Wells Fargo Insurance Services Inc. Agrees To Acquire Grady & Associates Insurance Services

Wells Fargo Insurance Services, Inc. – part of Wells Fargo & Company (NYSE:WFC) - announced today that they have signed a definitive agreement to acquire Grady & Associates, a single office, retail insurance broker in Las Vegas, Nevada. The acquisition closed June 1, 2009, and the terms of the transaction were not disclosed.

Grady & Associates has served customers across in Nevada since 1999. Founded by John Grady, the agency focuses exclusively on health and benefits insurance. The company serves a broad customer base, including customers in the hospitality, construction, hospitals, auto sales and home development industry.

"We’ll continue to service our customers in the same ways we have in the past,” said John Grady, Managing Director of Employee Benefits. "Joining Wells Fargo Insurance Services is a great benefit for our customers. We will expand our health and benefit capabilities to help customers protect their business and employees, and also be able to help them to grow their assets through our Wells Fargo connection.”

"Grady & Associates boasts a highly respected team of professionals,” said Nick Rossi, Regional Managing Director, Mountain West Region. "The team will strengthen and further support Wells Fargo Insurance Services’ existing health and benefits insurance professionals in serving our customers.”

"Grady & Associates is an outstanding retail brokerage firm and we’re excited to welcome the company to Wells Fargo,” said H. David Wood, Executive Vice President, insurance brokerage operations, West. "They will strengthen our growing presence in Nevada and further support Wells Fargo Insurance Services and the Wells Fargo commitment to help our customers succeed financially”.

About Wells Fargo Insurance Services

Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,400 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

Wells Fargo Insurance Services, Inc., along with Wachovia Insurance Services, is the fifth largest insurance brokerage in the world and the largest bank-owned insurance brokerage in the U. S. (Business Insurance, 2008) with more than 200 offices in 37 states. Its 9,200 insurance professionals place more than $15.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products.

Wells Fargo Third Party Administrators and Wells Fargo Disability Management are ranked as the third largest multiline third party administrators that offer employee benefit, and property and casualty claims administration (Business Insurance.) For more information about Wells Fargo Insurance Services, visit www.wellsfargo.com/wfis.