Wells Fargo to establish new campus in Texas

Category: News
Published: 2022-10-13
Wells Fargo to establish new campus in Texas

TEXAS – Texas Governor Greg Abbott announced that Wells Fargo Bank, N.A. will create a new campus in Irving, Texas, which is expected to create 650 new jobs in the region.

Wells Fargo is a leading financial services company offering a diversified suite of banking, investment and mortgage products and services, as well as consumer and commercial finance. The project will create 650 new jobs and US$455 million in capital investment.

According to the Texas government, for the project, Wells Fargo has been awarded a Texas Enterprise Fund (TEF) grant of US$5 million.

“Texas has a long history of leadership in financial services, attracting major operations of the world’s largest financial services companies, as well as the most innovative startups in the field,” said Governor Abbott. “Already home to the largest workforce in the financial services sector, and as the new frontier for financial technology, data centers and more, Texas offers opportunities for Fortune 500 operations to grow.”

“Currently, most of our 3,000 employees are located in various offices throughout the Metroplex,” said Tanya Sanders, Head of Auto for Wells Fargo. “We are thrilled to have a new state-of-the-art campus where we can bring most of our local workforce together for an even better employee experience that prioritizes wellness and sustainability.”

Rick Stopfer, mayor of Irving, commented that the corporation will be a notable addition to the thriving business sector, highlighting a business-friendly environment in the region.

“Wells Fargo’s decision to choose Irving-Las Colinas for its corporate office marks one of the largest real estate deals in our community in the past two decades,” said Beth A. Bowman, President and CEO of the Irving Chamber of Commerce and Economic Development Association.