Wells Fargo Acquires Insurance Brokers of America in St. Louis

February 28, 2008

Wells Fargo Insurance Services, Inc., a bank-owned insurance brokerage and a subsidiary of Wells Fargo & Co., reports it has acquired St. Louis-based Insurance Brokers of America (IBA).

IBA partners Robert Concannon, Irene Mitchell, Jack Rowe and Jack Engler are to continue their responsibilities with Wells Fargo Insurance Services, the firm said.

The acquisition closed Feb. 1. Terms of the transaction were not disclosed.

Insurance Brokers of America offers property and casualty and employee benefits coverages. The agency's professional staff of 11 team members will continue serving customers from the current offices.

Source: Wells Fargo Insurance Services
www.wellsfargo.com