Latest Wells Fargo Headlines

Wells Fargo Seeks to Block Citigroup Damages

Oct 15 2008 // Wells Fargo & Co., which has agreed to buy Wachovia Corp., asked a federal court to void Citigroup Inc.’s earlier agreement to buy parts of the big North Carolina lender. In a complaint filed Tuesday with the...

Citi, Wells Fargo Extend Cease-Fire Over Wachovia Deal

Oct 9 2008 // Citigroup Inc. and Wells Fargo & Co. agreed to extend their legal standstill for two more days as they scrambled to come to a deal that could see them divvy up troubled regional lender Wachovia Corp. Citigroup, Wells...

Wells Fargo Wins Battle for Wachovia; Citi to Seek Damages

Oct 9 2008 // Wells Fargo & Co. has won the bidding for Wachovia Corp., beating out Citicorp. Citicorp, while stepping aside, said it plans to pursue damages for interference with the deal it had worked out with Wachovia and...

Wachovia, Citi, Wells Fargo to Halt Litigation

Oct 6 2008 // Wells Fargo & Co. and Citigroup Inc. agreed Monday to a 44-hour truce in their fight over regional bank Wachovia Corp. after a weekend of legal wrangling. Wells Fargo and Citigroup have been battling over the bank...

Wells Fargo Agrees to Buy All Wachovia Operations; Citi Deal Off?

Oct 3 2008 // Wells Fargo & Co. said it agreed to buy Wachovia Corp. for about $15.1 billion, without U.S. government help, thwarting a planned Citigroup Inc deal that had been seen as big boost for both Citi and Wachovia. Wells...

Regulators Seek to Resolve Rival Citi, Wells Fargo Bids for Wachovia

Oct 3 2008 // U.S. banking regulators said Friday they will seek to resolve rival acquisition proposals by Citigroup Inc and Wells Fargo & Co for Wachovia Corp. In a surprise announcement, Wells Fargo agreed to buy Wachovia for...

Wells Fargo Insurance Adds Boring As Sales Executive in Southern California

Sep 30 2008 // Wells Fargo Insurance Services Inc. has added Alan Boring as a senior vice president and sales executive in the Southern California region. Boring will specialize in upper middle market and large risk management accounts,...

Business Moves

Sep 22 2008 // CRC Insurance, Southern Risk CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp., has completed a purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and...

Wells Fargo Insurance Acquires Herder – Tarricone in New Jersey

Sep 11 2008 // Wells Fargo Insurance Services, Inc. reported that it has acquired the assets of Three Bridges, New Jersey’s Herder – Tarricone Associates. Herder – Tarricone Associates provides insurance, employee...

Wells Fargo Insurance Services Grows in North Carolina

Sep 10 2008 // Wells Fargo Insurance Services Inc., a bank-owned insurance brokerage and a subsidiary of Wells Fargo & Co., acquired the assets of Greensboro, North Carolina’s Professional Benefits Associates LLC. Professional...

Wells Fargo Names Carroll Senior VP

Sep 10 2008 // Wells Fargo Insurance Services Inc. has named David Carroll senior vice president and west region property practice leader, based in Redwood City, Calif., responsible for coordinating and managing property related risk...

Wells Fargo Acquires Char Clark Associates

Sep 4 2008 // Wells Fargo Insurance Services, a subsidiary of Wells Fargo & Co., has acquired the assets of Spokane, Wash.’s Char Clark Associates Inc. The acquisition adds to Wells Fargo’s presence in Washington...

ABD Insurance Acquires Martin Financial/Insurance Services

Aug 13 2008 // ABD Insurance and Financial Services, a part of Wells Fargo Insurance Services, has acquired the assets of Santa Rosa, Calif.-based Martin Financial/Insurance Services. The acquisition adds to Wells Fargo’s Northern...

Wells Fargo Adds Holden as SVP, Sales Executive

Jul 31 2008 // Wells Fargo Insurance Services Inc. hired Hale “Chip” Holden III as senior vice president and sales executive, based in San Francisco. A long time member of the Bay Area risk management and insurance...

Wells Fargo Names Crenshaw Sales Executive in Omaha Office

Jul 28 2008 // Scott Crenshaw has joined Wells Fargo Insurance Services Inc. as a sales executive in its Omaha, Neb., office. Crenshaw will focus on developing new business opportunities, ensuring customer satisfaction and retention, and...

Hickey, Gervang Join Wells Fargo International Insurance Group

Jul 17 2008 // Wells Fargo Insurance Services, Inc. has made two executive appointments in its international risk management and insurance services group. Patrick Hickey has joined as managing director and national practice leader for...

HLA Becomes Wells Fargo Global Broker Network; Basso Named CEO

Jul 14 2008 // Wells Fargo Insurance Services, a subsidiary of Wells Fargo & Co., said it has become the exclusive manager of the HLA Global Network, now known as the Wells Fargo Global Broker Network. The Network has 10,000...

Jul 7 2008 // People Dayton, Ohio-based Norman-Spencer Agency Inc. named Mark Yearn national program director for its recreational marine division. Yearn will oversee Norman-Spencer’s H2O Headings Program, which serves boat...

Wells Fargo Names Grotts Senior VP and Business Development Manager

Jun 23 2008 // Wells Fargo Insurance Services Inc. named John Grotts a senior vice president and business development manager for the company’s San Francisco Bay Area region. He will be based in the firm’s San Francisco...

Wells Fargo Insurance Services Founds Western Division of Industry Charitable Foundation

Jun 17 2008 // The Insurance Industry Charitable Foundation has launched a new Western Division. After 15 years operating solely in California, the Foundation has expanded to include all areas of the Western United States. Wells Fargo...