Bank operator buying insurer
Monday, March 12, 2001 | 11:16 a.m.
Wells Fargo & Co., Nevada's largest bank operator, agreed to buy ACO Brokerage Holdings Corp. for an undisclosed amount.
ACO Brokerage is the parent of Acordia, a property and casualty insurer with more than $400 million in annual revenue and 112 offices in 29 states.
San Francisco-based Wells Fargo said last week the acquisition brings it closer to its goal of having its insurance, trust and brokerage operations comprise 25 percent of its annual income.
The deal is expected to close in the second quarter, subject to regulatory approval.
Acordia and Wells Fargo Insurance will have combined annual revenue of $630 million in 176 locations in 38 states. Chicago-based Acordia has 3,860 workers, including 780 agents, while Wells Fargo Insurance has 1,654 workers, including 140 agents.
archive
- Most Read
- Discussed
- Most E-mailed
- CityCenter’s Mandarin Oriental makes Vegas debut
- As national jobless rate improves, LV sees signs of trouble
- Pacquiao-Mayweather fight on, March date likely
- Sub-freezing temperatures hit Las Vegas
- Court upholds sex conviction for Las Vegas magician
- UNLV president denies reports of Livengood as new AD
- Barrick Gold to work on mine despite court ruling
- From Eva Longoria Parker to a cluster of execs, crowd takes a shine to Crystals
- Rebels try to avoid the ‘trap’ at Santa Clara
- Survey ranks Nevada among most unhappy states
Blogs
Elsewhere
Dawn Gibbons' story: Nevada's first lady talks about her divorce, humiliation and fears
The Kats Report
Kirk Kerkorian: CityCenter is 'simply the most amazing' Vegas project ever (1 Comment)
Robin Leach's Las Vegas Celebrity Watch
Great Santa Run: Unofficial 14,595 runners would be a new record
Elsewhere
Rampage Jackson to return to UFC (3 Comments)
Politics: Ralston's Flash
Superintendents want state to immediately seek Race to Top funds
Top Chef: Las Vegas
The Jet Stream: The great Jennifer debate (2 Comments)
The Kats Report
From Eva Longoria Parker to a cluster of execs, crowd takes a shine to Crystals (4 Comments)
Calendar »
- 6 Sun
- 7 Mon
- 8 Tue
- 9 Wed
- 10 Thu
-
Chickenfoot at The Joint
The Joint | 8 p.m. to 11:59 p.m.
-
The Ultimate Fighter 10 Finale at the Pearl
The Pearl at the Palms | 4 p.m. to 10 p.m.
-
Great Santa Run at Town Square
Town Square | 8 a.m. to 10 a.m.
-
Willie Nelson at Planet Hollywood Theatre for the Performing Arts
Planet Hollywood Resort and Casino | 9 p.m. to 11:59 p.m.
-
Cash'd Out at Aliante Station
Aliante Station Casino and Hotel | 9 p.m. to 11:59 p.m.
-
Brooks & Dunn at the Hilton
Las Vegas Hilton
-
Ron White performs at the Mirage
Terry Fator Theatre
The Sun
Locally owned and independent for more than 50 years.
Technorati













