ABD Insurance & Financial

Founded by Bruce Basso, Fred de Grosz and Doug Alburger, ABD Insurance & Financial, Inc. was a large Northern California-based insurance and financial services broker. ABD was headquartered in Redwood City, California.

ABD Inc. accounted for $165 million in 2005 U.S. revenue, ranking as the nation's 14th largest insurance brokerage, according to Business Insurance magazine's July 2006 rankings. It ranked 2nd on the San Francisco Business Times' 2006 List of the Largest Insurance Brokers in the Bay Area, with just over $1 billion in Bay Area-generated 2005 premium volume, and $2.26 billion in overall premium volume that year. At the time, it had 575 brokers and about 800 employees companywide. It became part of Wells Fargo Insurance Services with the Wells Fargo acquisition of GBBK in 2007.

History

Formed in 1990 through the merger of the Mario L. Basso Agency and Alburger de Grosz, Inc., ABD Insurance & Financial then grew to become the 14th largest brokerage in the United States.

In 2002, Greater Bay Bancorp (GBBK) acquired ABD Insurance & Financial for $200 million.

In early 2007, Wells Fargo Bank agreed with Greater Bay Bancorp (GBBK) on a $1.5 billion acquisition that would also integrate ABD into its own subsidiary Wells Fargo Insurance Services.^[1] The parent companies' merger beame effective on 1 October 2007.^[2]

References

↑ Mike Barris (4 May 2007). "Wells Fargo Agrees to Acquire Greater Bay Bancorp for $1.5 Billion". Retrieved 9 May 2016.
↑ "Greater Bay Bancorp Shareholders Approve Merger with Wells Fargo & Company". Business Wire. 26 September 2007. Retrieved 9 May 2016.

External links

"Official homepage". Archived from the original on 2007-12-04. Retrieved 2016-05-09.

Wells Fargo

History

Founders	Henry Wells William Fargo

Board of directors	John Stumpf (Chairman and CEO) Timothy Sloan Patricia Callahan Kevin Rhein Michael Loughlin James Strother Richard Levy David Carroll Michael Heid David Hoyt

Divisions	Wells Fargo Advisors Wells Fargo Bank Wells Fargo Financial Wells Fargo Home Mortgage Wells Fargo Insurance Services Wells Fargo Securities

Historical components	ABD Insurance & Financial Atlantic National Bank A. G. Edwards Bache & Co. Bank of Baltimore Bank of North America Bowles Hollowell Connor & Co. Century Bank CoreStates Financial Crocker National Bank Evergreen Investments First Commerce Bancshares First Interstate Bancorp First Security First Union Florida National Bank Garden State National Bank Georgia Railroad Bank Golden West Financial Halsey, Stuart & Co. National Bank of Alaska Norwest Prudential Securities Southeast Bank SouthTrust Wachovia Wachovia Securities

Former components	H.D. Vest Pamlico Capital Tillie the All-Time Teller

Buildings	One Wells Fargo Center Wells Fargo Center (Denver) Wells Fargo Center (Jacksonville) Wells Fargo Center (Los Angeles) Wells Fargo Center (Minneapolis) Wells Fargo Center (Portland, OR) Wells Fargo Center (Sacramento) Wells Fargo Center (Salt Lake City) Wells Fargo Center (Seattle) Wells Fargo Place Wells Fargo Plaza (El Paso) Wells Fargo Plaza (Houston) Wells Fargo Plaza (Phoenix) Wells Fargo Center (Philadelphia) Wells Fargo Tower (Birmingham) Wells Fargo Tower (Colorado Springs) Duke Energy Center

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