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News Releases
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2/7/19 11:44 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) is reporting the following updates on its progress in restoring services for customers following today’s system issue: Wells Fargo ATM services have been restored and are available for customer use. Mobile and Online Banking systems are operational, with the exception of some features, such as consumer credit card and mortgage balances,...more...
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2/7/19 1:07 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company issued the following statement: We’re experiencing system issues due to a power shutdown at one of our facilities, initiated after smoke was detected following routine maintenance. We’re working to restore all our services as soon as possible. We apologize for the inconvenience caused by these system issues, and we want our customers to know that any Wells Fargo fees incurred...more...
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2/7/19 8:00 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Small business owners indicated declining optimism in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 106. That marks the seventh consecutive quarter in which the score has topped 100, although it is 23 points lower than last quarter’s all-time high of 129. The first quarter 2019 survey was conducted Jan. 9–15. Along with a drop in the overall score, the number of...more...
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2/6/19 6:39 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced it has named Julie Scammahorn as its chief auditor. Scammahorn has more than two decades of experience in the financial services industry and most recently served at Citigroup Inc. as chief auditor of Citibank, N.A. and had direct audit responsibility for anti-money laundering and compliance. Scammahorn will join the company in April and will be based in San...more...
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2/6/19 12:13 pm ESTNEW YORK--(BUSINESS WIRE)--This Valentine’s Day, the Wells Fargo Propel® Card invites millennials to pop a question that matters: “Will you share your points with me?” A new study conducted on behalf of the Propel Card unveils millennial relationship rules, spending habits, and the role credit cards play from the butterflies in the first few months to the comforts of a lasting partnership. “We designed this survey to provide a look into our...more...
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2/5/19 10:00 am ESTCHICAGO — Wells Fargo Equipment Finance (WFEF), a Wells Fargo & Company (NYSE:WFC) subsidiary and Commercial Capital unit, announced today that Geoffrey Sale has joined its Automotive and Aerospace team as division sales manager. Based in Detroit, Sale reports to John Crum, WFEF Construction national sales manager. In his new position, Sale provides expert insight on financing solutions to suppliers in the automotive and aerospace industries. In addition, he develops and...more...
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2/5/19 9:00 am ESTDENVER--(BUSINESS WIRE)--To support greater economic empowerment in tribal communities, the Wells Fargo Foundation has awarded nearly $13 million to nonprofits supporting American Indian and Alaska Native communities as part of a five-year, $50 million commitment to expand its focus on tribal philanthropy. The funding will help increase homeownership, energy sovereignty and workforce development on tribal lands, promote development of native owned...more...
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Wells Fargo Invests $442 Million in LIFT Programs, Creating Nearly 20,000 Homeowners Across the U.S.
2/4/19 8:05 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) and NeighborWorks® America announced today that more than 3,900 homeowners were created in 2018 through the Wells Fargo NeighborhoodLIFT® program — bringing the total number of homeowners assisted to nearly 20,000 since LIFT programs were launched in 2012 in Los Angeles and Atlanta. Wells Fargo has invested more than $442 million for 67 LIFT program launches in support of sustainable...more... -
2/1/19 9:15 am ESTWASHINGTON--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC), NeighborWorks® America, MANNA, Inc. and Community Housing Partners today announced the NeighborhoodLIFT® program will launch for Washington, D.C., and Prince George’s County, Maryland, with a $7.1 million commitment by Wells Fargo to boost local homeownership. The 2019 NeighborhoodLIFT program follows the 2012 CityLIFT program that created 350 homeowners in the area. Wells...more...
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1/31/19 10:12 am ESTSANTA MONICA, Calif.--(BUSINESS WIRE)--Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE:WFC), announced today that it acted as administrative agent, lead arranger, and book runner for a $1.2 billion asset-based credit facility and a $125 million term loan facility in connection with the acquisition of Essendant (NASDAQ: ESND) by an affiliate of Sycamore Partners as supported by Staples Inc., which is also owned by affiliates...more...
