ATM Fee Elimination First Customer Benefit Resulting From Wells Fargo, First Security Merger
SALT LAKE CITY — August 22, 2000
Beginning Tuesday, August 22, First Security and Wells Fargo customers will experience the first of many benefits to come from the merger of these two banking franchises - no fees for cash withdrawals at any of the two banks' 6,700-plus ATMs nationwide.
"Eliminating the fee requirement means that customers in our common states of operation now have more convenient access to their money through 4,000-plus ATMs," said John Stumpf, executive vice president for Wells Fargo's Western Banking Group.
In their overlapping states of operation, Wells Fargo (WF) and First Security (FS) have the following number of ATMs: California, 2,851 (WF) and 16 (FS); Idaho, 24 (WF) and 98 (FS); New Mexico, 143 (WF) and 125 (FS); Nevada, 209 (WF) and 19 (FS); Oregon, 259 (WF) and 17 (FS); Utah, 29 (WF) and 222 (FS); and Wyoming, 13 (WF) and 12 (FS).
"This is just one of the many benefits that customers can expect as First Security and Wells Fargo combine their resources," said Pat McMurray, executive vice president of Community Banking Services for First Security.
In addition to ATMs in the overlapping states, First Security customers will be able to use all Wells Fargo ATMs in Alaska, Arizona, Colorado, Iowa, Illinois, Indiana, Michigan, Minnesota, Montana, North Dakota, Nebraska, Ohio, South Dakota, Texas, Washington and Wisconsin.
The Wells Fargo and First Security merger is expected to close early in October.
Wells Fargo is a $234 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance from more than 5,300 financial services stores and the Internet across North America and elsewhere internationally.
With $22.5 billion in assets, First Security Corporation is the second largest independent bank holding company headquartered in the West. First Security operates almost 400 banking, insurance and investment offices in seven western states and nearly 150 mortgage and construction lending and equipment finance offices in 26 states, through subsidiaries First Security Bank, CrossLand Mortgage and First Security Leasing Company.