Wells Fargo 2009 Annual Report Download - page 24

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
It started small. A utility company with modest beginnings in Minnesota
issued public stock and chose a WellsFargo predecessor bank to be
its stock transfer agent 86 years ago. Today, MDU Resources (Bismarck,
North Dakota) and its 8,000 employees continue to rely on WellsFargo for
its stock transfer business and so much more: trust and custody services,
treasury management applications, hedging opportunities, the placement
of equity and helping arrange lines of credit to meet the capital needs of
the company, and other banking services. Patrick McCue (below, left),
and Keith Luettel (below, right), are two of dozens of team members who
help MDU Resources succeed fi nancially. “WellsFargo has become a key
banking partner and our relationship continues to evolve as we grow,” said
MDU Treasurer Doug Mahowald (below, center). “WellsFargo delivers
solutions tailored to the fi nancial needs of our company.”
86 years
and counting
The vision that works
“WellsFargo delivers solutions
tailored to the fi nancial needs
of our company.”
Doug Mahowald
Customer, Bismarck, North Dakota