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Wells Fargo Employee Donations Set Company Record

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Wells Fargo & Company (NYSE:WFC) team members pledged $70.5 million to nonprofits during the company’s annual Community Support and United Way campaign – a new company record – up about 9 percent from last year. Team members also volunteered 350,000 hours to community groups during the September workplace giving campaign, up 11 percent from last year.

“I’m proud of our team members’ willingness to give of themselves to their communities each year, in such great numbers,” said Chairman and CEO John Stumpf. “Whether they donate their time and talent, or their money, they’re helping create strong communities all over the country, and the world.”

For 2014, Wells Fargo team members have committed a total of $97.7 million to community nonprofits – including pledges during the campaign – marking the 12th consecutive year-over-year increase, and up nearly 10 percent from 2013. Wells Fargo has been named United Way’s No. 1 workplace giving campaign in the U.S. for five years in a row (2009-2013).

“Our company’s vision and values have always included a focus on promoting long-term economic prosperity and quality of life for everyone in our communities,” said Jon Campbell, head of Wells Fargo’s Government and Community Relations team, which oversees the campaign. “We could not do that without the commitment of our team members, who work with tens of thousands of nonprofits each year to create positive change in communities.”

During the Community Support and United Way Campaign, Wells Fargo team members have the opportunity to donate to nonprofits, schools or religious institutions of their choice. One hundred percent of their donations go to the organizations they choose, as Wells Fargo pays all processing costs. Throughout the year, the company also matches donations to qualifying schools, up to $5,000 per team member.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.6 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 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), 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. 29 on Fortune’s 2014 rankings of America’s largest corporations. In 2013, the Company invested $275.5 million in grants to 18,500 nonprofits, and team members contributed more than 1.69 million volunteer hours around the country. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

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