CHICAGO - Wells Fargo & Co. yesterday announced the hiring of three veteran public power and two prominent public finance bankers, all drawn from the ranks of former Bank of America-Merrill Lynch staff as part of the firm's ongoing efforts to round out its national public finance team.

The new hires include West Coast banker Rick Chisholm, who will serve as co-head of the nonprofit and education sectors from San Francisco, and Frank Farley, who will serve a co-head of the Southwest region. Both joined the firm as managing directors said Peter Hill, head of Wells Fargo Securities' public finance practice.

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