Wells Fargo & Co. said Thursday it plans to acquire a small one-branch bank about 80 miles northeast of Denver.
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The $595 billion-asset Wells said it will buy from privately held F.S.B. Bancorp its Farmers State Bank in Fort Morgan, Colo. Farmers State Bank has assets of $145 million, deposits of $116 million and loans of $66 million. It has 35 employees; they will join Wells.
Wells did not disclose terms of the deal, which is expected to close by December.
Wells already has 151 bank branches in Colorado.
