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SAN FRANCISCO--([ BUSINESS WIRE ])--Wells Fargo & Company (NYSE:WFC) has received a 2012 Summit Award from United Way in recognition of its outstanding record of volunteer engagement. United Way presented the award to Wells Fargo at the organizationas Community Leadership Conference in Nashville on May 3. Wells Fargo was one of six companies, and one of two banks, receiving Summit awards. Wells Fargo received Summit awards in 2005, 2009, and 2010.

"I am amazed at the many ways that our team member volunteers are positively impacting the lives of others, from teaching financial literacy classes, helping out in food banks, building houses, and in thousands of other ways."

aI am proud of the generosity and compassion that our team member volunteers have demonstrated in the work that they do in their communities each year,a said Jon Campbell, head of Social Responsibility for Wells Fargo. aLast year alone they volunteered a total of 1.5 million hours to 28,000 organizations; thatas an increase of nearly 11 percent over last year. We are honored to have this recognition from United Way, and proud to be a partner with them in the important work that theyave been doing in so many communities for so long.a

The United Way Summit Award is part of United Wayas Spirit of America and Summit Awards program, the organizationas highest national honor. For 20 years the program has recognized corporate citizens that set the example in terms of employee and community engagement. The Summit Awards honor company excellence in three areas: community impact, volunteer engagement, and philanthropic engagement.

aWhen it comes to investing in communities to create lasting impact, Wells Fargo is a national leader,a said Brian Gallagher, president and CEO of United Way Worldwide. aThe company and its employees give more than $200 million to nonprofits and are United Wayas largest campaign in the U.S. In addition to this incredible generosity, Wells Fargo and its team members have stepped up to give their time as well, providing more than one million volunteer hours to nonprofits large and small in communities across the nation.a

Patty Pannkuk, Vice President for Community Support Programs for Wells Fargo, attended the conference. aEach day our team members are out in the communities where they live, giving their time and talents to help those in need,a said Pannkuk. aI am amazed at the many ways that our team member volunteers are positively impacting the lives of others, from teaching financial literacy classes, helping out in food banks, building houses, and in thousands of other ways.a

United Way is a global network of volunteer-led nonprofit organizations supporting a variety of initiatives that promote education, income stability, and community health.

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 other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortuneas 2011 rankings of Americaas largest corporations. Wells Fargoas vision is to satisfy all our customersa financial needs and help them succeed financially. In 2011, the Company invested $213.5 million in grants in 19,000 nonprofits, and team members contributed more than 1.5 million volunteer hours around the country. For more information, please visit: [ www.wellsfargo.com/about/csr ].