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May 30, 2012

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Bank expanding in Southern California

Thursday, Sept. 30, 1999 | 10:47 a.m.

THE ASSOCIATED PRESS

SAN FRANCISCO -- Wells Fargo & Co. today said it agreed to acquire North County Bancorp for $112 million in stock.

North County shareholders will receive about $21 of Wells Fargo common stock for each North County share they own.

North County, based in Escondido, Calif., is an independent commercial bank with $349 million in assets and nine full-service branches in San Diego and Riverside counties.

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