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ABD Insurance acquires Santa Rosa brokerage

REDWOOD CITY, Aug. 14, 2008 – ABD Insurance and Financial Services, a subsidiary of Wells Fargo Insurance Services Inc., has acquired the assets of Martin Financial/Insurance Services of Santa Rosa. Terms of the transaction were not disclosed.

The move is part of Wells Fargo’s expansion into Northern California, which now reaches more than 2,500 employees and 159 offices.

Martin Financial was founded in 1981, and shareholder Bud Martin and six staff members will remain in the office.

“We are delighted to join a well-respected organization that will let us broaden and enhance the insurance and risk-management solution we deliver to our customers,” Mr. Martin said.

“Our customers will receive the same great service from the same team of committed professionals, but they’ll now have access to a broader range of resources and services to help them succeed financially.”

Wells Fargo Insurance in the fifth-largest insurance brokerage and the largest bank-owned insurance brokerage in the United States.