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News Releases
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8/5/19 12:52 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Business owners showed a rise in optimism in the latest quarterly Wells Fargo/Gallup Small Business Index, conducted July 8–12. The overall optimism score rose seven points to 136, as owners in the third quarter continued to report strong revenues. A majority also expressed little concern that their businesses would be affected by U.S. trade and tariff policies. Business owners continued to indicate strong optimism about their present and future financial...more...
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8/1/19 1:00 pm EDTCHICAGO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced $500,000 in donations to four local nonprofits to support housing, education and neighborhood revitalization for Chicago residents. “The work being done by these nonprofits will empower families and individuals by providing new opportunities in key areas such as housing, education, community resources and more,” said Nirag Patel, Wells Fargo community banking district manager in Chicago. “We’re hopeful this...more...
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7/31/19 5:36 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 5.25 percent from 5.50 percent, effective tomorrow, Aug. 1, 2019. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides...more...
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7/31/19 4:05 pm EDTCHARLOTTE, N.C.--(BUSINESS WIRE)--Wells Fargo & Co. today named David Kowach head of Community Banking, Jim Hays president and head of Wells Fargo Advisors, Andy Rowe Enterprise Customer Excellence executive, and Elli Dai Small Business and Personal Lending Group executive. Kowach, Rowe, and Dai report to Mary Mack, head of Consumer Banking. Hays reports to Jonathan Weiss, head of Wealth & Investment Management. Interim Chief Executive Officer Allen Parker said, “These new roles...more...
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7/25/19 10:36 am EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo announced another new boost to diverse small businesses today with $7.9 million in grants from its Diverse Community Capital program, which offers capital and technical assistance to minority-owned small businesses through Community Development Financial Institutions (CDFIs). To date, the program has generated more than 103,000 jobs across the U.S. “Small businesses are experiencing a time of rapid growth, but entrepreneurs are still struggling to...more...
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7/24/19 4:45 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company today announced Julia Wellborn as head of Private Wealth Management, a division of Wealth & Investment Management (WIM). In this new role, Wellborn will lead The Private Bank and Abbot Downing. Wellborn has more than 25 years of experience in the financial services industry, most recently as head of wealth management at Comerica Bank, which she joined in 2009. Previously, she held strategic roles in wealth management as well as...more...
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7/23/19 4:42 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.51 per share, payable Sept. 1, 2019 to stockholders of record on Aug. 9, 2019, as approved today by the Wells Fargo board of directors. The third-quarter dividend represents an increase of $0.06 per share, or 13 percent, from the prior quarter. The dividend increase is part of the company’s 2019 Capital Plan, which was submitted to the Federal Reserve as part of the...more...
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7/19/19 9:00 am EDTNEW YORK – Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Mark Hebert has joined Wells Fargo as managing director and head of High Grade Trading. Based in Charlotte, Hebert will report to Thad Sharrett, head of Credit Sales & Trading. In addition, Justin Adams has joined the Credit Sales team as a managing director. Based in Charlotte, Adams will report to Steve Hollender, Head of High Grade Credit Sales....more...
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7/18/19 10:47 am EDTNEW YORK – Wells Fargo Corporate & Investment Banking, a part of Wells Fargo & Company (NYSE: WFC), announced today that David Lauffer has joined its Healthcare Investment Banking group as a managing director covering the biopharma sector. Based in New York, he will report to Omid Ahdieh, head of Healthcare Corporate & Investment Banking. “We are pleased to welcome David whose investment banking experience, sector expertise and long-standing client relationships deepen...more...
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7/17/19 7:00 am EDTSAN FRANCISCO--(BUSINESS WIRE)--In honor of the 29th anniversary of the Americans with Disabilities Act (ADA), Wells Fargo & Co. (NYSE: WFC) announced the Wells Fargo Foundation has donated more than $100 million since 2015 to nonprofits that serve people with disabilities. “The U.S. has made a lot of progress since the enactment of the ADA in 1990, but there still is a lot of work to do,” said Kathy Martinez, head of Disability and Accessibility Strategy at Wells Fargo. “The company is...more...
