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Wells Fargo Invested $15 Million in Greater Los Angeles Nonprofits in 2009

The company remains one of the largest corporate contributors to nonprofit organizations in the Greater Los Angeles region, which includes nonprofit organizations and schools in Los Angeles, Ventura, Santa Barbara and west San Bernardino counties.

"We remain focused on providing resources to nonprofits to help ensure jobs remain intact, services are being provided, educational opportunities are present and our local communities continue to thrive," said John Sotoodeh, regional president for Wells Fargo Los Angeles Metro Community Banking. "Cash giving is just one of the ways we support our local communities. Through our community development programs, support for diverse suppliers, the generosity of team members in volunteering in our record-setting Community Support Campaign, as well as financial education and environmental programs, Wells Fargo is expressing its commitment to the economic well-being of communities."

In 2009, team members in Greater Los Angeles also reported more than 20,000 volunteer hours serving nonprofit organizations in their communities and donated $4,276,147 of their own dollars to local nonprofit organizations and schools through the company's Community Support Campaign which is an annual fundraiser encouraging employees to support any 501(c)(3) nonprofit agency or school, including the United Way.

About Wells Fargo

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 and wachovia.com) across North America and internationally. The company promotes economic growth and self-sufficiency, education, social services, the arts and the environment in thousands of communities across North America. In 2009, the company gave $202 million in grants to 18,000 nonprofits. The merger of Wells Fargo and Wachovia makes our presence twice as strong in the communities we serve. For more about Wells Fargo's achievements in Social Responsibility: www.wellsfargo.com/about/csr.

Wells Fargo & Company
Shannon King, 213-253-3721