Wells Fargo Launches 2017 Veteran Scholarship and Emergency Grant Programs

22 scholarships and 25 emergency grants awarded to veterans in 2016

SAN FRANCISCO–(BUSINESS WIRE)–#Scholarships—Wells
Fargo & Company (NYSE:WFC) and Scholarship
America are now accepting applications for the 2017 Wells
Fargo Veterans Scholarship and Wells
Fargo Veterans Emergency Grant Programs. Wells Fargo has committed
$2 million over a four year period to fund the programs and help
veterans and their families to successfully integrate back into civilian
life. Since both programs launched in 2016, Wells Fargo and Scholarship
America have awarded 22 scholarships and 25 emergency grants to support
education and vocational training for veterans and the spouses of
disabled veterans.

Veteran Amare Lovely was one of the 22 scholarship recipients in 2016.
He served nearly five years as a Navy Corpsman, receiving thirteen
Command Certifications of Excellence. He organized community diversity
inclusion programs and mentored underprivileged children. Amare deployed
to Afghanistan where he sustained injuries from the blast of an
improvised explosive device (IED) for which he was awarded the Purple
Heart in 2013.

“Being a veteran who suffers from Post-Traumatic Stress Disorder, and a
full time student juggling raising a family, my life can be pretty
stressful and overwhelming at times,” said Lovely. “The Wells Fargo
Veteran Scholarship enabled me to focus on my schooling and family and
not on the pressures of tuition, books, and fees. I am on pace to
graduate next fall and I owe a lot of thanks to Wells Fargo for their
support.”

Scholarship America, one of the nation’s largest providers of
postsecondary educational assistance programs, and Wells Fargo have
worked together since 1991, starting with the Children of Employee
Scholarship Program in 1991. Both collaborated on the application and
selection process for the scholarship and emergency grants, using best
practices of the highest quality postsecondary educational aid programs.

“American veterans are important to the strength of our country and our
company, and we want to make sure they feel prepared for the transition
back to civilian life,” said Jerry Quinn, Wells Fargo Military & Veteran
Program Manager. “Our investment in Scholarship America will help fill
some of the financial gaps by providing scholarships and emergency aid
to our veterans and their families to set them on a course to success.”

“Wells Fargo’s Veterans Scholarship and Emergency Grant Programs offer
exciting opportunities for veterans,” said Robert C. Ballard, president
and CEO, Scholarship America. “Unmet financial needs can derail
educational progress. Wells Fargo’s programs are helping fill funding
gaps so veterans can complete post-secondary education or training and
succeed in civilian life and work.”

The Wells Fargo Veterans Scholarship Program

Applications for the scholarship program are being accepted through
February 28, 2016. Awards will be made to honorably discharged veterans
or spouses of disabled veterans who are high school or GED graduates.
Renewable scholarships for up to $7,000 per year will be granted,
determined by financial need and consideration of academic performance,
work experience, leadership and community service, and challenges to
completing a postsecondary program. Each award renewal will increase by
$1,000 over the previous year to encourage program completion for each
recipient.

Visit www.scholarsapply.org/wellsfargoveterans
for more information and to apply.

The Wells Fargo Veterans Emergency Grant Program

Emergency grants are available on an ongoing basis for eligible veterans
who are enrolled in postsecondary education and experience unexpected
financial difficulties that might cause them to drop out of school.
Grants will be available for a one-time distribution up to $1,000 based
on the cost of the emergency need, such as rent, utilities, daycare and
medical expenses. Visit www.scholarsapply.org/wellsfargoveteransemergency
for more information and to apply.

More information about Wells Fargo’s support of service members,
veterans, and their families is available at wellsfargo.com/military/veterans.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a diversified, community-based
financial services company with $1.9 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 8,600 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 42 countries and
territories 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. 27 on Fortune’s 2016 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy our customers’
financial needs and help them succeed financially. In 2015, Wells Fargo
donated $281.3 million to 16,300 nonprofits, ranking No. 3 on the
Chronicle of Philanthropy’s rankings of the top corporate cash
philanthropists. Wells Fargo team members volunteered 1.86 million hours
in 2015, serving more than 40,000 nonprofits. Wells Fargo’s corporate
social responsibility efforts are focused on three priorities: economic
empowerment in underserved communities, environmental sustainability,
and advancing diversity and social inclusion. News, insights and
perspectives from Wells Fargo are also available at Wells
Fargo Stories.

About Scholarship America

For nearly 60 years, Scholarship America has worked directly with
students, parents, colleges, businesses and communities to empower
people to achieve their educational goals. As the nation’s largest
private education support organization, having distributed over $3.5
billion to more than 2.2 million students, Scholarship America is now
working to further engage the private sector to support programs and
policies that advance equity in postsecondary education and help
students overcome barriers to access, persistence and attainment. More
information is available at scholarshipamerica.org.

Contacts

Wells Fargo & Company
Media
Lisa Westermann,
415-222-6236
Lisa.B.Westermann@wellsfargo.com
Twitter
@LWestermannWF