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On October 28, 2008, Wells Fargo was the recipient of $25B of the Emergency Economic Stabilization Act Federal bail-out in the form of a preferred stock purchase. [17] [18] Tests by the Federal government revealed that Wells Fargo needed an additional $13.7 billion in order to remain well-capitalized if the economy were to deteriorate further ...
As part of the redemption of the preferred stock, Wells Fargo also paid accrued dividends of $131.9 million, bringing the total dividends paid to $1.441 billion since the preferred stock was issued in October 2008. In April 2009, Wells Fargo acquired North Coast Surety Insurance Services.
However, it retains Norwest's pre-1998 stock price history and corporate structure, and all pre-1998 SEC filings are under Norwest, not Wells Fargo. Former Wells Fargo stockholders held 52.5 percent of the newly combined company and former Norwest stockholders held 47.5 percent. Paul Hazen, chairman and CEO of Wells Fargo, become chairman of ...
Financial services giant Wells Fargo announced yesterday dividends on five series of its preferred stock, all payable on June 17 to the holders of record at the close of business on May 31.
Wells Fargo & Company Declares Cash Dividends on Preferred Stock SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYS: WFC) today announced dividends on four series of preferred stock. A ...
Common stock has higher long-term growth potential than preferred stock but also has lower priority for dividends and a payout in the event of a liquidation. Lenders, suppliers and preferred ...
Berks County Trust Company. Wyomissing Valley Bank, Temple State Bank, Mount Penn Trust Company, Reamstown Exchange Bank, Schuylkill Trust Company. Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo. 1964. National Bank of Commerce. Texas National Bank.
The settlement class consists of people or entities that purchased common stock in Wells Fargo between Feb. 2, 2018, and March 12, 2020, according to the lawsuit. That means anyone who owned Wells ...