Wells Fargo Invested $5.7 Million in Virginia Nonprofits in 2010; Team Member Volunteer Hours Topped 26,500

Wells Fargo & Company (NYSE: WFC) announced today that it invested $5.7 million in Virginia nonprofits in 2010, or more than $15,600 each day. In addition, Wachovia/Wells Fargo’s 9,000 Virginia team members contributed more than $1 million and 26,500 volunteer hours to help their neighborhoods and communities succeed.

"Everyone has been touched in some way by the current economic challenges, so I couldn’t be more proud of our company and the generosity of our team members,” said Tim Butturini, Wachovia/Wells Fargo regional president for Greater Virginia.

"I'm proud to work for a company that continues to be committed to the communities where our team members and customers live and work. Supporting communities with financial resources as well as our team members volunteering their time to help others is just another example of our focus on doing what's right for our communities,” said Dee O’Donnell, Wachovia/Wells Fargo regional president for Western Virginia.

Virginia non-profits and programs supported by Wells Fargo in 2010 include:

• Total Action Against Poverty - Roanoke
• Southwest Virginia Community Development Financing Inc. - Abingdon
• Habitat for Humanity – Roanoke Valley, Bridgewater, Richmond Tri-Cities, Peninsula
• Communities in Schools - Richmond
• Virginia Food Banks - Blue Ridge, Southeastern Virginia, Peninsula, Feedmore, Inc. (Central Virginia)

Wells Fargo also announced its latest Corporate Social Responsibility Report "Working Together for the Common Good” 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 292 Wachovia retail banking stores in 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.