Wells Fargo Bank raises prime rate to 8.75 percent
SAN FRANCISCO — February 2, 2000
Wells Fargo Bank, N.A., said today it has raised its prime rate from 8.50 percent to 8.75 percent, effective tomorrow, February 3, 2000. This announcement affects only Wells Fargo Bank, N.A., headquartered in San Francisco, and not other Wells Fargo & Co. subsidiaries, which make interest rate decisions independently.
Wells Fargo Bank is a subsidiary of Wells Fargo & Company, a $218 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through about 6,000 stores, the Internet (www.wellsfargo.com ) and other distribution channels across North America and elsewhere internationally.