Wells Fargo News

MHBT Acquires Wells Fargo Insurance Office in Texas

Dallas, Texas-based MHBT Inc. has acquired Wells Fargo’s insurance brokerage operations in Lubbock, Texas. The deal includes all operating assets and operations of the Lubbock office of Wells Fargo Insurance, including five team members. MHBT has offices in Dallas, Fort …

Wells Fargo Insurance Launches U.S.-Based International Specialty Group

Wells Fargo Insurance, part of Wells Fargo & Co., is expanding its International Specialty Group by establishing three new teams solely dedicated to serving the insurance and risk management needs of U.S. multinational companies. Based in Atlanta, New York City, …

Wells Fargo Names Head of Personal, Small Biz Insurance Unit in N.C.

Wells Fargo Insurance — part of San Francisco-based Wells Fargo & Company — has promoted Anne Doss to the head of its personal and small business insurance division, effective January 2013. Based in Charlotte, N.C., she will continue to report …

Banks Say Settlements Aren’t Slowing Financial Crisis Liability Suits

As U.S. authorities seek to make Wall Street pay for its role in triggering the financial crisis more than four years ago, banks are starting to fight back, frustrated that they are being asked to pay more than once for …

U.S. Sues Wells Fargo in Civil Mortgage FIRREA Fraud Case

The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo & Co, the latest legal volley against big banks for their lending during the housing boom. The complaint, brought by the U.S. Attorney in Manhattan, seeks …

Survey: Small Business Optimism Drops, But Remains In Positive Territory

The Wells Fargo/Gallup Small Business Index fell six points to positive 17 in a survey conducted in July that reflects on the third quarter, but one economist who worked on the poll is taking the positive view that following the …

Wells Fargo Names Volkel Head of Bay Area Operations

Wells Fargo Insurance named Bob Volkel to lead its Bay Area operations. Volkel will lead the insurance brokerage and consulting sales and service teams that offer a array of products, services and consulting in the areas of employee benefits, and …

Wells Fargo Looking to Buy Insurance Brokers: CEO

Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, its chief executive said on Thursday. “I love the insurance distribution business,” John Stumpf said at a Sanford C. Bernstein …

Wells Fargo Restructures Into 7 Regional Insurance Operations

Wells Fargo Insurance – part of Wells Fargo & Co. — announced a new regional structure for its insurance brokerage and consulting division. Previously operating with 15 regional offices, the business is now based upon seven regions, with approximately 160 …

Wells Fargo Insurance Names Meder Midwest Region Managing Director

Wells Fargo Insurance Services USA Inc. has named John Meder regional managing director for its Midwest region, which includes Ohio, Indiana, Michigan, and Missouri. Meder will be based in Cleveland, Ohio, and report to Kevin Kenny, East area brokerage manager …