Wells Fargo Donates $50,000 for Ecuador Earthquake Relief Efforts

Company also waives transfer fees for remittances to Ecuador
through May 8, 2016

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) said today the company will donate
$50,000 to the Ecuadorian
Red Cross
through the American Red Cross to help with relief efforts
in the northern coastal provinces of Ecuador, which were devastated by a
major earthquake on April 16. The 7.8 magnitude earthquake, which was
followed by a number of aftershocks, resulted in loss of life, injuries
and destruction of buildings and key infrastructure throughout the
region. Wells Fargo has maintained a presence in Ecuador for more than
17 years, and currently has an office in Guayaquil, which is more than
200 miles from the earthquake’s epicenter.

“Our hearts go out to the people of Ecuador and their friends and
families around the world,” said Alejandro Hernandez, head of Global
Social Responsibility for Wells Fargo. “We hope that our contribution
will assist with the relief efforts as people recover and begin the
healing and rebuilding process.”

In an effort to assist its customers with family and friends affected by
the earthquake, Wells Fargo has also announced that it will waive
transfer fees for ExpressSend®
remittances sent to Ecuador through May 8, 2016. Customers can send
funds to their family or friends in Ecuador at nearly 300 locations and
more than 1,000 ATMs through Banco Guayaquil and SERVIPAGOS (VIA
PRODUBANCO). Funds can be sent by going online at wellsfargo.com, by
calling Wells Fargo Global Remittance Services at 1-800-556-0605,
or by visiting a Wells Fargo banking store. The first remittance for a
service agreement must be completed in person at a store.

“We are saddened to hear of the devastation that has affected so many
communities and families as a result of this earthquake, and our
thoughts are with the people of Ecuador as they work to recover and
rebuild in the months ahead,” said Daniel Ayala, head of Wells Fargo’s
Global Remittance Services Group. “We are honored to serve many
Ecuadorians with our ExpressSend service, and we are proud to do our
small part to make it easier for them to help their family and friends
back in Ecuador as they begin the recovery process.”

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.8 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through 8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 36 countries to support customers who
conduct business in the global economy. With approximately 269,000 team
members, Wells Fargo serves one in three households in the United
States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015
rankings of America’s largest corporations. Wells Fargo’s vision is to
satisfy our customers’ financial needs and help them succeed
financially. Wells Fargo perspectives are also available at Wells
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Wells Fargo & Company
Jennifer Dunn, 202-303-2966