Thursday, January 11, 2007

Wells Fargo open to possibility of more deals

Wells Fargo, a listed California bank, is open to the possibility of more deals, said Felix Fernandez, the northern California regional president for Wells Fargo's community banking division.
An American Banker report said that Fernandez declined to discuss whether Wells would seek more deals, but said the bank is open to being acquisitive. On 10 January, Wells Fargo said it would acquire California-based Placer Sierra Bancshares for USD 645m.


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