Wells Fargo to Buy Rogers & Belding Insurance Agency, Inc
Wells Fargo announced that it has signed a definitive agreement to acquire Rogers & Belding Insurance Agency, Inc., a single-office agency in El Paso, Texas, and its subsidiaries.
Terms of the transaction were not disclosed.
Rogers & Belding has served customers throughout the Texas region since 1933. The agency's professional staff will continue serving customers from the same location at 2505 East Missouri, El Paso, Texas.
"We'll continue to service our customers in the same ways we have in the past but with more resources than before," said Jimmy Rogers, Jr., Chairman & CEO of Rogers & Belding. "Joining Wells Fargo Insurance Services is a great benefit for our customers. We will expand our insurance and risk management resources to help protect their assets, and also be able to help them to grow their assets through our Wells Fargo connection."
In addition to offering customers business and personal insurance, Rogers & Belding also offers employee benefits and risk management services.
"Rogers & Belding is an outstanding brokerage firm with a highly respected team of insurance professionals," said Kevin Kenny, Regional Managing Director of Wells Fargo Insurance Services' East Region. "They will strengthen our presence in Texas and further support Wells Fargo Insurance Services and the Wells Fargo commitment to help our customers succeed financially."
About Wells Fargo
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores, the Internet and other distribution channels across North America and internationally.
Headquartered in San Francisco, Wells Fargo has $540 billion in assets and 158,000 team members across 80+ businesses. The company is the United States' 25th largest employer.
Published on November 13, 2007
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