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Wells Fargo Unites Canadian Asset-Based Lending Businesses as Part of Wells Fargo Capital Finance

"Bringing our Canadian businesses together under this new identity completes the work we began in December, when we first introduced the name in the U.S.," said Peter Schwab, head of Wells Fargo Capital Finance. "Thanks to the merger with Wachovia, we're better positioned than ever before to help Canadian companies achieve their goals."

Wells Fargo Capital Finance will provide a range of flexible financing options from traditional asset-based lending and accounts receivable financing, to custom solutions for industry- and situation-specific needs. Combined, the businesses of Wells Fargo Capital Finance have more than 2,300 customer relationships, more than $26 billion in outstanding loans, and more than 1,700 team members. More information about the new organization and its capabilities can be found at wellsfargocapitalfinance.com/canada.

Wells Fargo Capital Finance is the trade name for certain asset-based lending, accounts receivable and purchase order finance services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Bank, N.A.; Wells Fargo Business Credit, a division of Wells Fargo Bank, N.A.; Wells Fargo Credit, Inc.; Wells Fargo Distribution Finance, LLC; Wells Fargo Capital Finance, Inc.; Wells Fargo Capital Finance, LLC; Wells Fargo Retail Finance, LLC; Wells Fargo Retail Finance II, LLC; Wells Fargo Trade Capital, LLC; Wells Fargo Trade Capital Services, Inc. ;Wachovia Capital Finance Corporation (Central); Wachovia Capital Finance Corporation (New England); Wachovia Capital Finance Corporation (Western); and Wells Fargo Capital Finance Corporation Canada. Wells Fargo Capital Finance Corporation Canada (also doing business in Quebec as Societe de financement Wells Fargo Capital Canada) is an affiliate of Wells Fargo & Company, a company that is not regulated in Canada as a financial institution, a bank holding company or an insurance company.

Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 stores and 12,000 ATMs and the Internet (wellsfargo.com) across North America and internationally.

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Wells Fargo & Company
Lindsay Adrian, 310-453-8232 (Media)