Wells Fargo Completes Wachovia Purchase

ATLANTA (AP) - Wells Fargo & Co. says it has completed its $12.7
billion all-stock purchase of Wachovia Corp.

The purchase creates a coast-to-coast bank and it gives Wells Fargo a banking presence in Southeastern states, including Alabama, for the first time.

There do not appear to be any plans to immediately change the Wachovia name to Wells Fargo. A November regulatory filing said the
plan to integrate Wells Fargo and Wachovia operations was still being developed.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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