Wells Fargo 2011 Annual Report Download - page 113

10% of the liabilities of all financial companies in the U.S. We are
approaching the deposit cap, which may limit our bank
acquisition opportunities in the future.
Difficulty in integrating an acquired company may cause us
not to realize expected revenue increases, cost savings, increases
in geographic or product presence, and other projected benefits
from the acquisition. The integration could result in higher than
expected deposit attrition, loss of key team members, disruption
of our business or the business of the acquired company, or
otherwise harm our ability to retain customers and team
members or achieve the anticipated benefits of the acquisition.
Time and resources spent on integration may also impair our
ability to grow our existing businesses. Also, the negative effect
of any divestitures required by regulatory authorities in
acquisitions or business combinations may be greater than
expected. Many of the foregoing risks may be increased if the
acquired company operates internationally or in a geographic
location where we do not already have significant business
operations and/or team members.
* * *
Any factor described in this Report or in any of our other
SEC filings could by itself, or together with other factors,
adversely affect our financial results and condition. Refer to our
quarterly reports on Form 10-Q filed with the SEC in 2012 for
material changes to the above discussion of risk factors. There
are factors not discussed above or elsewhere in this Report that
could adversely affect our financial results and condition.
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