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Focuses on the financial institution Wells Fargo in light of its acquisition by Norwest Bank. Success of the company compared to other bank mergers; Business techniques of chief executive officer Dick Kovacevich; Method he used to integrate the two companies; Kovacevich's career background; Launch of a Portfolio Management Account (PMA) service; Entrance of the company onto the Internet.

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.

Strategic Decisions How three Minnesota companies cope with telecommunications decisions today while planning for tomorrow FOR FAST-GROWING Northgate Computer Systems Inc., the telephone has been a vital instrument in its [...]

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.

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.

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.

Reveals the practices used by companies in the United States to retain their employees. Two-way, rather than top-down, communication at Rosenbluth International Inc.; Employee training at Sears Roebuck & Co.; `Retain and Retrain' program at Norwest Corp.

Asserts that Norwest Corp. looks less vulnerable than other banks if interest rates rise. Price-earnings multiple; Role of nonbank products in shielding the company from tough times; Interest rate margin; Loan-loss reserves; Securitization of mortgages; Mortgage servicing.

Focuses on the merger of Central Bancorp. and Norwest Corp. Implications for the banking industry in Texas; Deal between Boatmen's-NationsBank.

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 [...]

High ranking Wells Fargo & Company executives traveled to New York to participate in construction of a Habitat for Humanity renovation project in Harlem as part of the company's $16.5 [...]

Team previously bought One Riverwalk building Trammell Crow Co. and South Charles Realty Corp. have teamed up once again to purchase two office buildings here. The buildings, Norwest Bank North [...]

Before we began research for this project, we thought $75 million would be the minimum level of net worth required to make our list of the 50 wealthiest Minnesotans. We [...]

Wells Fargo Bank has announced plans to begin offering lending services through a leading online commercial real estate listing company. The West Coast-based bank, which last year announced plans to [...]

DES MOINES, IOWA--Pete Wissinger has been promoted to president and chief operating officer of the nation's second largest originator and servicer, Norwest Mortgage here. In his new position, Mr. Wissinger [...]

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 [...]

Norwest Corp.'s upcoming merger with Wells Fargo is likely to be affected by the ongoing union strike against Oregon Steel of Portland, OR. This may be due to the over $250-million deposit and trust fund withdrawal by several Colorado-based Wells Fargo clients who sympathize with the striking steel employees and are against Wells Fargo's lending relationship with Oregon Steel. Although Wells Fargo has asserted its neutral stand regarding the year-long strike, the San Francisco, CA-based bank still refuses to terminate its 22-year-old customer relationship with the steel company.

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 [...]

Norwest Corp.'s chief banking executive in Texas John G. Stumpf has been promoted to group executive of Wells Fargo's Southwestern Group which includes Texas, New Mexico and Arizona. The two firms are forming a new management structure for the new bank's 21-state territory following a $34-billion merger in June 1998. The new bank will assume the Wells Fargo name pending completion of the merger. Stumpf will be responsible for all of Wells Fargo's commercial and consumer banking operations in the three states as well as the bank's investment and trust subsidiaries including Norwest Investment Services Inc. and Norwest Investment Management and Trust.

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 [...]

Norwest Corp. intends to close six of the 11 MidAmerica Bank branches in the metro-area of Twin Cities in Minnesota and a fair size of community banks are interested of acquiring the branches. The six MidAmerica branches that are planned to be closed included one on the skyway level of Carriage Hill Plaza on St. Peter Street in downtown St. Paul, MN. MidAmerica branches entice potential buyers because the branches are functioning banks and would cost less to renovate than constructing a new branch and former MidAmerica clients could become new clients for any bank that replaces MidAmerica branch.

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., the $93.2-million Minneapolis, MN-based financial company, has filed a petition before the US Tax Court questioning the decision of the Internal Revenue Service (IRS) that denied it over $1.15 billion in deductions in 1992. The company is asking the court to reverse the IRS' decision holding it liable for $418.3 million in back taxes. Covered in the $418.3 million was over $1 million penalty for underpayment. Norwest said that one of the deductions the IRS wrongly denied was over $1 million that was paid to settle an age discrimination suit filed by 17 employees against First Minnesota Savings Bank.

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 [...]

Norwest Corp., the company that announced it will merge its operations with San Francisco, CA-based Wells Fargo & Co., has acquired two TCF National Bank Wisconsin branches in Madison, WI. The acquisition of the two branches, with combined assets of $15 million, will raise the number of offices that Norwest operates in Madison to four. One of the two TCF National Bank offices is located at West Towne mall while the other is situated at East Towne mall. Norwest Bank Wisconsin President Lanier Little belied speculations that the company's presence in Wisconsin will be minimized once it moves its headquarters to California, noting the bank's strategy is to boost its operations in the state.

Norwest Corp.'s merger with San Francisco, CA-based Wells Fargo & Co. faces the challenge of culture-clash since the banks have different banking models. One analyst said that the success of the $31.4-billion merger depends on the conversion of Wells Fargo into Minneapolis, MN-based Norwest's corporate culture. While Norwest has built a reputation as a customer-oriented company, Wells Fargo has manifested an ability for cost-cutting and has become a leader in technology-reliant services. Richard Kovacevich, Norwest chairman and CEO and would-be CEO of a merged San Francisco-based Wells Fargo, said that the difference between the banks may not be as serious as an observer would think.