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News Releases
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9/17/19 7:00 am EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced plans to pilot an internal settlement service, Wells Fargo Digital Cash, which will run on Wells Fargo’s first distributed ledger technology (DLT) platform. Wells Fargo Digital Cash will allow Wells Fargo to complete internal book transfers of cross-border payments within its global network using digitized cash — and for those international locations to exchange that digitized cash among themselves. To date...more...
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9/13/19 2:45 pm EDTLOS ANGELES--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced $600,000 in donations to local nonprofits to support housing, education and neighborhood revitalization for Los Angeles residents. “The NeighborhoodLIFT program is another example of our commitment to Los Angeles and our efforts to bring forward housing affordability solutions to communities across the U.S.,” said David Galasso, Wells Fargo lead region president Greater California . “The program will help...more...
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9/13/19 12:45 pm EDTNEWARK, N.J.--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC), NeighborWorks® America and its network member New Jersey Community Capital today announced that the 75th LIFT program, designed to boost homeownership, will expand to Essex County, N.J., this fall. With a $5 million philanthropic commitment by the Wells Fargo Foundation, the NeighborhoodLIFT program will create more than 180 Essex County homeowners by offering $20,000 down payment assistance grants that require completion of...more...
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9/13/19 12:45 pm EDTNEWARK, Nueva Jersey--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC), NeighborWorks® America y el miembro de su red, New Jersey Community Capital, anunciaron hoy que el 75.º programa LIFT (en inglés), diseñado para aumentar la cantidad de propietarios de vivienda, se expandirá al condado de Essex, Nueva Jersey, este otoño. Con un compromiso filantrópico por parte de Wells Fargo Foundation de aportar $5 millones, el programa NeighborhoodLIFT creará más de 180 propietarios de vivienda en...more...
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9/12/19 2:00 pm EDTLAS VEGAS – Wells Fargo (NYSE: WFC) announced that Stuart Brady, Vincent Ciminise and Ivan Ferraz will lead its newly integrated Commercial Banking operations in Nevada. The new roles stem from the bank’s recently announced regional structure for its Commercial Banking business. “Commercial Banking is built on a new, integrated business model designed to strengthen and simplify how Wells Fargo serves its commercial banking customers,” said Neal Crapo,...more...
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9/10/19 4:06 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo (NYSE:WFC) today announced $750,000 in donations to support communities affected by Hurricane Dorian in the U.S. and the Bahamas. The company also activated special disaster assistance for customers in Florida, Georgia, South Carolina, North Carolina, and Virginia — to support residents of those states as well as refugees impacted by the devastation in the Bahamas. “Our thoughts and prayers are with those affected by Hurricane Dorian,” said Interim...more...
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9/10/19 7:00 am EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that startups Argo and The Climate Service have joined the Wells Fargo Startup Accelerator, bringing the total number of companies in the portfolio to 25. “Wells Fargo continues to invest and work closely with fintech companies to help integrate their big ideas into the banking services of tomorrow,” said Lisa Frazier, head of the Innovation Group at Wells Fargo. “Teaming up with Argo, The Climate Service,...more...
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9/9/19 11:00 am EDTSACRAMENTO, Calif.--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced $400,000 in donations to five local nonprofits to support housing and neighborhood revitalization for Sacramento residents. “The NeighborhoodLIFT program is another example of our commitment to Sacramento and our efforts to bring forward housing affordability solutions to communities across the U.S.,” said Kevin Barri, Wells Fargo’s region president for Sacramento. “The program will help hardworking...more...
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9/6/19 3:00 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Real Estate Investment Corporation (NYSE: WFE Pr A) announced today that its board of directors has declared a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A. The dividend is equal to $0.3984375 per share of Series A preferred stock. The dividend is payable Sept. 30, 2019, to holders of record as of the close of business on Sept. 16, 2019. Wells Fargo Real Estate Investment Corporation is an indirect subsidiary of...more...
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9/6/19 11:36 am EDTLONDON – Wells Fargo & Company (NYSE: WFC) announced today that Sarah Stafford has been named head of Commercial Real Estate Ireland effective today. In this newly created role, Stafford will be responsible for Wells Fargo’s local client base as well as the day-to-day operations and strategic direction of the Irish business. She will be based in Dublin, Ireland, and will report to Max Sinclair, head of the U.K. division of Wells Fargo’s Commercial Real Estate group, and...more...
