(WFC)(I) Wells Fargo/First Interstate Proxy Statement Declared Effective by SEC; Companies Plan Special Shareholder Meetings on March 28.SAN FRANCISCO--(BUSINESS WIRE)--Feb. 28, 1996--The joint proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. of Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Company (NYSE NYSE See: New York Stock Exchange :WFC WFC Wi-Fi Connection (Nintendo gaming service) WFC Wide-Field Camera WFC World Financial Center (New York) WFC Workforce Center WFC World Federation of Chiropractic WFC World Food Council ) and First Interstate Bancorp First Interstate Bancorp was a bank based in the United States that was taken over in 1996 by Wells Fargo. It was headquartered in Los Angeles. The name has continued to be used in the banking world by used after the merger by First Interstate Bank who had been using the (NYSE:I) has been declared effective by the Securities and Exchange Commission. It is expected that the joint proxy statement will be mailed to shareholders on or about February 28, and that shareholders of both companies will then vote whether to approve the transaction at separate special meetings to be held on March 28 in San Francisco and Los Angeles. Wells Fargo also announced that it has reached agreement with the Department of Justice and the Office of the Attorney General for California regarding divestitures. These divestitures will involve 61 branches in California with approximately $2.5 billion in deposits and approximately $1.3 billion in loans. "Discussions between Wells Fargo and potential purchasers are currently underway," said Wells Fargo Vice Chairman and Chief Financial Officer Rod Jacobs, "and we don't expect the divestitures to have a material impact on the net income of the combined company. We currently expect to consummate the merger on April 1, subject to shareholder and regulatory approval and the execution of sales contracts for the branches to be divested." CONTACT: Wells Fargo Bank, San Francisco Kim Kellogg, 415/396-3070 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion