Financial secession. (Wall Street West).Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Co. has broken off its Orange County unit from Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . As part of the breakoff break·off n. The act or an instance of breaking off; discontinuance. , managers in Orange County are responsible for profits, expansion, hiring and community giving--activities previously done in Los Angeles. "It made sense for us to financially be our own bank," said Kim Young, regional president and executive vice president of Wells Fargo Community Bank. "The bank has acknowledged that we should break away so that we aren't subsidizing L.A." Other new duties for Orange County managers include accounting, marketing and corporate communications. Wells is the first major bank to split off Orange County as its own region. Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Corp. has centralized operations in Los Angeles, although Bank of America has its own Orange County market president. Washington Mutual Inc. operates its Orange County arm separately from Los Angeles but along with San Diego. Orange County Business Journal  An editor has expressed concern that this article or section is .Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and |
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