Stage wagon in the context of "Wells Fargo"

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⭐ Core Definition: Stage wagon

Stage wagons are light horse-drawn or mule-drawn public passenger vehicles often referred to as stagecoaches. Like stagecoaches they made long scheduled trips using stage stations or posts where the horses would be replaced by fresh horses. Stage wagons were intended for use in particularly difficult conditions where standard stagecoaches would be too big and too heavy.

This style of vehicle was often called a mud-coach or mud-wagon. More like wagons than coaches, the sides of the vehicle gave passengers little protection from the dirt of the road. Abbot, Downing named theirs an overland wagon. A brand-name, Celerity, later became popular in place of mud (wagon).

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👉 Stage wagon in the context of Wells Fargo

Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide. It is a systemically important financial institution according to the Financial Stability Board, and is considered one of the "Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup.

The company's primary subsidiary is Wells Fargo Bank, N.A., a national bank that designates its Sioux Falls, South Dakota, site as its main office (and therefore is treated by most U.S. federal courts as a citizen of South Dakota). It is the fourth-largest bank in the United States by total assets and is also one of the largest as ranked by bank deposits and market capitalization. It has 8,050 branches and 13,000 automated teller machines and 2,000 stand-alone mortgage branches. It is the second-largest retail mortgage originator in the United States, originating one out of every four home loans, and services $1.8 trillion in home mortgages, one of the largest servicing portfolios in the U.S. It is one of the most valuable bank brands. Wells Fargo is ranked 47th on the Fortune 500 list of the largest companies in the U.S.

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