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   Non-TechWELLS FARGO


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To: JakeStraw who wrote (1244)2/1/2000 2:53:00 AM
From: David C. Burns
   of 1281
 
First Commerce and Wells Fargo in Discussions

First Commerce Bancshares, Inc. (NASDAQ: FCBIA & FCBIB) said today that they are in discussions with Wells Fargo & Company (NYSE: WFC) that could lead to a definitive agreement for the acquisition of First Commerce by Wells Fargo. First Commerce said that while no agreement has been reached and there can be no assurance that an agreement will be finalized, the discussions currently place a value on First Commerce of approximately $480 million, which equates to approximately $36.00 per share of Class A and Class B Common Stock.

First Commerce Bancshares, Inc. is a Nebraska-based multibank holding company with banking offices in Lincoln, Grand Island, Hastings, Kearney, McCook, North Platte, Valentine, West Point, Alliance, and Bridgeport, Nebraska, and Colorado Springs, Colorado. First Commerce Bancshares, Inc. also has loan production offices in Mullen, Hyannis, Holdrege, Snyder, Wood River and Cairo, Nebraska, Goodland, Kansas, and Burlington, Colorado. Norwest Bank Nebraska, N.A., a subsidiary of Wells Fargo, has 30 banking offices in Nebraska serving six communities.

CONTACT:

James Stuart Jr.

Chairman

First Commerce Bancshares, Inc.

(402) 434-4106

or

Judy Owen

President

Norwest Bank,

(402) 536-2106

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To: David C. Burns who wrote (1250)2/2/2000 9:18:00 AM
From: David C. Burns
   of 1281
 
Wells Fargo Agrees to Acquire First Commerce Bancshares

LINCOLN, Neb., Feb. 2 /PRNewswire/ -- Wells Fargo & Company (NYSE: WFC)
and Lincoln-based First Commerce Bancshares, Inc. (Nasdaq: FCBIA, FCBIB)
announced today that Wells Fargo has agreed to acquire First Commerce
Bancshares.

First Commerce, the fourth-largest bank in Nebraska, has assets of
$2.55 billion, 1,375 employees and 26 locations in 10 Nebraska communities and
one location in Colorado Springs, Colo.

The merger values First Commerce at approximately $480 million or $35.95
per share of Class A common stock and Class B common stock.

This represents a premium of approximately 40.9% to the average closing
price of Class A common stock over the last 30 trading days and a premium of
approximately 51.0% to the average closing price of Class B common stock over
the same period. The exchange ratio will be determined by dividing $35.95 by
the average of the closing prices of a share of Wells Fargo common as reported
on the consolidated tape of the New York Stock Exchange during the period of
20 trading days ending on the day immediately before the meeting of First
Commerce shareholders called to vote on the proposed merger.

The merger, which is subject to regulatory approval and the approval of
First Commerce shareholders, is expected to be completed in the third quarter
of this year.

Once the acquisition is complete, First Commerce will become part of
Norwest Bank Nebraska, a Wells Fargo subsidiary, making Norwest the
second-largest bank in Nebraska based on deposits.

"Selecting a merger partner that shares our strong commitment to customer
service and building great communities is very important to me," said
Jim Stuart, Jr., chairman and CEO of First Commerce Bancshares. "We feel our
combination with Norwest will serve the best long-term interests of our
employees, our customers and the communities we've helped nurture for most of
the 20th century. Our belief that local managers are best qualified to make
the right decisions for the communities where they live and work is an
integral part of the way Norwest does business. Norwest also recognizes the
need to balance that approach with the advantages gained by having banking
resources and services available to more completely serve customers. Coupled
with its outstanding reputation as a company that values employees, customers,
community support, and the broadest product line in the business, Norwest was
the right choice."

"Norwest and First Commerce share many values that have helped both of us
become outstanding companies: great customer service, building strong
communities, and the value we place on our team members," said Judith Owen,
president of Norwest Bank Nebraska. "We think this is a great combination.
The combined company will be more focused than ever on earning 100 percent of
our customers' business and helping our customers succeed financially."

"Norwest's business philosophy of community reinvestment is based on local
decision-making," Owen said. "It is the key to serving our communities
effectively. We believe the best decisions are local decisions made by local
people. It is our belief that in Nebraska, our market managers are in the
best position to understand their community and to make decisions on local
community involvement."

Over the past five years, Norwest Bank Nebraska has contributed over
$3.5 million to non-profit organizations in Nebraska.

Norwest has 30 Nebraska banking stores serving Bellevue (2 stores), Grand
Island (3), Hastings (2), Lincoln (6), Norfolk (2), and Omaha (15). First
Commerce has 26 banking locations serving the Nebraska communities of Alliance
(1), Bridgeport (1), Grand Island (3), Hastings (2), Kearney (3), Lincoln (9),
McCook (1), North Platte (3), Valentine (1), West Point (1), and one location
in Colorado Springs, Co.

"We have learned and validated the fact that decisions are truly made
locally within the Wells Fargo system," Stuart said. "Our executive team will
still be in place to serve our customers and provide strategic direction for
the markets they manage. And because of this, customers can continue to count
on us to look out for your concerns, as any neighbor would."

Wells Fargo and First Commerce expect regulators to require divestiture of
some stores before giving approval to the merger.

In addition to the banking locations, the acquisition includes all or
parts of other subsidiaries of First Commerce Bancshares:

* First Commerce Technologies -- provides data processing to the company


and about 255 unaffiliated banks.

* First Commerce Mortgage Company -- purchases residential loans and


packages them as securities while retaining servicing rights. Servicing


portfolio is $1.8 billion.

* First Commerce Investors, Inc. -- investment advisory firm


* Commerce Affiliated Life Insurance -- credit life insurance company


* Peterson Building Corp. -- owns and operates parking garage next to


First Commerce headquarters building in Lincoln.

* Commerce Court Inc. -- owns the Commerce Court building adjacent to


First Commerce headquarters building.

"We also look forward to continuing the excellent relationships that First
Commerce has built with its 280 correspondent banking customers," Owen said.
Wells Fargo is among the nation's largest providers of correspondent banking
services.

Norwest Bank Nebraska, N.A., with assets of $2.3 billion, together with
other Wells Fargo subsidiaries, provide banking, insurance, investments,
mortgage and consumer finance through 30 banking stores statewide.

This press release contains forward-looking statements about Wells Fargo
and its proposed acquisition of First Commerce. These statements include
descriptions of (a) the anticipated closing date of the acquisition and (b)
plans and objectives of Wells Fargo's management for future operations,
products and services of First Commerce following the acquisition.
Forward-looking statements can be identified by the fact that they do not
relate strictly to historical or current facts. They often include the words
"believe," "expect," "anticipate," "intend," "plan," "estimate" or words of
similar meaning, or future or conditional verbs such as "will, "would,"
"should," "could" or "may."

Forward-looking statements, by their nature, are subject to risks and
uncertainties. A number of factors-many of which are beyond Wells Fargo's
control-could cause actual conditions, events or results to differ
significantly from those described in the forward-looking statements. Wells
Fargo's reports filed with the SEC, including Wells Fargo's Form 10-Q for the
quarter ended September 30, 1999, describe some of these factors, including
certain credit, market, operational, liquidity and interest rate risks
associated with Wells Fargo's business and operations. Other factors
described in Wells Fargo's September 30, 1999 Form 10-Q include changes in
business and economic conditions, competition, fiscal and monetary policies,
disintermediation, legislation, the combination of the former Norwest
Corporation and the former Wells Fargo & Company, and other mergers and
acquisitions.

There are other factors besides these that could cause actual conditions,
events or results to differ significantly from those described in the
forward-looking statements or otherwise affect in the future Wells Fargo's
business, results of operations and financial condition.

This press release may be deemed to be offering materials of Wells Fargo &
Company in connection with Wells Fargo's proposed acquisition of First
Commerce Bancshares, Inc. through the merger of a wholly-owned subsidiary of
Wells Fargo with and into First Commerce upon the terms and subject to the
conditions set forth in the Agreement and Plan of Reorganization, dated as of
February 1, 2000, by and between Wells Fargo and First Commerce (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).

First Commerce 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: Stuart L. Bartruff, David T. Calhoun, Mark Hansen,
Brad Korell, Connie Lapaseotes, John G. Lowe, John C. Os-borne,
Richard C. Schmoker, William C. Schmoker, Kenneth W. Staab, James Stuart, Jr.,
James Stuart, III and Scott Stuart. Of these directors and executive
officers, Richard C. Schmoker, William C. Schmoker, James Stuart, Jr.,
James Stuart, III and Scott Stuart may be deemed beneficial owners of
approximately (i) 1.6 million shares of First Commerce's Class A common stock
(constituting approximately 60.7% of the outstanding Class A shares) and (ii)
5.9 million shares of First Commerce's Class B common stock (constituting
approximately 54.8% of the outstanding Class B shares). None of the other
persons listed above owns more than 1% of the outstanding shares of either
First Commerce's Class A common stock or its Class B common stock. The
ownership information is as of December 31, 1999. In addition, in connection
with the Merger, each of Stuart L. Bartruff, Mark Hansen and Brad Korell has
entered into an employment/non-compete agreement, and each of James Stuart Jr.
and James Stuart III has entered into a non-compete agreement. The foregoing
persons are also parties to retention agreements that provide for payments in
connection with continued employment after certain business combinations,
including the merger.

Shareholders of First Commerce 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 First Commerce's and
Wells Fargo's respective corporate secretaries, as follows:

First Commerce: Wells Fargo:


Corporate Secretary Corporate Secretary


First Commerce Bancshares Inc. Wells Fargo & Company


NBC Center MAC N9305-173


1248 "O" Street Sixth and Marquette


Lincoln, NE 68508 Minneapolis, MN 55479


402-434-4110 612-667-8655

SOURCE Wells Fargo & Company

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To: Doug (Htfd,CT) who wrote (1248)2/4/2000 11:50:00 AM
From: David C. Burns
   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

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To: Doug (Htfd,CT) who wrote (1248)2/23/2000 3:22:00 PM
From: David C. Burns
   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)

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To: Karl Drobnic who wrote ()2/28/2000 7:00:00 PM
From: Adam Nash
   of 1281
 
Rounded out my holdings with some more WFC at 33. Hard to resist at this valuation, especially given the way WFC has been executing.

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To: wiley murray who wrote ()3/2/2000 11:32:00 PM
From: mik7
   of 1281
 
We are considering a move to San Francisco and need a bank or two. We will choose one brick-n-mortar between WF and BofA, and one online bank from among X.com, Telebank, Wingspan or USABancshares.

Currently leaning towards BofA where we can get free online banking and bill pay if we maintain a minimum balance and use direct deposit.

Leaning towards Telebank among internet banks since we're already with ETrade. But hearing good things about X.com, too. And the USAB offer at Gomez.com is attractive.

Opinions?

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To: mik7 who wrote (1255)3/17/2000 1:34:00 PM
From: David C. Burns
   of 1281
 
Michigan Financial Corporation Shareholders Approve Merger With Wells Fargo & Co

MARQUETTE, Mich.--(BUSINESS WIRE)--March 17, 2000--At a special meeting of Shareholders held March 15, 2000, Michigan Financial Corporation (Nasdaq:MFCB) shareholders approved the Agreement and Plan of Reorganization with Wells Fargo & Company (WFC), as amended. The merger is scheduled to become effective on March 30, 2000. MFCB and WFC expect the exchange ratio to be between 0.675 and 0.685. The actual exchange could fall outside this expected range.

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To: Adam Nash who wrote (1254)3/30/2000 11:58:00 PM
From: David C. Burns
   of 1281
 
Wells on the Internet

ON24 Video Investor Alert: Wells Fargo Bank Sees New Frontier Online

--(BUSINESS WIRE)--

Steve Ellis of Wells Fargo Bank talks with ON24 about how Wells Fargo has transitioned to a financial services company.

Wells Fargo is with emerging markets and B2B partners while maintaining its strong cusomter base.

For the complete streaming video story users should access on24.com

Ticker: (Nasdaq:WFC) Company: Wells Fargo

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To: Adam Nash who wrote (1254)4/10/2000 5:26:00 PM
From: David C. Burns
   of 1281
 
Wells Fargo & Company and First Security Corporation Agree to Merge

SAN FRANCISCO and SALT LAKE CITY, April 10 /PRNewswire/ -- Wells Fargo & Company (NYSE: WFC) and First Security Corporation (Nasdaq: FSCO) said today they have signed a definitive agreement for the merger of Wells Fargo and First Security. The combined company will be the largest banking franchise in deposits in Utah, Nevada, New Mexico, and Idaho, which comprise the nation's fastest growing regional economy.

First Security, based in Salt Lake City, at year-end 1999 had $23 billion in assets, 333 banking locations (including 45 in-store locations), 535 ATMs, and 9,600 employees. The company owns Utah's largest bank, is the second largest independent bank holding company in the western United States and the nation's oldest multi-state bank holding company, founded in June 1928. Among its subsidiaries are CrossLand Mortgage, which has 135 offices in 28 states and originated $14.5 billion in mortgages last year, and FS Van Kasper, a full service investment banking and brokerage business with 12 regional offices.

Under terms of the agreement, approved by the boards of both companies, First Security stockholders will receive 0.355 of a share of Wells Fargo common stock in exchange for each share of First Security common stock.

The transaction is expected to be completed in the second half of this year. It is expected to be accounted for as a pooling of interests and requires approval from banking regulators and First Security shareholders. The transaction is expected to be tax-free for First Security stockholders.

In addition, First Security has granted to Wells Fargo an option exercisable, in whole or in part, under certain circumstances to purchase authorized but unissued shares of First Security common stock equal to 19.9 percent of First Security's shares currently outstanding.

The transaction, based on Wells Fargo's closing stock price of $43.6875 on April 3, 2000, values each First Security share at $15.50 for a total transaction value of approximately $3.2 billion. First Security has approximately 206 million diluted shares. The transaction exceeds Wells Fargo's internal rate of return goals and is expected to add to Wells Fargo's earnings per share in the second year of operations. For the integration of the two companies, Wells Fargo expects to incur merger and integration charges of approximately $375 million.

"After careful consideration of our alternatives, we believe it's in the long-term best interests of our employees, customers, communities and stockholders that First Security partner with an outstanding organization whose vision, values and history are very similar to ours," said Spencer F. Eccles, First Security's chairman and CEO. "Like First Security, Wells Fargo is committed to its employees, has a reputation for outstanding customer service and local decision-making, and is committed to being an outstanding corporate citizen.

"This combination will provide our customers with more convenience than ever before across virtually all of the midwestern and western United States. It also will provide our stockholders with an investment in a highly-regarded company with significant growth potential." Eccles is expected to be elected to the Wells Fargo board of directors.

"First Security and its outstanding team of people have earned a reputation as one of the best banking franchises in the western United States because they put customers and communities first," said Dick Kovacevich, Wells Fargo's president and CEO. "The customers and cultures of our two companies are remarkably similar. Both companies compete not just in banking but in the far larger, faster growing industry called financial services. First Security and Wells Fargo also share a commitment to people as a competitive advantage, outstanding customer service, local decision-making and community involvement. We look forward to combining our resources so we can satisfy all the financial needs of First Security's customers -- individuals, small businesses, middle market businesses, farmers and ranchers, and large corporate customers -- and help them succeed financially. Together, we want to be known as the premier provider of financial services in every single one of our communities across our combined banking franchise, soon to be 23 states."

To receive federal regulatory approval and comply with government anti-trust guidelines, Wells Fargo and First Security expect to sell about $1.2 billion of deposits and associated loans. First Security expects to release its first quarter 2000 earnings on April 19, 2000. First Security's earnings will reflect special charges incurred for its termination of the merger agreement with Zions Bancorporation.

First Security has banking operations in seven states: Utah (138 locations), Idaho (87), New Mexico (45), Nevada (23), California (15), Oregon (14), and Wyoming (8).

Wells Fargo has banking operations in 22 states: Arizona (312 banking stores), California (1,006), Colorado (116), Idaho (17), Illinois (8), Indiana (43), Iowa (43), Michigan (34), Minnesota (163), Montana (41), Nebraska (30), Nevada (116), New Mexico (93), North Dakota (26), Ohio (1), Oregon (126), South Dakota (51), Texas (430), Utah (24), Washington (136), Wisconsin (60), and Wyoming (9). By the end of this quarter, Wells Fargo is scheduled to enter its 23rd banking state with the acquisition of National Bancorp of Alaska which has $3 billion in assets and 54 banking locations.

Wells Fargo is a $218 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance from more than 5,300 financial services stores and the Internet (wellsfargo.com) across North America and elsewhere internationally.

This news release has forward-looking statements about the financial condition, results of operations and business of Wells Fargo on a pro forma basis assuming completion of the proposed merger transaction with First Security. These include statements about: (a) the anticipated closing date of the merger; (b) the expected effect of the merger on Wells Fargo's future earnings per share; (c) the expenses expected to be incurred by Wells Fargo to integrate the two companies; (d) the accounting method Wells Fargo is expected to use to account for the merger; (e) the business opportunities and strategies expected for Wells Fargo and First Security after the merger; and (f) other statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "should" or similar expressions.

These forward-looking statements involve risks and uncertainties. Factors that could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements include, among other things: (a) expected cost savings from the merger cannot be fully realized or realized within the expected time; (b) revenues following the merger are lower than expected; (c) costs or difficulties related to the integration of the businesses of Wells Fargo and First Security are greater than expected; and (d) the merger is accounted for as a purchase instead of a pooling of interests.

Wells Fargo's reports filed with the SEC, including Wells Fargo's Form 10-K for the year ended December 31, 1999, describe more factors that could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements, including certain credit, market, operational, liquidity and interest rate risks associated with Wells Fargo's business and operations. Other factors described in Wells Fargo's December 31, 1999 Form 10-K include changes in business and economic conditions, competition, fiscal and monetary policies, customers choosing not to use banks for transactions, legislation, the combination of the former Norwest Corporation and the former Wells Fargo & Company, and other acquisitions by Wells Fargo.

This news release may be deemed to be solicitation material in respect of the proposed acquisition of First Security by Wells Fargo through the merger of a wholly-owned subsidiary of Wells Fargo with and into First Security, pursuant to an Agreement and Plan of Reorganization, dated as of April 9, 2000, by and between First Security and Wells Fargo (including all exhibits attached thereto, the "Agreement"). This filing is being made in connection with Regulation of Takeovers and Security Holder Communications (Release No. 33-7760, 34-42055) promulgated by the Securities and Exchange Commission (SEC). First Security 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: Spencer F. Eccles, Morgan J. Evans, L. Scott Nelson, J. Pat McMurray, Brad D. Hardy, Scott C. Ulbrich, Michael P. Caughlin, Mark D. Howell and David R. Golden

Of these directors and executive officers, Spencer F. Eccles may be deemed a beneficial owner of approximately 6,999,381 million shares of First Security's common stock (constituting approximately 3.3% of the outstanding common stock). None of the other persons listed above owns more than 1% of the outstanding shares of First Security's common stock. The ownership information is as of December 31, 1999. In addition, in connection with the merger, each of Spencer F. Eccles, Morgan J. Evans, L. Scott Nelson, J. Pat McMurray, Brad D. Hardy, Scott C. Ulbrich, Michael P. Caughlin, Mark D. Howell and David R. Golden has entered into an employment agreement that provides for payments in connection with continued employment after certain business combinations, including the merger.

In connection with the proposed merger, Wells Fargo will file a registration statement on Form S-4 with the SEC. Stockholders of First Security are encouraged to read the registration statement, including the proxy statement-prospectus that will be part of the registration statement, because it will contain important information about the merger. After the registration statement is filed with the SEC, it will be available for free, both on the SEC's web site (www.sec.gov) and from First Security's and Wells Fargo's corporate secretaries.

SOURCE Wells Fargo & Company; First Security Corporation

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To: David C. Burns who wrote (1258)4/10/2000 5:37:00 PM
From: David C. Burns
   of 1281
 
D.A. Davidson Analyst to Interview On RadioWallStreet.com

PHILADELPHIA--(BUSINESS WIRE)--April 10, 2000--Today, on RadioWallStreet.com, D.A. Davidson & Company Vice-President & Senior Analyst, James Bradshaw, will discuss Wells Fargo & Company (NYSE: WFC) and First Security Corporation (Nasdaq: FSCO).

This event will be broadcast Monday, April 10, 2000, at 3:30 PM EDT.

To access this RadioWallStreet.com broadcast, investors should go to radiowallstreet.com. It may be necessary for first time visitors to RadioWallStreet.com to go to the site to download and install any necessary audio software. There is no charge to access any event.

If you are viewing this release after the day of the event go to radiowallstreet.com.

Questions for this RadioWallStreet.com event may be submitted in advance by e-mailing greg@radiowallstreet.com. Please reference date and time of the interview in the Subject of the e-mail.

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