Wells Fargo Acquires Char Clark Associates

September 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 –now a total of 4,300 team members across the region, serving customers from 147 banking stores and five insurance brokerage offices.

Char Clark Associates provides group and individual health, life, disability, dental and vision coverages.Company shareholder Charlaine “Char” Clark and her team will transition operations into the Wells Fargo Insurance Services office in Spokane.

Terms of the transaction were not disclosed.

Source: WFIS

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