Wells Fargo Insurance Services, Inc. – America’s
largest bank-owned insurance brokerage and a subsidiary of Wells Fargo &
Company (NYSE:WFC) – announced today that it
has acquired the assets of Spokane, Washington’s
Char Clark Associates, Inc. The acquisition adds to Wells Fargo’s
diversified presence in Washington State – now
a total of 4,300 team members across the region, serving customers from
147 banking stores and 5 insurance brokerage offices.
Founded 24 years ago, Char Clark Associates provides group and
individual health, life, disability, dental and vision coverages -
focusing on the employee and executive benefit needs of customers
ranging in size from one to several hundred employees.
Company shareholder Charlaine “Char”
Clark and her team will transition operations into the Wells Fargo
Insurance Services office in Spokane, WA. Terms of the transaction were
not disclosed.
“We are excited to offer expanded resources,
services and support to Char Clark & Associates’
customers,” said Mark Neupert, managing
director of Wells Fargo Insurance Services’
Spokane office. “Char is well known and
highly respected in the local business community and in our broader
marketplace and she and her team will be a tremendous addition to our
growing operations here in Eastern Washington and across the entire
Pacific Northwest.”
“We’re delighted
to join such a well respected organization that lets us broaden and
enhance the products, services and solutions we deliver to our customers,”
said Char Clark. “Our customers will receive
the same great service from the same committed professionals, and they’ll
now have access to a wider range of resources and services to help them
succeed financially.”
“We’ve grown to
become one of America’s largest insurance
brokerage companies by combining our national resources with great local
agencies like Char Clark Associates, Inc.,”
said Dave Zuercher, president, chairman and CEO of Wells Fargo Insurance
Services. “We’ll
continue to look for agency acquisitions that advance and strengthen our
vision, values and geographic interests across the country.”
Wells Fargo Insurance Services, Inc. is the fifth-largest insurance
brokerage and the largest bank-owned insurance brokerage in the United
States, with 171 offices in 37 states. Its 7,200 insurance professionals
place $11.5 billion of risk premiums with expertise in property,
casualty, benefits, international, personal lines and life products. For
more information about Wells Fargo Insurance Services, visit www.wellsfargo.com/wfis.
Wells Fargo & Company is a diversified financial services company with
$609 billion in assets, providing banking, insurance, investments,
mortgage and consumer finance through almost 6,000 stores and the
internet (wellsfargo.com) across North America and elsewhere
internationally. Wells Fargo Bank, N.A. is the only bank in the U.S.,
and one of only two banks worldwide, to have the highest possible credit
rating from both Moody’s Investors Service, “Aaa,”
and Standard & Poor’s Ratings Services, “AAA.”
For Wells Fargo Insurance Services, Inc.
Dave Hock 650-839-6244
dwh@abdi.com
