Wells Fargo Bank Raises Prime Rate to 9.50 Percent
SAN FRANCISCO — May 16, 2000
Wells Fargo Bank, N.A., said today it has raised its prime rate from 9 percent to 9.50 percent, effective tomorrow, May 17, 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 $222 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through about 6,000 stores, the Internet (http://www.wellsfargo.com/ ) and other distribution channels across North America and elsewhere internationally.