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Commercial Federal Corp,Omaha, Nebraska-Third-Party Mortgage Svcs Bus &
Wells Fargo & Co,San Francisco,California
Update Date: 02/04/09
Date Announced: 03/31/05
Value (million $USD): n/a
Status: Pending
TRANSACTION DETAILS
Date Announced03/31/05
Date Originally Announced03/31/05
FormatAcq. of AssetsAcquisition techniquesDivestiture
AttitudeFriendlyAgencyn/a
Valuen/aAdvisor Feesn/a
SYNOPSIS
US - Wells Fargo & Co, San Francisco agreed to acquire the mortgage servicing business of Commercial Federal Corp, Omaha, Nebraska. .
TARGET
NameCommercial Federal Corp,Omaha, Nebraska-Third-Party Mortgage Svcs Bus
IndustriesSurety insurance
Cityn/a
StateNE
NationUnited States
Incorporated inn/a
Public StatusSubsidiary
Business DescriptionProvide mortgage and loan services
AdvisorsLehman Brothers
Target Salesn/a
ACQUIROR
NameWells Fargo & Co,San Francisco,California (WFC)
IndustriesEquipment rental and leasing, nec; Mortgage bankers and loan correspondents; Misc business credit; Personal credit institutions; Investment advice; Offices of bank holding companies
CitySan Francisco
StateCA
NationUnited States
Incorporated inDE
Public StatusPublic
Business DescriptionWells Fargo & Co, headquartered in San Francisco, California, is a bank holding company. Its services include consumer and business banking, investment management, insurance, and venture capital investment. It operates in three segments. Community banking segment provides diversified financial products and services. The group also provides investment management, insurance, securities brokerage and venture capital financing. Wholesale banking segment provides commercial, corporate and real estate banking products and services. Wells Fargo Financial segment provides consumer finances and auto finances. The company was founded in 1852.
AdvisorsNULL
Acquiror Sales35.44 billion U.S. Dollar
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