Wells Fargo received approval Monday from the...

Wells Fargo received approval Monday from the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to complete its previously announced acquisitions of Torrey Pines Group, the parent company of Torrey Pines Bank, a consumer bank with six full-service branches in San Diego County and one in Riverside County. Wells also received regulatory approval to acquire Central Pacific Corp., and its American National Bank subsidiary, that operates 28 offices in an eight-county territory that includes the city of Riverbank in the north and San Bernardino in the south.

Wells hopes to complete the acquisitions in late March or early April.