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Placer Sierra Bancshares Agrees to Join Wells Fargo
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| WELLS FARGO & COMPANY |
| PLACER SIERRA BANCSHARES |
| RSSID 1120754 |
| RSSID 3084953 |
| 420 MONTGOMERY STREET |
| 525 J STREET |
| SAN FRANCISCO, CA, 94104 |
| SACRAMENTO, CA, 95814 |
Placer Sierra Bancshares Agrees to Join Wells Fargo
Wells Fargo & Company (NYSE: WFC) and Placer Sierra Bancshares (NASDAQ: PLSB) said today they have signed a definitive agreement for Wells Fargo to acquire Placer Sierra Bancshares (Placer Sierra) in a stock-for-stock merger. The transaction, pending approvals from regulators and Placer Sierra shareholders, is expected to be completed by mid-year 2007.
| Wells Fargo & Company / Placer Sierra Bancshares - FRB Filing(FR Y-9C) Comparison |
| Quarter ending 20060930 |
| HC - Consolidated Balance Sheet |  |  |  |
| HI - Consolidated Income Statement | | | |
| Related Bank / Thrift |
Assets |
Asset Concentration |
| Wells Fargo Bank, National Association |
400,807,000 |
All Other Specialization > 1 Billion |
| Wells Fargo Bank Northwest, National Association |
19,658,000 |
Consumer Lending Specialization |
| Wells Fargo Financial Bank |
3,753,480 |
Credit-Card Specialization |
| Placer Sierra Bank |
2,658,031 |
Commercial Lending Specialization |
| Wells Fargo HSBC Trade Bank, National Association |
1,499,507 |
Commercial Lending Specialization |
| Wells Fargo Financial National Bank |
1,494,013 |
Credit-Card Specialization |
| Wells Fargo Bank, Ltd. |
356,273 |
Other Specialized Lending < 1 Billion |
| WF National Bank South Central |
9,798 |
Other Specialized Lending < 1 Billion |
| Wells Fargo Central Bank |
6,328 |
Other Specialized Lending < 1 Billion |
| Wells Fargo Bank Grand Junction, National Association |
3,264 |
Other Specialized Lending < 1 Billion |
| Wells Fargo Bank Grand Junction-Downtown, National Association |
3,181 |
Other Specialized Lending < 1 Billion |
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