Late Tuesday, as his hometown rival David A. Coulter was ending a 22-year run with BankAmerica Corp., Paul Hazen of Wells Fargo & Co. was looking confidently to the future.

The Wells Fargo chief executive officer, speaking with reporters after shareholders overwhelmingly approved a merger with Norwest Corp., said he has no plans to leave the company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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