BANKAMERICA <BAC> TO POST GAIN ON UNIT SALE
BankAmerica Corp said it completed
the sale of its Consumer Trust Services division to Well Fargo
and Co <WFC>, a transaction that will result in a second
quarter pre-tax gain of more than 75 mln dlrs.
    The sale will not affect the services the bank will
continue providing to institutional customers through its
Employee Benefit Trust Services Division, BankAmerica also
said.
    In a separate announcement, Wells Fargo said the
acquisition will increase the amount of personal trust assets
it administers to 25 billion dlrs.
    Last December BankAmerica and Wells Fargo announced a
definitive agreement on the sale at a price of about 100 mln
dlrs, subject to adjustment.
 Reuter
