Norwest Corp. was expected to make a bid for First Interstate Bancorp. over the weekend.

First Interstate is already the target of a $10.1 billion hostile buyout by Wells Fargo & Co., but Norwest's move could signal the beginning of a bidding war.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.