First Union Rail

Company History: Wells Fargo Rail is the new name for the historic First Union Rail Corporation, along with the combined business of the former GE Capital Rail Services, which Wells Fargo purchased from GE in September 2015.

First Union Rail was the freight-car leasing unit of the First Union Corporation, a bank. At some point GE Capital Services, the financial services wing of the GE corporation acquired the assets from First Union bank. Later on, the assets were sold by GE to Wells Fargo.

Successor/Parent History: Wells Fargo Rail is the new name for the historic First Union Rail Corporation, along with the combined business of the former GE Capital Rail Services, which Wells Fargo purchased from GE in September 2015. The new company/name took effect January 1, 2016, and is based in Rosemont, Illinois, USA. Wells Fargo Rail is the largest railcar and locomotive leasing company in North America with over 175,000 railcars and 1,800 locomotives available.

Wells Fargo & Company is an American international banking and financial services holding company headquartered in San Francisco, California.

The company was founded in 1852 by Henry Wells and William G. Fargo, the two founders of American Express, to provide express and banking services to California.

Brief History: The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.