Wells Fargo to Acquire Strategic Ally Castle Pines Capital; Terms Not Disclosed

Wells Fargo & Company

announced today that Wells Fargo Bank, N.A. has entered into a definitive agreement to acquire the remaining equity interest in CP Equity LLC, the sole owner of Castle Pines Capital LLC and its affiliates, Castle Pines Capital International LLC and CPC Global LLC. CPC has approximately 60 employees and is headquartered in Denver, with additional offices in Boston and Ft. Lauderdale. The transaction is expected to be completed this summer. Terms of the purchase were not disclosed.