Wells Fargo to acquire United Bancorporation of Wyoming’s banking operations

Wells Fargo has agreed to acquire five banks in Wyoming and eastern Idaho belonging to United Bancorporation of Wyoming, the company said Tuesday.

The acquisition will make San Francisco-based Wells Fargo Corp. (WFC) the largest bank in both deposits and assets in Wyoming.

The banks to be acquired include Jackson State Bank & Trust, Shoshone First Bank, Sheridan State Bank, First State Bank of Pinedale and United Bank of Idaho, with 13 locations. They have $1.7 billion in assets and 300 employees in total.

Terms of the cash sale were not disclosed.

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