Public Meeting Regarding Norwest Corporation and Wells Fargo & Company
Held on Thursday, September 17, 1998, at the Federal Reserve Bank of Minneapolis
Transcript of the Public Meeting held on September 17, 1998, on the application of Norwest Corporation to merge with Wells Fargo & Company. Transcripts and exhibits are presented by speaker panel; they are also presented in their entirety after the last panel.
Thursday, September 17, 1998
- Opening Remarks
- Dolores S. Smith, Presiding Officer, Director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System
- Applicant Presentation
- Paul Hazen, Chairman and CEO, Wells Fargo & Company, San Francisco, California
- Leslie S. Biller, President and COO, Norwest Corporation, Minneapolis, Minnesota
- Exhibits (433 KB PDF)
- Panel One
- James P. Jacobson, Assistant Attorney General, State of Minnesota, Office of the Attorney General, St. Paul, Minnesota (appearing on behalf of Attorney General Hubert Humphrey)
- Karen Clark, Minnesota House of Representatives, Minneapolis, Minnesota
- Malcolm Curley, Office of Contracts and Grants, The Navajo Nation Council, Window Rock, Arizona
- Exhibits (403 KB PDF)
- Panel Two
- Kirsten Bansen, Minnesota Housing Partnership, Minneapolis, Minnesota
- John Bryant, Chairman and CEO, Operation Hope: Urban Economic Empowerment, Bryant Group Companies, Inc., Los Angeles, California
- Anne Haines Yatskowitz, President and CEO, ACCION New Mexico, Albuquerque, New Mexico
- Clive Rainey, Development Officer, Habitat for Humanity, Americus, Georgia
- Deborah Sawyeur-Parks, President and CEO, Oregon Corporation for Affordable Housing, Portland, Oregon
- Suzy Wheeler, Education Coordinator, Consumer Credit Counseling Service, Minneapolis, Minnesota
- Exhibits (726 KB PDF)
- Panel Three
- Marcia Erickson, Minnesota ACORN, St. Paul, Minnesota
- Marilyn Whitfield, Board Member and Co-chair of the North Minneapolis Chapter, Minnesota ACORN, Minneapolis, Minnesota
- Jordan Ash, Loan Counseling Coordination, Minnesota ACORN, St. Paul, Minnesota
- Alton Bennett, Board Member and Chair of the Banking & Housing Committee, Minnesota ACORN, St. Paul, Minnesota
- Exhibits (58 MB PDF)
- Panel Four
- Robert Gnaizda, Policy Director and General Counsel, Greenlining Institute, San Francisco, California
- George Dean, President and CEO, Greater Phoenix Urban League, Phoenix, Arizona
- Jorge Correlejo, Boardmember, Latin Business Association, Los Angeles, California
- Gelly Borromeo, Publisher, Asian Enterprise Magazine
- George Bivins, President, Black Business Association of Southern California, Los Angeles, California
- Pheng Lee, Secretary, Hmong American Political Association, Fresno, California
- Cheng Thao, Marketing Cooperative, The Hmong American Community, Inc., Fresno, California
- Exhibits (152 KB PDF)
- Panel Five
- Amelia Kalant, The Community Reinvestment and Development Task Force, Albuquerque, New Mexico
- Marv Kamp, Wisconsin Rural Development Corporation, Mount Horeb, Wisconsin
- Brenda LaBlanc, Iowa Citizens for Community Improvement, Des Moines, Iowa
- Adam Holdorf, Washington Reinvestment Alliance, Seattle, Washington (remarks presented by Brenda LaBlanc)
- Ferol Wegner, Citizens for Community Improvement of Des Moines, Des Moines, Iowa
- Exhibits (174 MB PDF)
- Panel Six
- George Brantley, Executive Director, Hope Center Children's Program, Denver, Colorado
- Pete Garcia, President and CEO, Chicanos Por La Causa, Phoenix, Arizona
- Autumn J. Gold, Home Mortgage Coordinator, Atlantis Community, Inc., Denver, Colorado
- Pierre Jimenez, Interim Executive Director, Denver Community Television, Denver, Colorado
- Mary Tingerthal, President and CEO, National Equity Fund, Chicago, Illinois
- Exhibits (650 KB PDF)
- Panel Seven
- Dana Wise, AFL-CIO/CLC, United Steelworkers of America, Pittsburgh, Pennsylvania
- Joyce Gallardo, Local Union 3267, United Steelworkers of America, Pueblo, Colorado
- Howard Pacheco, Local Union 2102, United Steelworkers America, Pueblo, Colorado
- Jan Pacheco, Local Union 2102, United Steelworkers, America, Pueblo, Colorado
- Mary Rosenthal, Minnesota AFL-CIO
- Matthew Lee, Inner City Press/Community on the Move and Inner City Public Interest Law Center, Bronx, New York (remarks presented by Marv Kamp)
- Exhibits (2.2 MB PDF)
- Panel Eight
- Karen Caplan, President, Frieda's, Inc., Los Alamitos, California
- Allen McGill, President, Black State Employees Association of Texas, Inc., Dallas, Texas
- Dr. Darren Reagan, Chairman and CEO, Black State Employees Association of Texas, Inc., Dallas, Texas
- Jim Reid, President, Southern Dallas Development Corporation, Dallas, Texas
- Kelby Grovender, Director of Anishabe Wakigan, American Indian Housing Corporation, Minneapolis, Minnesota
- Exhibits (590 KB PDF)
- Panel Nine
- Charles Finn, Humphrey Institute, University of Minnesota, Minneapolis, Minnesota
- Lilly Mendoza, delivering remarks on behalf of Rapid City Housing Coalition and Young Women's Unity Association, Rapid City, South Dakota
- Leola Seals, Minneapolis NAACP, Minneapolis, Minnesota
- Exhibits (455 KB PDF)
- Panel Ten
- Ronald Cody, President, Junior Achievement of the Upper Midwest, Inc., Minneapolis, Minnesota
- Steve Cramer, Executive Director, Project for Pride in Living, Minneapolis, Minnesota
- Jerry Cutts, Executive Director, Development Corporation for Children, Minneapolis, Minnesota
- Thomas P. Fulton, President, Family Housing Fund, Minneapolis, Minnesota
- Jim Watt, Executive Director, Twin Cities Neighborhood Housing Services, St. Paul, Minnesota
- Exhibits (110 KB PDF)
- Panel Eleven
- Danielle Nugent, delivering remarks on behalf of the Minnesota Public Interest Research Group, Minneapolis, Minnesota
- Stephen Tatum, Sr., President, New Century One Community Lending Cooperative, Minneapolis, Minnesota
- Ann Therkelson, Minneapolis, Minnesota
- Exhibits (98 KB PDF)
- Panel Twelve
- Roger A. Jensen, Anoka Sherburne County Capital Fund, Anoka County Economic Development Partnership, Coon Rapids, Minnesota
- Warren McLean, President and CEO, Metropolitan Economic Development Association, Minneapolis, Minnesota
- Curt Milburn, Project Director, Phalen Corridor Initiative, St. Paul, Minnesota
- Jim Shreffler, Lutheran Social Service Loan Fund, Duluth, Minnesota
- Exhibits (797 KB PDF)
- Panel Thirteen
- Zula Young, Rondo Community Land Trust, St. Paul, Minnesota
- Richard Ernest, Ernest Farm, Minnesota Lake, Minnesota
- Chantha R. Koy, Mortgage Counselor, Powderhorn Residents Group, Minneapolis, Minnesota
- Mary Vitela, Stevens Realty, St. Paul, Minnesota
- Exhibits (102 KB PDF)
Complete Thursday transcript | Complete Thursday exhibits (7 MB PDF)
Home | Banking
information and regulation
Accessibility | Contact Us
Last update: September 27, 2002 |