Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells Fargo Century, after successfully integrating its credit products with Wells Fargo's products and services.
"For more than 50 years, Century has been a premier factor, providing creative financing solutions. As Wells Fargo Century, we will continue our tradition of being the 'factor of choice' for our clients," said Thomas V. Pizzo, president and chief executive officer of Wells Fargo Century.
"Our name change is a natural evolution of our business strategy to combine our factoring and trade finance expertise with the financial strength of Wells Fargo to help our customers succeed financially."
Century Business Credit has been a part of Wells Fargo since its acquisition in 1999 by The Foothill Group, Inc., a Wells Fargo subsidiary.
