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Wells Fargo Receives President’s Volunteer Service Award

Wells Fargo & Company (NYSE: WFC) received the Silver level U.S. President’s Volunteer Service Award in recognition of the 10,000 hours that its team members volunteered with Junior Achievement USA ® in 2010-2011. Junior Achievement, an official certifying organization for the award, presented it to Wells Fargo on March 13 at the organization’s board reception and dinner in New York.

“Encouraging young people to learn about business and become financially literate is a very important cause that Wells Fargo supports,” said Tim Hanlon, head of Philanthropy for Wells Fargo. “In 2011, our team members volunteered a total of 1.5 million hours to 28,000 organizations. We’re proud that Junior Achievement is one of them.”

“Junior Achievement appreciates Wells Fargo’s leadership and the countless hours of dedicated work from Wells Fargo associates,” said Jack E. Kosakowski, president and CEO of Junior Achievement. “Wells Fargo has significantly impacted the future leaders of business and our communities. It should truly be proud of all that it has accomplished.”

Melissa Buchanan, National Volunteerism Manager for Wells Fargo, attended the dinner and reception. “It’s exciting to accept this award on behalf of Wells Fargo,” said Buchanan. “I’m especially proud of those team members who devoted their time and talent to work with Junior Achievement in helping make a difference in the lives of young people.”

The President’s Volunteer Service Award was created by the President’s Council on Service and Civic Participation in 2003 for individuals and organizations who contribute a significant amount of time to volunteer service and who inspire others to serve those in need in their communities. Junior Achievement is the world’s largest organization dedicated to providing young people with support and resources for work readiness, entrepreneurship and financial literacy.

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. 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 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.

Copyright Business Wire 2010

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