Wells Fargo Bank Will Raise Prime Rate to 5.75 Percent
San Francisco — March 22, 2005
Wells Fargo Bank, N.A., said today it will raise its prime rate from 5.50 percent to 5.75 percent, effective today, March 22, 2005. Wells Fargo & Company is a diversified financial services company with $428 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,000 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States to receive the highest possible credit rating, “Aaa,” from Moody’s Investors Service.