Wells Fargo Hiring Hundreds to Develop New Tech Hub in the Columbus Region (2024)

Newly Modernized Facility Will Soon Open in Columbus, Bringing Hundreds of High-Paying Jobs to the Area

Wells Fargo Hiring Hundreds to Develop New Tech Hub in the Columbus Region (1)

Download this Press Release (PDF)

Columbus, Ohio – Continuing the Columbus Region’s influx of growth as a premier technology hub, Wells Fargo is moving forward with plans to bring at least 350 financial technology jobs to the area. The facility, located in Northeast Columbus and currently undergoing modernization, will open soon. Meanwhile, Wells Fargo is already working to hire information technology positions and software developers that will comprise the bulk of the anticipated hires.

“There isn’t a more natural home for this chapter of our business than Columbus,” said Wells Fargo Chief Information Officer, Alan Varrasso. “Technology is moving rapidly, and we’ve carefully developed this project to meet the demands of the market. We’re looking forward to building out this new chapter of our business and making Ohio its home.”

With this new location, Wells Fargo is expanding its footprint in Ohio. Ohio has experienced significant growth in the financial services sector over the past several years. Today it operates as 4th largest financial services sector in America.

“Hundreds of great-paying jobs are coming to Columbus,” said City of Columbus Mayor Andrew J. Ginther. “Jobs of this quality and magnitude are what get people talking, and they generate the kind of momentum that drives future growth and improves the quality of life for our residents. This is fantastic news for the entire region.”

The jobs committed by Wells Fargo are expected to pay an average of $125,000 per year. The building, located at 3075 Loyalty Circle, will help meet the growing demands of mobile banking and the technology necessary to maintain it.

“Investing in fintech is the future of the financial services industry, so it speaks volumes that a global leader in this space that is headquartered on the West Coast chose Ohio for these new operations,” said JobsOhio President and CEO J.P. Nauseef. “Wells Fargo’s new Columbus technology hub will bring hundreds of new IT and software development jobs while strengthening Ohio’s position as the fourth largest financial services state in the nation.”

Wells Fargo Hiring Hundreds to Develop New Tech Hub in the Columbus Region (2)

###

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com

LinkedIn: https://www.linkedin.com/company/wellsfargo

About the City of Columbus
The City of Columbus is the 14th largest city in the United States, with a population of 907,865 residents. The Columbus economy is balanced with a combination of education, technology, government, research, insurance, and healthcare entities as major employers within the City. Columbus is nationally known for its booming downtown, historic neighborhoods, arts and sporting districts, open attitude, and a noticeably affordable quality of life. Learn more about the City of Columbus at new.columbus.gov/Business-Development/Economic-Development.

About JobsOhio
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio throughFind Your Ohio. JobsOhio works with six regional partners across Ohio:Dayton Development Coalition,Ohio Southeast,One Columbus,REDI Cincinnati,Regional Growth PartnershipandTeam NEO.Learn more atwww.jobsohio.com.Follow the company onLinkedIn, TwitterandFacebook.

About One Columbus
As the economic development organization for the 11-county Columbus Region, One Columbus’ mission is to lead a comprehensive regional growth strategy that develops and attracts the world’s most competitive companies, grows a highly adaptive workforce, prepares our communities for the future and inspires corporate, academic and public innovation throughout the Columbus Region. One Columbus expertly guides companies through the location decision process. Through strategic business outreach and customized research, the One Columbus team leverages public, private and institutional partnerships to grow the Columbus Region’s economy and strengthen its national and international competitiveness. Funding is received from more than 300 private organizations, local governments, academic institutions and JobsOhio. Learn more atColumbusRegion.com.

###

For Immediate Release:
December 11, 2023

One Columbus Media Contact
Jon Keeling
614-657-5917
jk@columbuspartnership.com

Related content

  • September 4, 2024

    Columbus Partnership Announces Executive Leadership Transition, Heightened Focus on Economic Development Opportunities

    Download this Press Release (PDF) Columbus, Ohio — The Columbus Partnership today announced plans to boost its focus…

    Read More

  • September 4, 2024

    American Regent Expanding Pharmaceutical Production Facility in New Albany

    Growth of Pharmaceutical Company Emphasizes the Columbus Region’s Place as a Life Sciences Hub Download this Press Release…

    Read More

  • August 15, 2024

    Welspun Expands U.S. Operations with New Manufacturing Facility in Grove City

    Download this Press Release (PDF) Columbus, Ohio – Welspun, a leading global manufacturer and distributor of home textiles,…

    Read More

Wells Fargo Hiring Hundreds to Develop New Tech Hub in the Columbus Region (2024)

FAQs

Wells Fargo Hiring Hundreds to Develop New Tech Hub in the Columbus Region? ›

Columbus, Ohio – Continuing the Columbus Region's influx of growth as a premier technology hub, Wells Fargo is moving forward with plans to bring at least 350 financial technology jobs to the area. The facility, located in Northeast Columbus and currently undergoing modernization, will open soon.

Is Wells Fargo coming to Columbus, Ohio? ›

Wells Fargo's new Columbus technology hub will bring hundreds of new IT and software development jobs while strengthening Ohio's position as the fourth largest financial services state in the nation.”

Why isn't Wells Fargo in Ohio? ›

Wells Fargo is retreating from the Midwest. The bank, scrambling to cut costs and dealing with a wave of scandals, announced plans Tuesday to sell all of its branches in Indiana, Michigan and Ohio. Wells Fargo, the second-largest bank in the country, will no longer have a retail presence in those states.

Does Wells Fargo outsource? ›

Wells Fargo outsources some of its non-core business functions to other countries specializing in these jobs.

Why is Wells Fargo dropping? ›

The bank said the drop was due to the impact of higher interest rates on funding costs. Wells Fargo's second-quarter earnings and revenue exceeded Wall Street expectations.

Is Wells Fargo laying off? ›

Wells Fargo's recent wave of layoffs is a stark indicator of the severe challenges plaguing the banking industry in 2024. In August, the bank announced the elimination of hundreds of jobs, part of a drastic $10 billion cost-cutting initiative that has already seen nearly 50,000 employees laid off since 2023.

Is Wells Fargo bank still in trouble? ›

US eases restrictions on Wells Fargo after years of strict oversight following scandal. NEW YORK (AP) — The Biden administration eased some of the restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals.

What is the Wells Fargo controversy? ›

In 2016, Wells Fargo was embroiled in a scandal when it was revealed that employees had created millions of unauthorized accounts without customers' knowledge. This led to widespread public outrage, the resignation of top executives, and significant financial penalties.

Is Wells Fargo being bought out? ›

GTCR and Reverence Capital Partners agreed to acquire Wells Fargo Asset Management, which will become Allspring Global Investments. Wells Fargo Asset Management is set to rebrand as Allspring Global Investments under its new CEO upon closure of its acquisition by GTCR and Reverence Capital Partners.

Is Wells Fargo hard to get a job? ›

Wells Fargo jobs are fairly competitive. Though the company has plenty of opportunities for job seekers, its generous benefits packages attract many applicants.

Who is Wells Fargo biggest competitor? ›

The main competitors of Wells Fargo are three of the other big four major U.S. banks—JPMorgan Chase, Bank of America, and Citigroup. Combined, these four banks together hold between 40% to 45% of all bank deposits in the country and serve the majority of personal and commercial accounts in the United States.

Are Wells Fargo employees happy? ›

Wells Fargo has an employee rating of 3.6 out of 5 stars, based on 49,019 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Is Wells Fargo going back to the office? ›

Wells Fargo asks employees to return to office in mid-March - memo. Feb 9 (Reuters) - Most of Wells Fargo & Co's employees, including those in customer-facing roles, will return to their offices on March 14 and work under a hybrid flexible model, according to a company memo seen by Reuters on Wednesday.

Is Wells Fargo going to merge? ›

Wells Fargo and Wachovia will create the nation's premier coast-to-coast community banking presence. The combined company will have community banks in 39 states and the District of Columbia.

Is the Wells Fargo scandal still going on? ›

Since the scandal broke, Wells Fargo overhauled its board of directors and management, paid more than a billion dollars in fines and penalties, and has spent eight years trying to show the public that the bad practices are a thing of the past.

Who is leaving Wells Fargo? ›

Wells Fargo Newsroom - Vice Chairman Thomas R. Nides to Leave Wells Fargo and William M. Daley to Return to Prior Role.

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Duane Harber

Last Updated:

Views: 5901

Rating: 4 / 5 (51 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Duane Harber

Birthday: 1999-10-17

Address: Apt. 404 9899 Magnolia Roads, Port Royceville, ID 78186

Phone: +186911129794335

Job: Human Hospitality Planner

Hobby: Listening to music, Orienteering, Knapping, Dance, Mountain biking, Fishing, Pottery

Introduction: My name is Duane Harber, I am a modern, clever, handsome, fair, agreeable, inexpensive, beautiful person who loves writing and wants to share my knowledge and understanding with you.