Wednesday, March 30, 2011

Make Room for the new 'kid' in town: Welcome Wells Fargo to Stamford/Glenbrook Connecticut

Photo, courtesy of RJ Schwartz, taken 3/27/2011
about 10 days after it went up

Welcome to the new kid on the block.

Or, should I say the new 'team' along with his stagecoach and ponies.

This new bank is on Hope Street right next door to our venerable national institution, the Glenbrook Post Office, which was given a reprieve on life, after threats of its closing over a year ago.

Wells Fargo bought out the severely weakened Wachovia Bank chain in October, 2008 eclipsing Citibank's earlier bid. And now this 160 year old bank, synonymous with the growth of the west via pony express (indeed the bank expanded into the overland mail business in 1855), has arrived here on the east coast.

It's motto 'plastered' all over town in bus kiosks, newspapers, aviation journals (they do aircraft financing, too) etc is "Together we will go Far."

Good luck, Wells, you have had the good fortune of surviving many economic disasters. Perhaps, some East Coast banks can learn from your prudent and conservative national and global business practices that have survived the test of time.



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