The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.”

After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 award

The Fed said in a statement that it had “determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth restriction.”