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Non-Tech : WELLS FARGO -- Ignore unavailable to you. Want to Upgrade?


To: Doug (Htfd,CT) who wrote (1248)1/27/2000 1:06:00 AM
From: David C. Burns  Respond to of 1281
 
Wells Fargo & Company Increases Cash Dividend

SAN FRANCISCO--(BUSINESS WIRE)--Jan. 25, 2000--Wells Fargo & Company (NYSE:WFC) today announced an increase in its quarterly common stock dividend to 22 cents per share from 20 cents per share. The dividend is payable on March 1, 2000 to stockholders of record on February 4, 2000.

Wells Fargo's last dividend increase was effective June 1, 1999, when the dividend was raised from 18.5 cents per share to 20 cents. Wells Fargo has approximately 1.6 billion shares of common stock outstanding.

Wells Fargo & Company is a $218 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through about 6,000 stores, the Internet and other distribution channels across North America, including all 50 states, and elsewhere internationally.

CONTACT:

Wells Fargo

Media: Mary Rodrigues, 415/396-3606

or

Investors: Robert S. Strickland, 415/396-0523



To: Doug (Htfd,CT) who wrote (1248)2/4/2000 11:50:00 AM
From: David C. Burns  Respond to of 1281
 
1st Choice Financial Corp. and Wells Fargo & Company Announce Definitive Agreement

DENVER--(BUSINESS WIRE)--Feb. 4, 2000--Wells Fargo & Company
(NYSE:WFC) and 1st Choice Financial Corp. announced today they have
signed a definitive agreement for Wells Fargo to acquire 1st Choice.
1st Choice is a privately held bank holding company which owns 1st
Choice Bank with seven locations in northern Colorado. Wells Fargo has
eight banking stores in northern Colorado under the Norwest Bank name.

"We chose to partner with Norwest and Wells Fargo because they
share our community banking philosophy which starts with local
management and local decision-making. This partnership is good for our
shareholders, good for our customers and good for our employees," said
Darrell D. McAllister, founder and chief executive officer of 1st
Choice. "For our shareholders, they'll get stock as an investment, a
stock that has performed well in the past. Our employees will have
virtually unlimited opportunities for growth and our customers will
have access to an expanded product line delivered to them when, where
and how they want."

"I can't think of a better partner than 1st Choice to help us
strengthen our position in northern Colorado," said John Nelson, group
executive vice president and head of Wells Fargo in Colorado. "The 1st
Choice team has a great reputation that they've earned by serving
their customers well. We look forward to welcoming them to Wells
Fargo."

Headquartered in Greeley, Colo., 1st Choice has more than $410
million in assets. 1st Choice Bank has seven locations in Weld and
Larimer counties, including banking stores in Fort Collins, Greeley,
Loveland and Windsor.

The companies expect to complete the merger in the second quarter
of this year, pending approval from banking regulators and 1st Choice
shareholders.

1st Choice's Founder and Chief Executive Officer Darrell
McAllister will join Wells Fargo when the merger is complete. 1st
Choice will eventually convert to Wells Fargo's computer systems and
change its name to Wells Fargo, but a definite date for that has not
yet been determined.

Wells Fargo & Company is a $218 billion diversified financial
services company providing banking, insurance, investments, mortgage
and consumer finance through about 6,000 stores, the Internet and
other distribution channels across North America, including all 50
states, and elsewhere internationally. In Colorado, Wells Fargo has
more than 100 Norwest banking stores and 16 Wells Fargo banking
stores. Wells Fargo also serves customers in Colorado through Norwest
Investment Services (33 stores), Norwest Investment Management & Trust
(eight), and Norwest Mortgage (45).

This news release may be deemed to be offering materials of Wells
Fargo & Company in connection with Wells Fargo's proposed acquisition
of 1st Choice Financial Corp. through the merger of a wholly-owned
subsidiary of Wells Fargo with and into 1st Choice upon the terms and
subject to the conditions set forth in the Agreement and Plan of
Reorganization, dated as of February 3, 2000, by and between Wells
Fargo and 1st Choice (the "Agreement"). This filing is being made in
connection with Regulation of Takeovers and Security Holder
Communications (Release Nos. 33-7760 and 34-42055) adopted by the
Securities and Exchange Commission (SEC).

1st Choice and its directors and executive officers may be deemed
to be participants in the solicitation of proxies in respect of the
transactions contemplated by the Agreement. These directors and
executive officers include the following: David J. Calvin, Bruce
Deifik, Sue A. Foster, W. West Foster, Patty Gates, Robert Hinderaker,
William H. Lacock, Darrell D. McAllister, Carroll D. Miller, Jocelyn
Pring, John R. Puma, Michael K. Sanders, Marsha Sword, William J.
Sanders, William J. Warren, Daniel L. White and John Zurbrigen. Of
these directors and executive officers, David J. Calvin, Bruce Deifik,
and Carroll D. Miller may be deemed beneficial owners of approximately
950,722 shares of 1st Choice's common stock (constituting
approximately 29.1% of the outstanding shares). As of October 31,
1999, none of the other persons listed above owns more than 5% of the
outstanding shares of 1st Choice's common stock. In addition, in
connection with the Merger, Darrell D. McAllister has entered into an
employment/non-compete agreement, and Robert Hinderaker has entered
into a non-compete agreement.

Shareholders of 1st Choice and other investors are urged to read
the proxy statement-prospectus which will be included in the
registration statement on Form S-4 to be filed by Wells Fargo with the
SEC in connection with the proposed merger because it will contain
important information. After it is filed with the SEC, the proxy
statement-prospectus will be available for free, both on the SEC's web
site (www.sec.gov) and from 1st Choice's and Wells Fargo's respective
corporate secretaries, as follows:

1st Choice: Wells Fargo:
Corporate Secretary Corporate Secretary
1st Choice Financial Corp. Wells Fargo & Company
5801 West 11th Street MAC N9305-173
Greeley, CO 80634 Sixth and Marquette
(970) 356-7700 Minneapolis, MN 55479

(612) 667-8655

CONTACT:

Wells Fargo & Co.

Cristie Drumm, 303/863-6289

or

1st Choice Financial Corp.

Darrell D. McAllister, 970/356-7700



To: Doug (Htfd,CT) who wrote (1248)2/23/2000 3:22:00 PM
From: David C. Burns  Respond to of 1281
 
Wells Fargo & Company Authorizes Repurchase of Up to 81 Million Common Shares

SAN FRANCISCO--(BUSINESS WIRE)--Feb. 22, 2000--Wells Fargo & Company's (NYSE: WFC) Board of Directors today authorized the Company to acquire, from time to time, up to 81 million shares of the Company's issued and outstanding common stock. This is about five percent of the Company's 1.6 billion shares of outstanding common stock.

On September 28, 1999, the Company announced a share repurchase of up to 82 million shares. Approximately 35 million shares remain to be purchased, substantially all of which is yet to be acquired for announced acquisitions.

These shares, to be purchased at market price, are part of Wells Fargo & Company's systematic pattern of common stock repurchases to meet the periodic common stock issuance requirements of the Company's benefit plans and other stock issuance requirements, including acquisitions accounted for as purchases.

Wells Fargo & Company is a $218 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through about 5,300 stores, the Internet (www.wellsfargo.com) and other distribution channels across North America and elsewhere internationally.

CONTACT:

Wells Fargo & Company

Mary Rodrigues, 415/396-7711 (Media)

Robert S. Strickland, 415/396-0523 (Investors)