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News Releases
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11/14/19 10:40 am ESTSAN ANTONIO--(BUSINESS WIRE)--The Wells Fargo Foundation has made a historic $10 million grant to NALCAB — National Association for Latino Community Asset Builders — to support growth-oriented lending to minority-owned businesses nationwide through a network of Latino-led nonprofit business lenders. The new Acceso Loan Fund is designed to help diverse entrepreneurs scale to a greater size — expanding their revenue, impact on the economy and ability to provide jobs. By sharing the grant...more...
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11/14/19 9:00 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company today announced that General Counsel C. Allen Parker has made the decision to leave the company effective March 31, 2020, to pursue other business opportunities. Parker joined Wells Fargo as General Counsel in March 2017, served as interim CEO and President from March 2019 to October 2019, and then returned to the General Counsel role. The company will commence a search for a new General Counsel immediately with the goal being that...more...
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11/12/19 4:30 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that Kara McShane has been named head of Commercial Real Estate (CRE) within the company’s Wholesale Banking group. She will assume this role on February 14, 2020, upon Mark Myers’ retirement. “Kara is an exceptional leader who has made a significant impact on our CRE business since joining our company nine years ago,” said Perry Pelos, head of Wholesale Banking. “She brings extraordinary vision, energy,...more...
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11/12/19 8:00 am ESTDENVER--(BUSINESS WIRE)--The Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), today announced that it is expanding its focus to include clean technologies for residential buildings. The goal is to help ratepayers use energy more efficiently and lower monthly utility bills. IN2 has selected 10 new early-stage technology companies...more...
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11/8/19 11:45 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced its third annual Holiday Food Bank program to help provide food to people and families in need during the holiday season. Wells Fargo launched the program with a donation of up to $5 million to Feeding America® through direct donations and charitable matching. Feeding America is the largest domestic hunger-relief organization in the U.S. with 200 member food banks across the U.S. The organization estimates...more...
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11/7/19 12:00 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--U.S. investor optimism improved in the latest Wells Fargo/Gallup Investor Optimism Index, following a dip in the previous quarterly survey as investors faced mixed economic signals. The index score is now 84, up from 72 in the third quarter survey and on par with 85 in the second quarter survey. Gallup conducted the poll Oct. 7–13 as the stock market was making modest gains. The survey also followed the federal government’s monthly jobs report announcing that...more...
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11/7/19 10:00 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that William M. Daley has been named Vice Chairman of Public Affairs, effective November 13, 2019. Daley will serve on the Operating Committee and will report directly to CEO Charles Scharf. “I am delighted to welcome Bill to Wells Fargo,” said Scharf. “I have known Bill and worked with him for many years and know we will benefit from his unique background. My experience with Bill is that he does not think...more...
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11/5/19 10:00 am ESTNEW YORK – Wells Fargo Wholesale Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Paul Whyte is joining its Corporate & Investment Banking (CIB) and Commercial Real Estate (CRE) groups, effective November 12, as a managing director focused on real estate investment banking and hospitality finance. Within CIB, Whyte will be part of the newly-formed Real Estate, Gaming, Lodging and Leisure (REGAL) group, and within CRE, Whyte will be...more...
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11/5/19 8:00 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Small business owners showed continued optimism for their businesses and the U.S. economy in the latest Wells Fargo/Gallup Small Business Index. Respondents also signaled which issues are most important to them in next year’s elections. Conducted Sept. 30–Oct. 4, the survey showed a six-point increase in overall optimism. The majority of owners said their issues are not being discussed on the campaign trail. Optimism from business owners about their present...more...
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11/4/19 4:30 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that Mark Myers, Executive Vice President and head of Commercial Real Estate (CRE) within the company’s Wholesale Banking group, has shared his intention to retire. Myers, 64, has been with Wells Fargo for 39 years, and will stay in his role until February 14, 2020. Wells Fargo expects to announce a new head of Commercial Real Estate in the coming weeks. “Throughout his 39 year tenure at Wells Fargo, Mark...more...
