Wells Fargo Joined National Partners in Celebrating the 50th Anniversary of the March on Washington

NEWS RELEASE


For Immediate Release – September 4, 2013

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Valerie Miller Williams

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Wells Fargo Joined National Partners in Celebrating the 50th Anniversary of the March on Washington

- Supported National Urban League, NAACP in celebration initiatives -

(BLACK PR WIRE) – [Charlotte, September 4, 2013] – Wells Fargo recently participated in the 50th anniversary celebration for the March on Washington in Washington, D.C. Wells Fargo joined national partners NAACP and National Urban League with support for panel discussions and events in celebration of future leaders. Wells Fargo leaders were also on the ground marching along with the nation during the 50th Anniversary March on Washington Realize the Dream Rally and March.

Through its long-standing partnerships with NAACP and NUL, Wells Fargo is able to play a part in upholding the legacy of the countless civil rights leaders who have opened the door for civil rights based on gender, ethnicity, religion, disability and sexual orientation.

The March on Washington anniversary represents one of several significant milestones in American history of which Wells Fargo is supporting. During Black History Month, Wells Fargo kicked off a yearlong celebratory campaign featuring the Kinsey Collection in honor of the 150th Anniversary of the Emancipation Proclamation. Wells Fargo also supported commemorative events across the country in celebration of the 50th Anniversary of the Civil Rights Movement.

Wells Fargo recognizes these milestones not only because of the impact on African Americans, but as defining moments in American history.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank's customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2013 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially. Wells Fargo perspectives are also available at blog.wellsfargo.com.

Editor's Note: Photos captioned for editorial use

Howard University Marching Band performs at the Drum Majors for Justice Future Leaders Celebration on the grounds of the Martin Luther King Jr. Memorial as Wells Fargo joined its national partner, National Urban League to celebrate young leaders in the African American community (Photo courtesy of Chris Carter Norseman Photography ©)

Wells Fargo leaders joined civil rights legends, national leaders and the nation in the 50th Anniversary of the March on Washington Realize the Dream March and Rally in Washington D.C. (Photo courtesy of Chris Carter Norseman Photography ©)

Wells Fargo Senior Vice President, Director of National Partnerships, Georgette "Gigi" Dixon chants with the crowd during the 50th Anniversary March on Washington Realize the Dream March and Rally "Jobs, Justice & Freedom" (Photo courtesy of Chris Carter Norseman Photography ©)

From Capitol Hill, Wells Fargo, Executive Vice President and head of Enterprise Diversity and Inclusion, Jimmie Paschall reflects on her experience at the March on Washington 50th Anniversary Celebration in Washington D.C. (Photo courtesy of Chris Carter Norseman Photography ©)

Wells Fargo Senior Vice President and Director of National Partnerships, Georgette "Gigi" Dixon motivates the crowd with remarks at the Drum Majors for Justice Future Leaders Celebration presented by National Urban League (Photo courtesy of Chris Carter Norseman Photography ©)

National media personality, Jeff "Cousin Jeff" Johnson pictured with Wells Fargo leaders L to R: Anna Powell Bard, Hugh Rowden, Georgette "Gigi" Dixon, Valerie Williams and Tasha Brokenberry along with National Urban League representative at the Drum Majors for Justice Future Leaders Celebration (Photo courtesy of Chris Carter Norseman Photography ©)

National civil rights leaders take the stage during National Urban League's Drum Majors for Justice Summit: Redeem the Dream supported by Wells Fargo (Photos courtesy of Chris Carter Norseman Photography ©)

Wells Fargo leaders pictured L to R Hugh Rowden, Chamika Pollock and Stephen Briggs in attendance at National Urban League's Drum Majors for Justice Reception during the 50th Anniversary of the March on Washington in Washington D.C. (Photo courtesy of Chris Carter Norseman Photography ©)

Dr. Thelma Thomas Daley, National Director of Women in NAACP (WIN), reflects on attending the first March on Washington fifty years before for a Wells Fargo video production (Photo courtesy of Chris Carter Norseman Photography ©)

Wells Fargo Observes International Day of Family Remittances, Offers Fee Waiver

Company to waive ExpressSend remittance transfer fees to all countries, payout locations June 15–18.

REUTERS

Originally Published by Wells Fargo.

Wells Fargo & Company announced it will commemorate the International Day of Family Remittances by waiving all transfer fees for ExpressSend ® remittances sent June 15–18.

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13 Organizations Awarded $12.1 Million From Wells Fargo to Support Diverse Small Businesses

Funding awarded to local Community Development Financial Institutions.

REUTERS

Originally Published by Wells Fargo.

Wells Fargo & Company announced that 13 Community Development Financial Institutions (CDFIs) around the U.S. have been selected to receive $12.1 million in lending capital and grants under the Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program. The recipients are private, nonprofit financial institutions that are dedicated to delivering responsible, affordable financial products to underserved populations and communities. Many of the small and micro businesses CDFIs serve may not be ready to access capital through conventional financing methods.

The Diverse Community Capital recipients are:

  • BOC Capital Corp. - Brooklyn, N.Y.
  • California Capital Financial Development Corporation – Sacramento, Calif.
  • Cooperative Development Fund of CDS for Shared Capital Cooperative - St. Paul, Minn.
  • Cooperative Fund of New England – serving New England
  • Entrepreneur Fund – Duluth, Minn.
  • First American Capital Corporation – West Allis, Wis.
  • Hartford Community Loan Fund – Hartford, Conn.
  • Local Initiatives Support Corporation – serving Los Angeles
  • Mission Economic Development Agency (MEDA) – San Francisco
  • Mountain BizWorks – Asheville, N.C.
  • New Jersey Community Capital – New Brunswick, N.J.
  • PeopleFund – Austin, Texas
  • Rainier Valley Community Development Fund – Seattle, Wash.

Diverse Community Capital funds will be used by the awardees to increase lending to diverse small business owners; help more diverse small business owners get the coaching and education resources they may need to grow their business; and improve, create or add resources, materials, products, or programs to better serve their target market.

Under the program, awardees also have the opportunity to participate in a social capital component, delivered by Opportunity Finance Network, a national network of CDFIs. Social capital opportunities include an online learning community, working groups on specific topics, consulting, peer learning and mentoring.

"Now in its third year, the DCC program's impact on communities has been compelling," said Connie Smith, Wells Fargo's Diverse Community Capital program manager. "DCC awardees are increasing access to capital and development services for diverse small businesses in their local communities. These awards are inspiring collaboration and innovation in the CDFI industry every day."

In fiscal year 2017, Diverse Community Capital awardees closed more than $284 million in loans to diverse small business clients. That represents a year-over-year increase of 23 percent for the first 18 awardees and a 63 percent increase for the next 26 awardees. Awardees closed nearly $103 million to black or African American entrepreneurs and more than $75 million to Hispanic or Latino entrepreneurs. In addition, 76 of all development services offered by DCC awardees were delivered to diverse small businesses. Most awardees reported at least one new or changed program or product designed to increase capital deployment to their clients.

"When local businesses succeed, so do the communities where we live and work," said Mike Rizer, director of Community Relations at Wells Fargo. "By financing community businesses — including small businesses, microenterprises, and nonprofit organizations — CDFIs spark job growth and retention in communities across the U.S."

Today's announcement marks Diverse Community Capital's fifth installment, or round, of awardees since 2015. Wells Fargo has committed an additional $100 million over the next three years to CDFIs serving diverse small businesses.

To earn back your trust, Wells Fargo has renewed its commitment to you. See our re-established goals at http://www.wellsfargo.com/renew.
We are re-committing to you and re-inventing how we serve you, delivering banking features like Card-Free ATM Access, and Debit Card On or Off for when you misplace your debit card. We have changed our sales policies and culture to fix what went wrong and make things right, knowing an apology is just the beginning.