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Wells, BofA complete acquisitions, enlarge ATM portfolios
January 1, 2009
San Jose Business Journal:As expected, Wells Fargo & Co. and Bank of America Corp. completed major acquisitions before 2008 came to a close. Wells completed its $12.7 billion acquisition of Wachovia Corp. Bank of America's $19.4 billion purchase of Merrill Lynch & Co. made it the largest U.S. bank with $2.7 trillion in assets. The Wells acquisition creates the nation's fourth-largest bank by assets. The combined bank has more than 6,600 outlets in 39 states and Washington, D.C. Wells and Wachovia customers will immediately have free use of both banks' ATMs.
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