Wells Fargo Bank, National Association
Sioux Falls, South Dakota, Minnehaha County
$1.91T in total assets, the 4th largest of 4,309 US banks and 2nd of 58 headquartered in South Dakota.
- FDIC certificate
- 3511
- Established
- 1870
- Owned by
- Wells Fargo&company
- Primary regulator
- OCC
- Website
- www.wellsfargo.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.91T | 90% | $251B | |
| Loans | $998B | 94% | $144B | |
| Deposits | $1.56T | 94% | $212B | |
| Return on assets | 1.38% | 77% | 1.20% | |
| Net interest margin | 3.13% | 45% | 3.14% | |
| Efficiency ratio | 54.8% | 48% | 54.8% | |
| Equity to assets | 8.88% | 36% | 9.76% | |
| Loans to deposits | 64% | 39% | 74% |
Growth
Total assets grew 1.4% a year over the last 5 years and 1.2% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2011 | Wells Fargo Central Bank Calabasas, CA, an affiliate under the same holding company | $6M |
| Nov 2010 | (unknown, CERT 57755) , SD | $6M |
| May 2010 | Wells Fargo HSBC Trade Bank, National Association San Francisco, CA, an affiliate under the same holding company | $1.5B |
| Apr 2010 | Wachovia Card Services, National Association Atlanta, GA, an affiliate under the same holding company | $3.0B |
| Mar 2010 | First Union Bank of Delaware Wilmington, DE | n/a |
| Mar 2010 | Wachovia Bank, National Association Charlotte, NC, an affiliate under the same holding company | $510B |
| Mar 2010 | Wachovia Bank of Delaware, National Association Wilmington, DE, an affiliate under the same holding company | $4.1B |
| Nov 2009 | WACHOVIA BANK OF COLORADO, INTERIM NATIONAL ASSOCIATION Denver, CO | n/a |
| Nov 2009 | Wells Fargo Bank Southwest, National Association North Las Vegas, NV, an affiliate under the same holding company | $59.9B |
| Apr 2009 | Century Bank, National Association Texarkana, TX, an affiliate under the same holding company | $1.4B |
| Feb 2009 | Wells Fargo Financial Bank Sioux Falls, SD, an affiliate under the same holding company | $6.3B |
| Jan 2009 | Wells Fargo Bank Grand Junction, National Association Grand Junction, CO, an affiliate under the same holding company | $3M |
| Jan 2009 | Wells Fargo Bank Grand Junction-Downtown, National Association Grand Junction, CO, an affiliate under the same holding company | $3M |
| Dec 2008 | The Farmers State Bank at Fort Morgan, Colorado Fort Morgan, CO | $132M |
| Oct 2008 | Shoshone First Bank Cody, WY, an affiliate under the same holding company | $433M |
| Oct 2008 | The Jackson State Bank Jackson, WY, an affiliate under the same holding company | $1.5B |
| Oct 2008 | First State Bank of Pinedale Pinedale, WY, an affiliate under the same holding company | $116M |
| Oct 2008 | Sheridan State Bank Sheridan, WY, an affiliate under the same holding company | $192M |
| Jul 2008 | United Bank of Idaho Driggs, ID | $27M |
| Mar 2008 | Greater Bay Bank, National Association Palo Alto, CA, an affiliate under the same holding company | $6.5B |
| Sep 2007 | Placer Sierra Bank Auburn, CA, an affiliate under the same holding company | $2.5B |
| Sep 2006 | Fremont National Bank of Canon City Canon City, CO, an affiliate under the same holding company | $154M |
| Sep 2006 | Centennial Bank of Pueblo Pueblo, CO, an affiliate under the same holding company | $40M |
| Jun 2006 | State Bank of Rogers Rogers, MN, an affiliate under the same holding company | $94M |
| Sep 2005 | First Community Bank, National Association Houston, TX | $564M |
| Apr 2004 | Pacific Northwest Bank Oak Harbor, WA, an affiliate under the same holding company | $2.8B |
| Feb 2004 | Wells Fargo Bank New Mexico, National Association Albuquerque, NM, an affiliate under the same holding company | $5.4B |
| Feb 2004 | Wells Fargo Bank Illinois, National Association Galesburg, IL, an affiliate under the same holding company | $478M |
| Feb 2004 | Wells Fargo Bank North Dakota, National Association Fargo, ND, an affiliate under the same holding company | $1.5B |
| Feb 2004 | Wells Fargo Bank Ohio, National Association Van Wert, OH, an affiliate under the same holding company | $110M |
| Feb 2004 | Wells Fargo Bank Iowa, National Association Des Moines, IA, an affiliate under the same holding company | $6.6B |
| Feb 2004 | Wells Fargo Bank Michigan, National Association Marquette, MI, an affiliate under the same holding company | $762M |
| Feb 2004 | Wells Fargo Bank Minnesota, National Association Minneapolis, MN, an affiliate under the same holding company | $48.8B |
| Feb 2004 | Wells Fargo Bank Indiana, National Association Fort Wayne, IN, an affiliate under the same holding company | $2.0B |
| Feb 2004 | Wells Fargo Bank South Dakota, National Association Sioux Falls, SD, an affiliate under the same holding company | $8.6B |
| Feb 2004 | Wells Fargo Bank Wisconsin, National Association Milwaukee, WI, an affiliate under the same holding company | $2.6B |
| Feb 2004 | Wells Fargo Bank Arizona, National Association Phoenix, AZ, an affiliate under the same holding company | $12.8B |
| Feb 2004 | Norwest Bank Wisconsin New Berlin, WI, an affiliate under the same holding company | n/a |
| Feb 2004 | Norwest Bank Arizona, National Association Phoenix, AZ, an affiliate under the same holding company | n/a |
| Feb 2004 | Wells Fargo Bank Nevada, National Association Las Vegas, NV, an affiliate under the same holding company | $9.9B |
| Dec 2003 | Bank of Grand Junction Grand Junction, CO | $66M |
| Nov 2003 | Wells Fargo Bank Wyoming, National Association Casper, WY, an affiliate under the same holding company | $2.2B |
| Nov 2003 | Wells Fargo Bank West, National Association Denver, CO, an affiliate under the same holding company | $14.1B |
| Nov 2003 | Wells Fargo Bank Nebraska, National Association Omaha, NE, an affiliate under the same holding company | $3.6B |
| Nov 2003 | Wells Fargo Bank Texas, National Association San Antonio, TX, an affiliate under the same holding company | $24.5B |
| Nov 2003 | Wells Fargo Bank Montana, National Association Billings, MT, an affiliate under the same holding company | $1.6B |
| Nov 2003 | Wells Fargo Bank Alaska, National Association Anchorage, AK, an affiliate under the same holding company | $3.7B |
| Dec 2000 | First Security Bank of California, N.A. West Covina, CA | $1.2B |
| Aug 2000 | Napa National Bank Napa, CA, an affiliate under the same holding company | $190M |
| Aug 2000 | North County Bank Escondido, CA, an affiliate under the same holding company | $403M |
| Jul 2000 | Norwest Bank Red Wing, National Association Red Wing, MN, an affiliate under the same holding company | $124M |
| Feb 2000 | Wells Fargo Bank (Arizona), National Association Phoenix, AZ, an affiliate under the same holding company | $27M |
| Jun 1997 | Wells Fargo Bank (Colorado), National Association Denver, CO | $1.7B |
| Sep 1996 | Wells Fargo Bank of Arizona, National Association Phoenix, AZ | $9.0B |
| Jun 1996 | The Pacific National Bank of Seattle Seattle, WA | n/a |
| Jun 1996 | First Interstate Bank of Washington, National Association Seattle, WA | $5.1B |
| Jun 1996 | First Interstate Bank of Utah, National Association Salt Lake City, UT | $1.1B |
| Jun 1996 | First Interstate Bank of Nevada, National Association Las Vegas, NV | $3.9B |
| Jun 1996 | First Interstate Bank of Oregon, National Association Portland, OR | $5.6B |
| Jun 1996 | First Interstate Bank of New Mexico, National Association Santa Fe, NM | $116M |
| Jun 1996 | First Interstate Bank of Idaho, National Association Boise, ID | $946M |
| Apr 1996 | First Interstate Bank of California Los Angeles, CA | $24.1B |
| Jan 1991 | El Camino Bank Anaheim, CA | $110M |
| Jan 1991 | Citizens Bank of Costa Mesa Costa Mesa, CA | $121M |
| Apr 1990 | Torrey Pines Bank Solana Beach, CA | $437M |
| Mar 1990 | American National Bank Bakersfield, CA | $955M |
| Jan 1990 | Valley National Bank, Glendale Glendale, CA | $251M |
| Jul 1989 | Bank of Paradise Paradise, CA | $60M |
| May 1988 | Barclays Bank of California San Francisco, CA | $1.3B |
| May 1986 | Wells Fargo Bank, National Association San Francisco, CA | $23.5B |
| May 1978 | The First National Bank of Orange County Orange, CA | n/a |
| Aug 1974 | Commercial National Bank Orange County, CA | n/a |
| Jan 1974 | Beverly Hills National Bank Beverly Hills, CA | n/a |
| Dec 1973 | Imperial Valley National Bank El Centro, CA | n/a |
| Oct 1973 | United States National Bank San Diego, CA | n/a |
| May 1972 | The First National Bank of Upland Upland, CA | n/a |
| Nov 1970 | The First National Bank of Holtville Holtville, CA | n/a |
| Apr 1970 | Los Padres National Bank Santa Maria, CA | n/a |
Where they operate
4157 branches in 785 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Minnehaha County, SD | $462B | 96.4% | 1 of 26 |
| Los Angeles County, CA | $59.6B | 11.7% | 3 of 91 |
| San Francisco County, CA | $49.3B | 14.6% | 2 of 46 |
| New York County, NY | $45.9B | 2.4% | 7 of 83 |
| Hennepin County, MN | $38.5B | 26.7% | 2 of 68 |
| Santa Clara County, CA | $36.8B | 21.1% | 2 of 42 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 2,074 branches since 2016 (6,231 to 4,157, −33.3%). 179 opened, 0 acquired, 2,253 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 6,231 | |||
| 2016 | Opened 38 in 15 statesClosed 101 in 28 states | 38 | 101 | −63 | 6,168 |
| 2017 | Opened 13 in 5 statesClosed 206 in 35 states | 13 | 206 | −193 | 5,975 |
| 2018 | Opened 21 in 12 statesClosed 298 in 33 states | 21 | 298 | −277 | 5,698 |
| 2019 | Sold 52 branches to Flagstar Bank, National AssociationOpened 10 in 6 states, closed 196 in 34 states | 10 | 248 | −238 | 5,460 |
| 2020 | Opened 10 in 9 statesClosed 326 in 31 states | 10 | 326 | −316 | 5,144 |
| 2021 | Opened 16 in 7 statesClosed 277 in 34 states | 16 | 277 | −261 | 4,883 |
| 2022 | Opened 11 in 7 statesClosed 201 in 31 states | 11 | 201 | −190 | 4,693 |
| 2023 | Opened 12 in 9 statesClosed 323 in 33 states | 12 | 323 | −311 | 4,382 |
| 2024 | Opened 19 in 11 statesClosed 146 in 24 states | 19 | 146 | −127 | 4,255 |
| 2025 | Opened 24 in 6 statesClosed 110 in 25 states | 24 | 110 | −86 | 4,169 |
| 2026 through Q2 | Opened 5 in 4 statesClosed 17 in 9 states | 5 | 17 | −12 | 4,157 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 23% | 18% | |
| Business (C&I) | 20% | 18% | |
| Consumer | 12% | 20% | |
| Commercial real estate | 8% | 7% | |
| Multifamily | 3% | 3% | |
| Construction and land | 1% | 2% | |
| Other | 32% | 31% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 61% | 72% | |
| Noninterest-bearing | 27% | 15% | |
| Time deposits | 12% | 13% |
Brokered deposits are 9.7% of deposits (peers 7.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.03% | 0.86% |
| Net charge-offs, annualized | 0.40% | 0.35% |
| Reserves to loans | 1.39% | 1.49% |
| Leverage ratio | 8.02% | 9.49% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Dakota
Largest competitors in Minnehaha County, SD
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/wells-fargo-bank-sioux-falls-sd