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mojo84 wrote:Txglock, Apparently a lot of their customers have had a much different experience since over 5000 employees were fired for fraud involving many of Wells Fargo customers. Glad you were spared the headache many of their customers suffered.

If they can fire 5,000 of them, why can't they fire them all?

My appalling experiences with WF have all been with front line folks. You couldn't call a manager if you tried. Perhaps my assessment of malevolent incompetence was too generous. They were actually devious crooks, forced to do those things and condoned by management policies.

Don't be fooled. The banks have been nationalized, in all but name, and are under the complete control of the government.

It cracks me up to see the likes of Pocahontas hollering at the CEO of WF for dishonesty. Talk about being called ugly by a frog!

The issue I've found with WF the last 30 years or so is malevolent incompetence. It seemed to be getting worse, although I've taken pains to have no dealings with it in my retirement.

It seems this might be a result of "risk management" which seems to hold that you can get away with appalling incompetence most of the time, so the cost of knowing what you are doing is largely wasted, and few customers are big enough to get your skivvies in a wad about.

mojo84 wrote:I believe it is the result of "operation choke point" and the feds putting pressure on the big banks. It's an attenpt at backdoor gun control.

Hogue should find a larg local or regional bank with whom to do their banking. I bet they would get better terms and setvices of they did.

Slight drift, to express my view that the banks have been nationalized but none dare call it that. Oh, they still have shareholders and make a profit, but that is about the only remaining indicia of private enterprise.

Every aspect of a bank's operation is tightly regulated, the days and hours to be open, the locations of branches, what accounts they may offer and on what terms, what loans they may make and on what terms, other investments permitted, who can be a director or officer. If the officers won't or can't bring themselves to comply with the regulations, they are out and the Fed or Treasury find some who will. The name, logos must all be approved, everything but what candies can be offered at the teller desks.

This might be the luckiest thing that's happened to Hogue in a long time.

Now, they can find a bank that meets their needs and wants to, and can.

I have no idea what their banking needs are, but they probably do not need a huge bank. My experience over several decades with Wells Fargo is uniformly poor, only slightly worse than the other really huge banks whose business plans seem to strive for malevolent incompetence.