The sale includes 33 branches in Indiana, 14 in Michigan and Wells Fargo's only branch in Ohio, plus the four in Wisconsin. It comes as Wall Street pressures Wells Fargo to slash costs and as the bank grapples with soaring legal bills linked to thefake-accounts scandal and its many other...
Because of less overlap in sales territory, that merger would have led to fewer branch closings. But the offer also was $1.6 billion below the Wells Fargo bid and First Bank declined to up the ante.Because First Interstate broke its Nov. 5 agreement to merge, it will pay First Bank a ...