Wells Fargo Employees in Greater Los Angeles and Orange County Give $6.1 Million in Personal Donations to Schools and Nonprofits

Wells Fargo & Company announced today that its employees donated $6,122,080 to nonprofit organizations and schools in Los Angeles, Orange and Ventura counties as part of the company’s annual Community Support and United Way Campaign in the month of September.

All donations were funded personally by employees.

"With our neighbors suffering challenges and hardships during this prolonged economic downturn, the generosity of our team members continues to be a source of pride for Wells Fargo. Year after year, they respond with empathy and leadership by donating their time and money to make a difference in people’s lives,” said John Sotoodeh, president of Wells Fargo L.A. Metro/Orange County Regional Banking. "Our team members’ deep commitment to our community explains why Wells Fargo, the nation’s 12^th largest employer, has been United Way’s No. 1 largest corporate campaign over the past two years nationally.”

The annual Community Support and United Way Campaign encourages employees to give in ways that mean the most to them – whether it is getting out in the community to volunteer for their favorite nonprofit or through financial contributions to any nonprofit, school or religious institution of their choice. One hundred percent of employee donations go to the organizations they choose. Wells Fargo pays all processing costs, and matches gifts up to $5,000 per employee to qualifying schools.

Companywide, employees donated a record $41.6 million to 28,000 nonprofits and schools during the Campaign, up 13 percent over 2010. Wells Fargo employees invest in nonprofits throughout the year. This year, including the September Campaign, team members have so far donated $63.9 million of their own dollars to nonprofits, a 15 percent increase over 2010, and the ninth straight year of year-over-year double-digit increases in pledge totals.

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. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.