Unit) | New York | local | 2020 | $2,724,721 | | tax credit/rebate |
AG EDWARDS TECHNOLOGY PARTNERS | Missouri | state | 2004 | $2,920,840 | | tax credit/rebate |
Wells Fargo Bank, NA | North Carolina | state | 2020 | $3,386,152 | | tax credit/rebate |
Wells Fargo Bank, N.A. | Iowa | state | 2005 | $3,692,499 | | training reimbursement |
Wells Fargo Bank, NA | North Carolina | state | 2018 | $4,137,820 | | tax credit/rebate |
Wells Fargo Properties, Inc. (30 HY - Wells Fargo Unit) | New York | local | 2021 | $4,239,972 | | tax credit/rebate |
Wells Fargo Properties, Inc. (30 HY - Wells Fargo Unit) | New York | local | 2022 | $4,259,113 | | tax credit/rebate |
Wells Fargo, N.A. | Texas | state | 2022 | $5,001,100 | | grant |
Wells Fargo Bank, N.A. | Iowa | state | 2007 | $5,035,783 | | training reimbursement |
Wells Fargo Bank, NA | North Carolina | state | 2015 | $5,807,890 | | tax credit/rebate |
Wells Fargo Financial, Inc. 05-EZ-13 | Iowa | state | 2004 | $9,200,000 | | enterprise zone |
Wells Fargo Bank, NA | North Carolina | state | 2019 | $9,590,936 | | tax credit/rebate |
Wells Fargo Home Mortgage | Iowa | state | 2003 | $9,775,000 | | tax credit/rebate |
Wells Fargo Home Mortgage | Iowa | state | 2003 | $10,000,000 | | grant |
Wells Fargo Financial 2002-EZ-05 | Iowa | state | 2002 | $11,250,000 | | enterprise zone |
Wells Fargo Bank, NA | North Carolina | state | 2017 | $12,122,394 | | tax credit/rebate |
Wells Fargo Bank, NA | North Carolina | state | 2016 | $13,229,532 | | tax credit/rebate |
Prudential Securities (now part of Wells Fargo) | New York | state | 1992 | $106,200,000 | | MEGADEAL |
Wells Fargo Bank, NA | United States | federal | 2009 | $402,890,731 | | federal grant |