Bidders for First Security, Wells Branches Must Wait
American Banker (09/01/00) Vol. 13, No. 7 p.2; Mandaro, Laura

Wells Fargo had planned to announce the winning bidders for Wells and First Security branches and deposits by the end of August, but the announcement has been delayed until early this month. Wells did not explain the delay, aside from citing ongoing negotiations with regulators, but an unnamed source says the delay could be due to a decision to pick more than one buyer for the branches. The divestiture is related to Wells' deal to buy First Security.


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