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Wells Fargo Invests $208,000 to Develop Asian American Entrepreneurs

"There has never been a study focused on business practices as conducted by Asian communities within mainstream America," said Susan Au Allen, National President and CEO of the USPAACC Education Foundation. "This investment from Wells Fargo will help us better understand Asian entrepreneurs in the United States and better serve this fast-growing and dynamic community."

"For many years, Wells Fargo has enjoyed a supportive relationship with the USPAACC Education Foundation," said Patrick Yalung, regional president for the company's Washington region and national spokesperson for Wells Fargo's Asian Business Services. "This investment again shows our support for and commitment to the Asian business community across America."

Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,400 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

Wells Fargo is America's #1 small business lender in total dollar volume according to the most recent Community Reinvestment Act data (2007) and the #1 SBA 7a national bank lender in total dollar volume (2008). Wells Fargo has loaned more than $39 billion to women, African American, Latino and Asian business owners since 1995. For more information, speak with a Wells Fargo banker, visit wellsfargo.com/biz or call the National Business Banking Center at 1-800-CALL-WELLS.

The US Pan Asian American Chamber of Commerce (USPAACC) Education Foundation was formed in 1984 as a national non-profit organization representing all Asian Americans and Asian American-related groups in business. For the past two decades, USPAACC Education Foundation has been promoting, nurturing and propelling economic growth by opening doors to contract, educational and professional opportunities for Asian Americans and their business partners in corporate America, the federal, state and local government, and the minority business community.

USPAACC Education Foundation regularly holds Procurement Connections across the country to address issues that are important to the Asian American business community. USPAACC Education Foundation also certifies Asian American-owned businesses and is a unique one-stop shop where Asian American suppliers increase their contacts and sales, and corporate and government purchasers diversify their supplier base. Headquartered in Washington, D.C., USPAACC Education Foundation has a nationwide presence through its seven regional chapters in Northern and Southern California, New York, Texas, Georgia, Illinois, and Washington DC-Virginia-Maryland in the National Capital Area.

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Wells Fargo
Allison Olson, 415-975-6291
allison.olson@wellsfargo.com
or
USPAACC-EF
JP Torres, 617-933-9629
jptorres@uspaacc.com