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Article Excerpt
In an industry that continues to undergo shocking change, Wells Fargo Bank still remains standing, getting larger and now among the largest banks in the nation, with more than $1 trillion in assets.
Locally, Wells Fargo is much bigger, too, thanks to the closing of this month's $12.7 billion purchase of Wachovia Bank. That deal pushed Wells, which had been in second place in terms of deposits countywide, to No. 1, with $10.5 billion in assets and 112 branches.
Wells Fargo is also assimilating 1,400 employees of Charlotte, N.C.-based Wachovia in Southern California, bringing the total to 4,500, and making it among the region's largest employers.
The merger will almost certainly transform Wells into an institution too large to...
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