UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (date of earliest event reported): May 12, 2011

 

 

WELLS FARGO & COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-2979   No. 41-0449260

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

420 Montgomery Street, San Francisco, California 94163

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: 1-866-249-3302

Not applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 8.01 Other Events

On the notice date specified below, Wells Fargo & Company (the “Company”) submitted a redemption notice to the property trustee for each trust listed below, which will result in the redemption of the trust preferred securities identified below on the redemption date specified for each security. Under applicable regulatory capital guidelines issued by bank regulatory agencies, upon notice of redemption, the trust preferred securities will no longer qualify as Tier 1 capital for the Company. These redemptions are consistent with the capital plan the Company submitted to the Federal Reserve Board and the actions the Company previously announced on March 18, 2011, and will be funded with excess cash currently available to the Company.

 

Trust

  

Security

   Principal
Amount
    

CUSIP

   Notice Date      Redemption
Date
 

Southwest Community Statutory Trust I

  

Floating Rate

Capital Securities

   $ 8,000,000       8447809Z1      May 12, 2011         June 26, 2011   

United Bancorporation of Wyoming Capital Trust I

  

Floating Rate

Preferred Securities

   $ 15,000,000       90944SAA6      May 13, 2011         June 30, 2011   

Placer Statutory Trust III

  

Floating Rate

Preferred Securities

   $ 10,000,000       726080AA2      May 13, 2011         June 30, 2011   

Century Capital Trust

   Capital Securities    $ 8,000,000       N/A      May 12, 2011         July 8, 2011   

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    WELLS FARGO & COMPANY
DATED: May 13, 2011  

            /s/ Barbara S. Brett

  Barbara S. Brett
  Senior Vice President and Assistant Treasurer

 

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