Monday, September 04, 2006

AG Edwards, Wells Fargo join for venture - Kansas.com

I just found this online in the news:

"A.G. Edwards & Sons Inc. and Wells Fargo Home Mortgage, both of which have a large Wichita presence, plan to launch a joint venture to originate, process and fund mortgage loans for A.G. Edwards' clients.

Terms of the joint venture, called A.G. Edwards Mortgage LLC, were not disclosed.

Wells Fargo spokeswoman Debora Blume said the deal will have no impact on the company's Wichita mortgage offices. The joint venture will be operated out of Minneapolis, she said."

This is very sad to here for me as I have had an account with AG Edwards for years. It was the best place to keep your savings I had ever found.

No comments: