Wells Fargo Bank has acquired the business of Flatiron Credit and its operating subsidiaries.

Flatiron was a subsidiary of TD Banknorth, an insurance premium finance company. As part of the transaction, all employees of Flatiron will remain with the business, offering a seamless transition for its clients.

Dave Zuercher, head of international and insurance services for Wells Fargo, said: Flatiron has long-standing relationships with producers and is a recognized provider of premium financing to firms across the nation. It will be our platform as we enter the premium finance business, cementing Wells Fargo’s position as one of the nation’s leading providers of financial services and further enable us to satisfy all the financial needs of our commercial customers.