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Fresh Ink.(Pacific Northwest Bancorp reaches deal to merge with Wells Fargo; notes other...

1. Pacific Northwest Bancorp has reached a definitive agreement to merge with Wells Fargo for $590 million in common stock. Seattle-based Pacific Northwest acquired Bank of the Northwest last year and has $3.1 billion in assets with 58 branches in Washington and Oregon.

2. Bank One Corporation has announced an agreement to acquire key business components of Zurich Life, a U.S. life and annuity operation of Zurich Financial Services Group, for $500 million in cash. The deal is expected to close in the third quarter, pending regulatory approval.

3. Morningstar

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