Wells Fargo Helped to Provide 55.7 Million Meals to Families in Need

Donations from the annual Holiday Food Bank program support 150,000
meals a day for a full year

SAN FRANCISCO–(BUSINESS WIRE)–The Wells
Fargo Holiday Food Bank program secured enough food during the 2018
holiday season to help provide 55.7 million meals* to families in need
around the U.S.

Through the support of customers, team members and community members,
the Holiday Food Bank secured food contributions, monetary donations and
volunteer time for the Feeding
America® network of food banks around the U.S., with the following
impact:

• 55.7 million meals – enough to provide more than 150,000 meals
  a day for a year.
• 9,400 boxes of nonperishable food – a 20 percent increase from
  last year’s program.
• 9,083 team member volunteer hours – a 25 percent increase from
  2017.

“Food banks and food pantries are critical emergency resources for
millions, and our customers and the broader community went above and
beyond to participate in our Holiday Food Bank program,” said Jon
Campbell, head of the Wells Fargo Foundation. “Their generosity is
incredibly inspiring, and it underscores the remarkable impact that is
possible when people work together. Thank you to everyone who donated,
to team members who volunteered with distribution, and to local Feeding
America member food banks for their efforts in making the season a
little brighter for those in need.”

Wells Fargo launched the effort on Nov. 13, 2018, with a $4 million
donation to Feeding America, the largest domestic hunger-relief
organization in the U.S. Wells Fargo’s 5,700 branches nationwide doubled
as food banks from the program’s kick-off through the end of 2018,
accepting donations of nonperishable food and money for their respective
local Feeding America member food banks.

Wells Fargo also offered opportunities for participants to donate
through a mobile food bank — which popped up in nine cities from
California to New York. In response to customer requests, the company
also enabled monetary contributions to Feeding America through its ATMs
and website.

In addition, nearly 2,300 Wells Fargo team members volunteered more than
9,000 hours with hunger-related nonprofit organizations over the
holidays.

“One in eight Americans struggle to put food on their tables,” said Andy
Wilson, chief development officer at Feeding America. “Hunger impacts
every single county in the United States. Efforts like the Wells Fargo
Holiday Food Bank program shine a light on this very important issue,
while providing everyone with the opportunity to help their neighbors in
need. Feeding America is grateful to Wells Fargo for helping us get
closer to a hunger-free America.”

The Wells Fargo Holiday Food Bank program is part of Wells Fargo’s
year-round philanthropic support of nonprofit organizations and team
member volunteerism. Companywide last year, Wells Fargo fulfilled its
goal to increase corporate giving to community and nonprofit
organizations to more than $400
million, which averages more than $1 million a day. Beginning in
2019, the company will target two percent of its after-tax profits for
corporate philanthropy.

*$1 helps provide at least 10 meals secured by Feeding America on behalf
of local member food bank.

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 banking, investment and mortgage products and
services, as well as consumer and commercial finance, through 7,800
locations, more than 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 37 countries and territories to
support customers who conduct business in the global economy. With
approximately 259,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 26
on Fortune’s 2018 rankings of America’s largest corporations. News,
insights and perspectives from Wells Fargo are also available at Wells Fargo
Stories.

Contacts

Media
Christina Kolbjornsen, 786-459-9160
Christina.Kolbjornsen@wellsfargo.com
@CKolbjornsenWF
or
Holly
Rockwood, 415-396-1891
Holly.D.Rockwood@wellsfargo.com
@HollyDRockwood