Wells Fargo Invested $5.7 Million In Virginia Nonprofits In 2011

Wells Fargo & Company (NYSE: WFC) announced today that it invested $5.7 million in 859 nonprofits in Virginia in 2011 – totaling nearly $15,600 in daily giving to local nonprofit organizations. In addition, Wells Fargo’s 9000 team members in Virginia contributed more than $1.2 million and more than 32,650 volunteer hours to help their neighborhoods and communities succeed.

“There are many families and individuals in our communities who have been affected, in some way, by the current economic challenges, and I am proud of how our company and our team members have helped make a difference for those in need,” said Tim Butturini, Wells Fargo regional president for Greater Virginia.

“Year after year, Wells Fargo continues to offer its financial resources and expertise, working closely with nonprofits and other stakeholders to promote long-term economic growth and quality of life in the communities we serve,” said Dee O’Donnell, Wells Fargo regional president for Western Virginia.

Virginia non-profits and programs supported by Wells Fargo in 2011 include:
  • United Negro College Fund
  • Virginia Foundation for Community College Education
  • United Way
  • Virginia Council on Economic Education
  • Better Housing Coalition

Nationally, Wells Fargo invested $213.5 million in 19,000 nonprofits in 2011, giving more than $200 million for the fourth consecutive year. In addition, Wells Fargo team members contributed more than $63.9 million and 1.5 million volunteer hours to 25,000 nonprofits and schools. For the third year in a row, United Way Worldwide has named Wells Fargo’s annual Community Support and United Way Campaign the No. 1 Giving Campaign.

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 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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