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Wells Fargo and Team Members to Contribute up to $1.5 Million to Aid Disaster Relief and Recovery Efforts in Japan

^{Published on 2011-03-15 13:10:45 - Market Wire}
 

SAN FRANCISCO--([ BUSINESS WIRE ])--Wells Fargo & Company (NYSE:WFC) said today the company and its team members will contribute as much as $1.5 million to victims of the earthquake and tsunami in Japan. The company will immediately contribute $500,000 to the American Red Cross to support the Japan Earthquake and Pacific Tsunami Fund. In addition, Wells Fargo will match contributions from its team members dollar-for-dollar, up to $500,000, for a potential total of $1.5 million.

"We are only just beginning to understand the devastating impact of the Japanese earthquake and tsunami in loss of both lives and property"

aWe are only just beginning to understand the devastating impact of the Japanese earthquake and tsunami in loss of both lives and property,a said Wells Fargoa™s Chairman and CEO John Stumpf. aOn behalf of our 280,000 team members, we want to express our deepest sympathy for the victims and their families and mobilize our efforts to provide help.a

Wells Fargo customers are encouraged to donate to the American Red Cross relief efforts in Japan at more than 9,000 Wells Fargo branded ATMs across the country. Customers will not be charged any fees for using the service and 100 percent of the donation is sent to the American Red Cross. Donations may also be made via the American Red Cross website at [ www.redcross.org ].

Visa has announced on behalf of all its clients a" including Wells Fargo a" it will waive interchange fees on Visa cards through the end of April when they are used to make donations to qualifying nonprofit organizations that are engaged in relief efforts in Japan. Please see [ www.visa.com ] for additional information. In addition, Wells Fargo is waiving its ATM and foreign currency fees on transactions conducted by its debit and consumer credit cardholders in Japan through June 15, 2011.

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 ].