Wells Fargo Nearly Doubled Its Initial Goal to Support Service Members, Veterans; Donating $66 Million over Past Three Years

Wells Fargo celebrates National Veteran Small Business Week, Veterans
Day, Military Family Month

SAN FRANCISCO–(BUSINESS WIRE)–Wells
Fargo & Company
(NYSE:WFC) announced that it has donated more
than $66 million to help service members, veterans, and their families
over the past three years — well surpassing its $35 million goal.

In November 2012, Wells Fargo pledged $30 million in property donations
to wounded veterans and an additional $5 million in donations to
military- and veteran- related nonprofits. The company also committed to
increasing veteran hiring initiatives and financial education. Wells
Fargo now has surpassed its original goal by more than $31 million.

Since November 2012, Wells Fargo has:

  • Donated or is in the process of donating to wounded veterans more than
    300 properties valued at more than $49 million.
  • Donated nearly $17 million to military- and veteran- related
    nonprofits.
  • Hired more than 4,800 veterans.
  • Participated in more than 650 military job fairs.
  • Launched Hands on Banking for Military®, a financial education
    program that has been used by more than 100,000 people.

“While Wells Fargo has been committed to service members, veterans, and
their families for more than 163 years, we’ve really increased our
commitment and support over the past three years,” said Jerry Quinn,
Wells Fargo Military & Veteran Programs manager. “In 2016 and beyond, we
will remain committed to the three areas where we feel we can have the
greatest impact: empowering service members and veterans to succeed
financially through home ownership, career transition, and financial
education.”

Wells Fargo will take part in numerous activities throughout November to
celebrate National Veteran Small Business Week, Veterans Day and
Military Family Month. Several examples:

  • Wells Fargo is part of the Coalition for Veteran Owned Businesses and
    will help support one of the organization’s goals — to increase opportunities
    for diverse suppliers. Wells Fargo’s Supplier Diversity program builds
    relationships with diverse-owned businesses, including veterans, and
    integrates those businesses into its supply chain.
  • Wells Fargo is a participating lender in the U.S. Small Business
    Administration’s Veterans
    Pledge
    Initiative, an industry-wide effort to increase SBA lending
    to veteran small business entrepreneurs by 5 percent a year through
    2017. Wells Fargo supports the SBA’s efforts to approve more SBA loans
    for military veteran small business entrepreneurs who seek financing
    and are ready to use credit for their business.
  • Wells Fargo is participating in numerous Veterans Day events across
    the U.S., including sponsorship of the Salute to Service in San Diego
    and participation in 11 parades across the U.S. Wells Fargo Home
    Mortgage has invited veterans to ride inside the Wells Fargo
    stagecoach during Veterans Day parades in Dallas, San Francisco,
    Phoenix, San Antonio, and New York. These veterans have received
    mortgage-free homes donated by Wells Fargo in collaboration with
    Military Warriors Support Foundation and Operation Homefront. During
    the San Francisco parade on Nov. 8, home donation recipient James
    Gordon, an Army veteran, will receive the deed to his donated home,
    signaling his completion of the financial education program that will
    help him sustain homeownership.
  • Wells Fargo has provided more than $3 million in support for GRID
    Alternatives, a nonprofit organization that makes solar power and
    solar job training accessible in underserved communities, including
    targeted support for its veteran’s job training initiative. This
    Veterans Day, Wells Fargo volunteers will join GRID Alternatives and
    veteran job trainees in three California communities — San Diego, Paso
    Robles, and Riverside — to help install solar power panels for veteran
    families.
  • Wells Fargo will offer three free financial educational webinars to
    service members Nov. 10–12. Topics include purchasing a home, managing
    credit, and budgeting and saving. The free online sessions are offered
    through the Military
    Mortgage Express
    ® program. The instructor-led sessions
    are open to all interested military members, veterans, and family
    members. Participants have the opportunity to ask questions.
    Registration at www.wellsfargo.com/rsvp
    is required (use codes Mil1stHome, MilBudget, and MilCredit). Space is
    limited; those interested are encouraged to register early.

More information about Wells Fargo’s support of service members,
veterans, and their families is available at wellsfargo.com/military/veterans.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.8 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through 8,700 locations, 12,800 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 36 countries to
support customers who conduct business in the global economy. With
approximately 265,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 30
on Fortune’s 2015 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and help
them succeed financially. Wells Fargo perspectives are also available at Wells
Fargo Blogs
and Wells
Fargo Stories
.

Contacts

Wells Fargo
Lisa Westermann, 415-222-6236
Lisa.B.Westermann@wellsfargo.com
Twitter
@LWestermannWF