Wells Fargo News Headlines (end of 2009)
Here is an update of the busy new times in November/December that Wells Fargo had:
Wells Fargo Repays TARP Funds to US Government
December 23, 2009
Wells Fargo & Company reported that it took back the $25 billion of series D preferred stock issued to the US government via the Troubled Asset Relief Program’s (TARP) Capital Purchase Program.
Wells Fargo & Prudential Financial Agree to Purchase Price For Noncontrolling Interest
December 15, 2009
WFC will pay $4.5 billion to obtain Prudential Financial’s noncontrolling interest. This is in Prudential’s retail brokerage joint venture, which already includes Wells Fargo Advisors.
Wells Fargo Stock Offering Raises $12.25 Billion
December 15, 2009
Wells Fargo & Company announced that those institutions underwriting the public offering of 426 million shares of common stock fully exercised their option to buy 63.9 million additional shares. The shares were offered at $25.00
Wells Fargo & Co. Buys Insurance Companies In Florida And Washington
December 8, 2009
Wells Fargo announced that it acquired iLeader Risk Management Solutions (Tampa, Florida) and Orca Bay Benefits (Mercer Island, Washington).
Wells Fargo & Co. Declares Cash Dividends On Preferred Stock
November 19, 2009
Wells Fargo declared dividends on two preferred series of stock. A quarterly cash dividend of $20 per share on its 8 percent non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share.