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Wells Fargo Invested $6.6 Million in District of Columbia Nonprofits in 2010

^{Published on 2011-02-28 09:05:23 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Wells Fargo & Company (NYSE: WFC) announced today that it invested $6.6 million in District of Columbia-based nonprofits in 2010, or more than $18,000 each day.

"We have all been affected by the countrya™s current economic challenges, so I couldna™t be more proud of our company and the generosity of our team members in responding to the needs of our communities"

The company and its foundations contributed more than $17 million in 2010 in its Mid-Atlantic banking region (Maryland, Washington, D.C., and Virginia), a 42% increase over 2009 giving. The regiona™s 14,000 team members contributed $1.6 million during the companya™s 2010 workplace giving campaign and volunteered more than 49,400 hours.

aWe have all been affected by the countrya™s current economic challenges, so I couldna™t be more proud of our company and the generosity of our team members in responding to the needs of our communities,a said Mike Golden, Wachovia/Wells Fargo regional president for Greater Washington, D.C. aOur company continues to be committed to using our financial resources and expertise, working closely with nonprofits and other stakeholders, to create long-term economic growth and quality of life for everyone in the communities we serve.a

D.C. non-profits and programs supported by Wells Fargo in 2010 include:

• Capital Area Food Bank
• D.C. College Access Program
• Greater Washington Urban League
• Manna, Inc. (affordable housing development)
• Habitat for Humanitya™s Jimmy and Rosalynn Carter Work Project

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 404 Wachovia retail banking stores in D.C., Maryland and Virginia 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 ].