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Wells Fargo Invested $4.9 Million in Maryland Nonprofits in 2010; Team Member Volunteer Hours Topped 21,000

^{Published on 2011-02-28 09:05:21 - Market Wire}
 

BALTIMORE--([ BUSINESS WIRE ])--Wells Fargo & Company (NYSE: WFC) announced today that it invested $4.9 million in Maryland nonprofits in 2010, or more than $13,400 each day to nonprofit organizations located in the state. In addition, Wachovia/Wells Fargoa™s 4,300 Maryland team members contributed more than $509,000 and 21,000 volunteer hours to help their neighborhoods and communities succeed.

"During a time when everyone has been touched in some way by the recession, Ia™m proud that Wells Fargo, and our Maryland team members, responded so generously to the needs of our local communities"

aDuring a time when everyone has been touched in some way by the recession, Ia™m proud that Wells Fargo, and our Maryland team members, responded so generously to the needs of our local communities,a said Andy Bertamini, Wachovia/Wells Fargo regional president for Maryland. aWhether our signs are blue or red, Wachovia or Wells Fargo, we will always be committed to working closely with nonprofits and community leaders to create long-term economic growth and strong communities in Maryland.a

Maryland non-profits and programs supported by Wells Fargo in 2010 include:

• Consumer Credit Counseling Service a" Silver Spring
• Greater Baltimore Urban League
• Habitat for Humanity a" Baltimore, Frederick and Montgomery County
• Kairos Development Corporationa™s Homeownership Education and Mortgage Delinquency and Foreclosure Prevention Counseling Program
• The Maryland Food Bank
• Teach For America

Wells Fargo also announced its latest Corporate Social Responsibility Report aWorking Together for the Common Gooda is now available at[ www.wellsfargo.com/about/csr ].In this report, the company provides an update on its progress to integrate social and environmental responsibility into its business practices, operations and culture.

Nationwide, Wells Fargo invested a record $219 million in 19,000 nonprofits in 2010, up 9 percent over 2009. In addition, Wells Fargo team members contributed more than $55.3 million and 1.3 million volunteer hours to 25,000 nonprofits and schools.

The 81 Wachovia retail banking stores in Maryland will become Wells Fargo in fall 2011.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. We want to help all of our customers succeed financially and create long-term economic growth and quality of life for everyone in our communities. In 2010, the Company invested a record $219 million in grants in 19,000 nonprofits, and team members contributed more than 1.3 million volunteer hours around the country. For more information, please visit: [ www.wellsfargo.com/about/csr ].