wells fargo bought first interstate bank on april 1, 1996.
wells fargo bought first interstate bank on april 1, 1996.
when did wells fargo buy first interstate bank?
april 1 , 1996
despite first interstate's healthier condition, and with the banking industry consolidation in full swing, wells fargo made a hostile bid for first interstate in october 1995 initially valued at $10.8 billion. other banks came forward as potential 'white knights,' including norwest corporation, bank one corporation, and first bank system. the latter made a serious bid for first interstate, with the two banks reaching a formal merger agreement in november valued initially at $10.3 billion. but first bank ran into regulatory difficulties with the way it had structured its offer and was forced to bow out of the takeover battle in mid-january 1996. talks between wells fargo and first interstate then led within days to a merger agreement for $11.3 billion in stock. wells fargo completed the acquisition on april 1, 1996 and announced the elimination of 7,200 jobs.
first interstate bancorp
first interstate bank









































first interstate bank may refer to:









































bullet::::- first interstate bancorp of los angeles, california, which merged with wells fargo in 1996









































bullet::::- several buildings formerly named for the bank, now known as









































bullet::::- aon center (los angeles), california









































bullet::::- a fire in this building on may 4, 1988 may be referred to as the "first interstate tower fire"









































bullet::::- fountain place, dallas, texas









































bullet::::- library tower, los angeles, ca









































bullet::::- wells fargo plaza (houston), texas









































bullet::::- wells fargo center (portland, oregon)









































bullet::::- wells fargo center (seattle), seattle, washington









































bullet::::- first interstate bancsystem, billings, montana bank since 1984
first interstate bank