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Norwest had grown into this position of strength without completing any of the blockbuster mergers that shook up the banking industry in the 1990s, but in June 1998 the bank announced the pending merger with San Francisco-based Wells Fargo & Company in a stock swap worth $34 billion. [1]
In January 2007, Wells Fargo acquired Placer Sierra Bank. [3] In May 2007, Wells Fargo acquired Greater Bay Bancorp, which had $7.4 billion in assets, in a $1.5 billion transaction. [4] [5] In June 2007, Wells Fargo acquired CIT's construction unit. [6] In January 2008, Wells Fargo acquired United Bancorporation of Wyoming. [7] In August 2008 ...
Wells Fargo: Wachovia: Wells Fargo: $15.1 Billion [40] Wells Fargo: 2008 JPMorgan Chase: Washington Mutual: JPMorgan Chase: $1.9 Billion [41] JPMorgan Chase & Co. 2008 Fifth Third Bank: First Charter Bank: Fifth Third Bank: $1.1 billion [42] Fifth Third Bank: 2008 PNC Financial Services: National City Corp. PNC Financial Services: $5.08 billion ...
When Wells Fargo (WFC) dived in and broke up a government-backed bid by Citigroup (C) for teetering Wachovia last fall, it seemed like a logical move. Buying Wachovia would give Wells a coast-to ...
Wells Fargo has announced which Wachovia bank branches will be changed over to its own name this year as it continues to fold the former bank giant into its own brand. In a Wells Fargo-Wachovia ...
Wachovia was a diversified financial services company based in Charlotte, North Carolina.Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. [3]
Wells Fargo. Wachovia Corp. $15.1 billion. Aug. 28, 1995 ... New account products. ... So it’s possible that you’ll experience a banking merger or consolidation at some point, ...
Wells Fargo & Company was an American banking company based in San Francisco, California, that was acquired by Norwest Corporation in 1998. During the California Gold Rush in early 1848 at Sutter's Mill near Coloma, California, financiers and entrepreneurs from all over North America and the world flocked to California, drawn by the promise of huge profits.