San Francisco-based bank Wells Fargo & Company acquired premium finance company Flatiron Credit Company Inc., formerly a subsidiary of TD Banknorth, N.A. Terms of the deal were not released.

Founded in 1995 by its two principals, Robert Pinkerton and Bruce Lundy, Flatiron Credit and its operating subsidiary Flatiron Capital Corp., were described by the bank as one of the larger U.S. premium finance companies.

Flatiron originates, funds and services insurance premium finance contracts for commercial property and casualty insurance through a national network of insurance agents and insurance brokers, managing general agents and insurance companies.

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