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Acordia Inc. Acquires the Assets of Somerton Student Insurance Services

America's Largest Bank-Affiliated Brokerage Purchases Leading California Agency

Acordia, Inc., America's largest bank-affiliated insurance brokerage and a subsidiary of Wells Fargo & Company (NYSE: WFC), acquired the assets of Somerton Student Insurance Services in Rancho Murieta, Calif.

The acquisition closed August 1, 2005. Terms of the transaction were not disclosed.

Somerton Student Insurance Services has served customers since 1996, and the agency's professional staff will be moving to Acordia's Rancho Cordova office and will be serving customers from that location at 11017 Cobblerock Drive, Suite 100, Rancho Cordova, CA, 95670-6049, telephone 916.231.1741 or toll free 800.257.4860.

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Acordia Inc. Acquires the Assets of Somerton Student Insurance Services,
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