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The article presents information about Richard Kovacevich, president and chief executive officer of Norwest Corp. Norwest, with assets of $55 billion, is the fourteenth-biggest bank of the U.S. Its return on common equity is 21 per cent, ranking it first among the 25 largest regional bank holding companies. Norwest's balance sheet is rock solid, with reserves covering nonperforming loans at 412 per cent, and its Tier 1 capital stands at 9.84 per cent. Richard Kovacevich got into banking in the mid-1970s when Citicorp went looking for executives with consumer marketing skills to build up its consumer banking operations.

Discusses the increase in mergers and acquisitions of banks and financial institutions in Montana in 2001. Transaction between Norwest Bank and Wells Fargo Bank; Plan of Glacier Bancorp Inc. to acquire Westerfed Financial Corp.; Banks that are planning to open in the town of Three Forks. INSETS: Banks Adjust to Market Changes;Divisive Influences Nibble at Banking Industry.

Focuses on the merger between Norwest Corporation and Wells Fargo. Information on Wells Fargo; Motivation for the merger; Why the merger is being lauded as a success.

Looks at how security managers handled issues raised by mergers in the banking and communications sector. Difference of Wells Fargo's takeover of First Interstate Bancorp and its merger with Norwest; Advantages of involving security before the merging parties finalize their deal.

Focuses on the Norwest Corp.'s art collection of Modernism which is exhibited in the Northwest Center in Minneapolis, Minnesota. Subordination of applied and decorative arts to the fine arts; Definition of the term Modernism; Principal movements associated with the decorative and applied arts from 1880 to 1940 and represented in the Norwest collection.

Discusses the events that led to the death of Grand Island, New York farmer Arthur Kirk. Kirk's death at the hands of a SWAT team; Kirk's farming activities; Kirk's loan problems; Dismissal of Kirk's suit against Norwest Bank; Attempt to arrest Kirk.

The article presents information on the bank Norwest Corp. Norwest's assets rose nearly $7 billion during 1990, and will climb at least another $6 billion in 1991 with completion of the $500 million acquisition of United Banks of Colorado. Norwest has not made a non-guaranteed Third World loan since 1984, and it was the second big bank to take a major charge to cover LDC debt--a $204 million provision in 1987. Norwest hedges risk at every turn. When a technology client sought $11 million in trade finance for a deal in China, Norwest organized a consortium of banks but lent not a penny of its own money.

The article focuses on how Norwest Bank managed to recover in the banking industry. Before, Norwest's original home had been destroyed in a fire, and the bank itself is in bad shape from shaky Third World loans and a withering farm economy. Norwest chairman Llyod P. Johnson engineered its comeback by focusing on retail banking, removing Third World lending, selling off much of its mortgage-banking business and curtailing farm lending.

The article reports on the plan of Minneapolis, Minnesota-based bank Norwest Corp. to go into nontraditional financial services. Chairman and Chief Executive John W. Morrison explained that the plan is to develop a national presence in a few carefully selected financial services markets, such as mortgages and consumer finance.

The article reports on the agricultural trade balance in the U.S. According to sources, government estimates show that the farm trade surplus hit $ 7.5 billion in fiscal 1987, that is below the $ 26.6 billion peak reached in fiscal 1981, but a 39 percent increase over the dismal showing in 1986. Moreover, farm income rose in 1987, and land values are moving higher for the first time since 1981, according to a survey by Norwest Corp. of agricultural bankers.

The article reports on a Norwest Corp. survey of 950 banks in the Midwestern states of the U.S., has indicated that things are really getting worse in agriculture. Approximately 45 percent of the agricultural bankers who responded are pessimistic about the economic conditions in their regions during the next six months. Only two percent predict some improvement.

The article reports that the Minneapolis, Minnesota-based-Norwest Corp. and First Bank System Inc., two of the largest nonmoney-center banks in the U.S., have gone through different paths for the first time. These two banks known as the "Minnesota twins," have to rewrite their strategies because of increased competition as a result of competition.

A local biopharmaceutical company is suing its bank to avoid collection on a loan. In a lawsuit filed Nov. 8, Austin's Paragon Scientific Corp. alleges that Wells Fargo Bank Texas [...]

Just when you could not foresee how it could get worse - it got worse. Everyone knows the IRS has been wielding the INDOPCO decision as a weapon in an [...]

The Federal Reserve Board on Wednesday approved Norwest Corp.'s $28.5 billion acquisition of Wells Fargo & Co. When the deal is completed later this month, the combined bank would be [...]

The planned merger of Wells Fargo & Co. and Norwest Corp. is likely to prompt fewer employee departures than usual, and credit belongs to the Minneapolis company for keeping people [...]

When it comes to cross-selling bank products, Norwest Corp. is widely considered the best in the business. Now the Minneapolis banking company is making an all-out effort to extend its [...]

The Federal Reserve Board said Friday that it would consider on Wednesday the application by Norwest Corp. of Minneapolis to acquire Wells Fargo & Co. of San Francisco. The central [...]

Community banks in Iowa could be facing a fight with Norwest Corp. over the state's deposit cap. Norwest, by far the biggest bank in the state, plans to rally lawmakers [...]

Norwest Corp. chairman Richard M. Kovacevich speaks effusively about its pending merger with Wells Fargo & Co. He told employees this summer that he sees it as the 'silver spike' [...]

Norwest Corp.'s finance arm has agreed to buy $375 million in subprime auto loans from SunStar Acceptance, a NationsBank Corp. subsidiary. Terms of the agreement, announced Monday, were not disclosed, [...]

Seeking to reduce anxiety about their merger, officials from Norwest Corp. and Wells Fargo & Co. testified Thursday that it would benefit consumers, employees, and shareholders. 'We pledge to become [...]

Norwest Corp. and Wells Fargo & Co. have made a series of post-merger personnel decisions that inside officials and outside observers described as acareful balancing of the strengthsof the two [...]

The Federal Reserve Board on Wednesday gave Norwest Corp. permission to acquire Star Bancshares and its Austin, Tex.-based First State Bank subsidiary. Star controls nearly $500 million of deposits in [...]

Much has been made of the different approaches merger partners Norwest Corp. and Wells Fargo & Co. have to banking, but nowhere have they taken more divergent paths than in [...]

With no set post-merger plans for the investment services business, Wells Fargo & Co. and Norwest Corp. are each forging ahead with existing initiatives. Though their efforts are independent, they [...]

Even without knowing exactly which branches Norwest Corp. and Wells Fargo & Co. are putting up for sale in Nevada and Arizona, potential buyers are getting in position to bid. [...]

Norwest Corp. signed an agreement this week to install relational data base technology from Informix Corp. in its trust department. Informix's flagship data base technology, Informix Dynamic Server, will serve [...]

At first glance, merger partners Wells Fargo & Co. and Norwest Corp. seem to be evenly matched in the mutual fund business. Both rank among the largest bank managers of [...]

Officials from Norwest Corp. and Wells Fargo hope that the proposed $34-billion merger between the two banks will proceed without endangering the community-banking culture found in Norwest. While Wells Fargo, based in San Francisco, CA, keeps a focus towards automated services and urban operations, Norwest has opted to maintain an orientation towards developing a culture of superb sales and service, according to Norwest Bank Arizona president Jon Campbell. The pending merger will create a combined company that will retain the Wells Fargo name, and encompass some 20 million customers, more than 90,000 employees, $191 billion in assets, 2,860 branches in the west and midwest US, and 5,777 financial services stores in all 50 US states and across the world.

Investment bankers often work for competing companies at different times, but it is unusual for one firm to represent both parties at the same time in a major merger, as [...]

Under the $34 billion merger deal announced Monday, Norwest Corp. would acquire not only the Wells Fargo & Co. name and operations but also a famous shareholder, Warren E. Buffett. [...]

The choice of a name can be a sticking point for bankers in high-level merger negotiations. Not so for Norwest Corp. chairman Richard Kovacevich, who came easily to the decision [...]

In announcing a 'merger of equals' Monday, executives of Wells Fargo & Co. and Norwest Corp. focused many of their comments on the companies' considerable differences. The two are counting [...]

Norwest Corp. shares got a renewed vote of confidence Monday after the company impressed Wall Street analysts and investors with its revenue prospects. Management of the Minneapolis banking company asserted [...]

Reports on the merger of Norwest Corp. and Wells Fargo & Co. Terms of agreement; Benefits from the merger; Services that will be offered by the merged companies. INSET: Unoclasm pays off..

Reports that taxpayers should be concerned with the outcome of the case of Norwest Corp. before the United States Tax Court to the extent that it expands the reach of the case of INDOPCO Inc. Capitalization and the case of INDOPCO Inc.; Impact of Norwest's case on deductibility of target companies' professional fees; Impact of Norwest's case on companies making acquisitions; Impact of Norwest's case on the deductibility of internal costs.