She got board invites from insurer Safeco Corp. and the Federal Reserve Board of San Francisco (which she chaired from 1995 to 1997), then Wells Fargo and lumber company Potlach Corp.

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In a statement, the company said it "has demanded that Wachovia and Wells Fargo terminate and not proceed with any proposed transaction, " citing tortuous interference with an exclusivity agreement.

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Nationwide diversified financial services company, Wells Fargo has a dividend yield of 2.7 percent and a payout ratio of 0.05.

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Name a bank, Wells Fargo, or a mortgage company, Countrywide Financial , or a one-time tax lien investor, and this issue affects its business.

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The company went public in Hong Kong in 2004 and counts Dreyfus, Merrill Lynch, Fidelity and Wells Fargo among its investors.

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