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 |
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| Status: Pending | |
| TRANSACTION DETAILS |
| Date Announced | 03/31/05 | | |
| Date Originally Announced | 03/31/05 | | |
| Format | Acq. of Assets | Acquisition techniques | Divestiture |
| Attitude | Friendly | Agency | n/a |
| Value | n/a | Advisor Fees | n/a |
| SYNOPSIS |
| US - Wells Fargo & Co, San Francisco agreed to acquire the mortgage servicing business of Commercial Federal Corp, Omaha, Nebraska. . |
| TARGET |
| Name | Commercial Federal Corp,Omaha, Nebraska-Third-Party Mortgage Svcs Bus |
| Industries | Surety insurance |
| City | n/a |
| State | NE |
| Nation | United States |
| Incorporated in | n/a |
| Public Status | Subsidiary |
| Business Description | Provide mortgage and loan services |
| Advisors | Lehman Brothers |
| Target Sales | n/a |
|
| ACQUIROR |
| Name | Wells Fargo & Co,San Francisco,California (WFC) |
| Industries | Equipment rental and leasing, nec; Mortgage bankers and loan correspondents; Misc business credit; Personal credit institutions; Investment advice; Offices of bank holding companies |
| City | San Francisco |
| State | CA |
| Nation | United States |
| Incorporated in | DE |
| Public Status | Public |
| Business Description | Wells 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. |
| Advisors | NULL |
| Acquiror Sales | 35.44 billion U.S. Dollar |
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